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ATB Capital Markets Sticks to Its Buy Rating for Sangoma Technologies (STC)

Tipranks - Tipranks - Fri Feb 6, 10:58AM CST

ATB Capital Markets analyst maintained a Buy rating on Sangoma Technologies today and set a price target of C$11.00.

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Sangoma Technologies has an analyst consensus of Moderate Buy, with a price target consensus of C$11.50.

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Based on Sangoma Technologies’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$59.11 million and a GAAP net loss of C$1.88 million. In comparison, last year the company earned a revenue of C$60.15 million and had a GAAP net loss of C$1.91 million

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of STC in relation to earlier this year.

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