Sangoma Technologies Corporation develops, manufactures, distributes, and supports voice and data connectivity components for software-based communication applications worldwide. The company offers Switchvox, a business phone system; PBXact, a phone system; Internet protocol (IP) phones; service provider and voice over Internet protocol gateways; Switchvox Cloud, a unified communications solution; SIPstation SIP Trunking, a hosted session initiation protocol trunking service; PBXact Cloud, a cloud based private branch exchange service; Asterisk and FreePBX, an open source IP PBX software; and FAXStation, a fax-over-IP solution. It also provides session border controllers; telephony and media transcoding cards; and open source communications software. The company serves small and medium sized businesses, enterprises, original equipment manufacturers, carriers, and service providers. Sangoma Technologies Corporation was founded in 1984 and is headquartered in Markham, Canada.
IPO Year:
Exchange: NASDAQ
Website: https://www.sangoma.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/9/2023 | $8.00 → $3.25 | Buy → Hold | Canaccord Genuity |
| 9/22/2022 | Outperform | William Blair | |
| 5/26/2022 | $18.00 | Outperform | Northland Capital |
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, announced today the results of voting at its annual general and special meeting of shareholders held on November 19, 2024 (the "Meeting"). Each of the seven nominees listed in the Company's management information circular dated October 16, 2024 provided in connection with the Meeting were elected as directors of the Company. Sangoma received proxies and virtual votes at the Meeting as set out below: Nominee Votes For % of Votes For Votes Withheld % of Votes Withheld
Bringing exceptional customer experience expertise to the Company Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications-as-a-Service solutions for companies of all sizes, today announced the appointment of April Walker effective July 1, 2024. Ms. Walker brings a wealth of expertise and over 30 years of experience in the technology sector, most recently holding the role of Senior Vice President of Customer Success at Salesforce, the global leader in CRM and cloud computing. Ms. Walker's career is distinguished by her passionate dedication to digital innovation and the adoption of cutting-edge tech
Deep expertise in building sales channel management programs for the SMB market Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced the appointment of Monica Walton as Chief Revenue Officer. Ms. Walton will lead Sangoma's go-to-market initiatives, with over 25 years of demonstrated leadership experience in building sales and channel management programs in the networking and IT communications industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521249833/en/Sangoma
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company") announced today the results of voting at its annual general and special meeting of shareholders held on December 12, 2023 (the "Meeting"). Each of the six nominees listed in the Company's management information circular dated November 8, 2023 provided in connection with the Meeting were elected as directors of the Company. Sangoma received proxies and virtual votes at the Meeting as set out below: Nominee Votes For % of Votes For Votes Withheld % of Votes Withheld Norman A. Worthington, III 17,401,662 91.69% 1,577,347 8.31% Allan Brett
Appointment of experienced COO highlights the company's focus on revenue growth and operational efficiency Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced the appointment of Jeremy Wubs as its first Chief Operating Officer ("COO") effective immediately. Mr. Wubs joins Sangoma as an accomplished technology and transformation executive with a remarkable track record of delivering exceptional financial results in highly competitive markets. With over 20 years of experience in the industry, Mr. Wubs brings a wealth of knowledge an
MARKHAM, Ontario, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a leading global provider of business IT and communication solutions, is pleased to announce the appointment of Charles Salameh as the Company's new Chief Executive Officer (CEO) and member of the Board of Directors, effective September 1, 2023. Charles has held senior leadership positions at Bell Canada, Nortel Networks, HP and DXC. His most recent role was at Infosys where, as Global Head of Account Expansion, he was responsible for driving revenue growth and expansion across its nearly $18.2 billion dollar book of business, based on Infosys' FY 23 re
LONG BEACH, CA / ACCESSWIRE / March 9, 2022 / Bakhu Holdings, Corp. (OTC:BKUH) today announced the appointment of Michael R. Hawthorne, PhD, 47, as Deputy Chief Executive Officer to primarily assist President and CEO Evripides Drakos in the Company's expansion plans."Dr. Hawthorne is an international biopharma leader with strategic and operational skills ranging from launching start-up discovery biotech companies up to driving growth in global businesses employing more than 10,000 people," according to Drakos. "His experience in growing companies in the cell science space will be invaluable to our business," Drakos said.Bakhu Holdings has the exclusive North American rights to sublicense a p
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, announced today the results of voting at its annual general and special meeting of shareholders held on November 19, 2024 (the "Meeting"). Each of the seven nominees listed in the Company's management information circular dated October 16, 2024 provided in connection with the Meeting were elected as directors of the Company. Sangoma received proxies and virtual votes at the Meeting as set out below: Nominee Votes For % of Votes For Votes Withheld % of Votes Withheld
Sangoma's New Program Provides Revolutionary Benefits for Partners and Agents to Foster Joint Growth Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG), a trusted leader in providing business communication platforms including UCaaS, CCaaS, CPaaS, and Trunking technologies, is thrilled to announce the upcoming launch of its Pinnacle Partner Program. "I'm excited about the launch of our new partner program. It highlights our full commitment to the channel," said Monica Walton, Chief Revenue Officer at Sangoma. "This program will be simplified, highly responsive, and packed with great incentives and fun rewards. We can't wait to see where it takes us and, most importantly, to help us
Net Cash provided by operating activities increased 55% year-over-year with 124% of Adjusted EBITDA being converted to operating cash flow Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its first quarter financial results and unaudited condensed consolidated interim financial statements for the quarter ended September 30, 2024. Unaudited in US $000 Q1 FY2025 Q1 FY2024 Change Q4 FY2024 Change Revenue $ 60,150 $ 63,028 (5)% $ 60,934 (1)% Gross profit $ 41,181 $
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its first quarter fiscal year 2025 results after markets close on Wednesday November 6, 2024. In addition, the Company will host a conference call on Wednesday November 6, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-800-806-5484 (International +1-416-340-2217) and the participant passcode is 8503464#. Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering communications platforms for businesses of all sizes, proudly announced its inclusion in the 2024 Gartner® Magic Quadrant™ for Unified Communications as a Service, Worldwide report for the tenth straight year. The Gartner Magic Quadrant assesses worldwide Unified Communications as a Service (UCaaS) providers. Sangoma is one of the 11 vendors placed in the 2024 report. The report recognized Sangoma based on its Completeness of Vision and Ability to Execute. "We are delighted to be recognized in the Gartner Magic Quadrant for the tenth consecutive year, which we believe stand
Achieves Fiscal Year Guidance and a 67% year-over-year increase in Net Cash provided by operating activities, Demonstrating Continued Profitability and Operational Excellence amid Transformation Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its fourth quarter financial results and audited consolidated financial statements for the year ended June 30, 2024. US $000 Q4 FY2024 Q4 FY2023 Change FY2024 FY2023 Change Revenue $ 60,934 $ 63,680 (4)% $ 247,284 $ 252,530 (2)% Gr
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its fourth quarter and fiscal year 2024 results after markets close on Wednesday September 18, 2024. In addition, the Company will host a conference call on Wednesday September 18, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-844-763-8274 (International +1-647-484-8814). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call. About Sangoma Technologies
Sangoma Technologies Corporation (TSX:STC) (NASDAQ:SANG) ("Sangoma" or the "Company"), a leading business communications platform provider, today announced key updates on its Fiscal 2024 performance and strategic initiatives as it prepares for the year ahead. In line with our capital allocation strategy disclosed in the third quarter of Fiscal 2024, Sangoma executed a debt repayment of $5.3 million in the fourth quarter, bringing total debt repayments for the quarter to $9.7 million. This marks the first of a series of planned payments aimed at reducing Sangoma's debt to under $60.0 million by the end of Fiscal 2025. The company's ability to advance this strategy is supported by its robus
Bringing exceptional customer experience expertise to the Company Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications-as-a-Service solutions for companies of all sizes, today announced the appointment of April Walker effective July 1, 2024. Ms. Walker brings a wealth of expertise and over 30 years of experience in the technology sector, most recently holding the role of Senior Vice President of Customer Success at Salesforce, the global leader in CRM and cloud computing. Ms. Walker's career is distinguished by her passionate dedication to digital innovation and the adoption of cutting-edge tech
Deep expertise in building sales channel management programs for the SMB market Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced the appointment of Monica Walton as Chief Revenue Officer. Ms. Walton will lead Sangoma's go-to-market initiatives, with over 25 years of demonstrated leadership experience in building sales and channel management programs in the networking and IT communications industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240521249833/en/Sangoma
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Canaccord Genuity downgraded Sangoma Technologies from Buy to Hold and set a new price target of $3.25 from $8.00 previously
William Blair initiated coverage of SangStat with a rating of Outperform
Northland Capital initiated coverage of SangStat with a rating of Outperform and set a new price target of $18.00
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Net Cash provided by operating activities increased 55% year-over-year with 124% of Adjusted EBITDA being converted to operating cash flow Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its first quarter financial results and unaudited condensed consolidated interim financial statements for the quarter ended September 30, 2024. Unaudited in US $000 Q1 FY2025 Q1 FY2024 Change Q4 FY2024 Change Revenue $ 60,150 $ 63,028 (5)% $ 60,934 (1)% Gross profit $ 41,181 $
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its first quarter fiscal year 2025 results after markets close on Wednesday November 6, 2024. In addition, the Company will host a conference call on Wednesday November 6, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-800-806-5484 (International +1-416-340-2217) and the participant passcode is 8503464#. Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call
Achieves Fiscal Year Guidance and a 67% year-over-year increase in Net Cash provided by operating activities, Demonstrating Continued Profitability and Operational Excellence amid Transformation Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its fourth quarter financial results and audited consolidated financial statements for the year ended June 30, 2024. US $000 Q4 FY2024 Q4 FY2023 Change FY2024 FY2023 Change Revenue $ 60,934 $ 63,680 (4)% $ 247,284 $ 252,530 (2)% Gr
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its fourth quarter and fiscal year 2024 results after markets close on Wednesday September 18, 2024. In addition, the Company will host a conference call on Wednesday September 18, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-844-763-8274 (International +1-647-484-8814). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call. About Sangoma Technologies
Continued strength in Services mix at 82% of total revenue in Q3 while Net Cash provided by Operating Activities increased 121% over the prior year period. Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its third quarter financial results and unaudited condensed consolidated interim financial statements for the quarter ended March 31, 2024. US $000 Q3 FY2024 Q3 FY2023 Change Q2 FY2024 Change Revenue $61,046 $62,764 (3)% $62,276 (2)% Gross profit
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its third quarter fiscal 2024 results after markets close on Wednesday May 8, 2024. In addition, the Company will host a conference call on Wednesday May 8, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call. About Sangoma Technologies Corporation Sangoma is
Continued strength in Services revenue at $50.70 million or 81.42% of total revenue in Q2 Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its second quarter financial results and unaudited condensed consolidated interim financial statements for the fiscal second quarter ended December 31, 2023. US $000 Q2 FY2024 Q2 FY2023 Change Q1 FY2024 Change Revenue $62,276 $62,035 —% $63,028 (1)% Gross profit $43,986 $42,789 3% $44,028
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its second quarter fiscal 2024 results after markets close on Thursday February 8, 2024. In addition, the Company will host a conference call on Thursday February 8, 2024 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call. About Sangoma Technologies Corporation S
Services revenue at $51.16 million reaches a record 81.1% of total revenue in Q1 Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced its first quarter financial results and unaudited condensed consolidated interim financial statements for the fiscal first quarter ended September 30, 2023. US $000 Q1 FY2024 Q1 FY2023 Change Q4 FY2023 Change Revenue $63,028 $64,051 (2 )% $63,680 (1 )% Gross profit $44,028
Sangoma Technologies Corporation (TSX:STC, NASDAQ:SANG) ("Sangoma" or the "Company"), a trusted leader in delivering cloud-based Communications as a Service solutions for companies of all sizes, today announced that it expects to release its first quarter fiscal 2024 results after markets close on Wednesday November 8, 2023. In addition, the Company will host a conference call on Wednesday November 8, 2023 at 5:30 PM Eastern Time to discuss the results. The dial-in number for the call is 1-800-319-4610 (International 1-604-638-5340). Participants are requested to dial in 5 minutes before the scheduled start time and ask to join the Sangoma call. About Sangoma Technologies Corporation
Sangoma Technologies Corporation (TSX:STC) (NASDAQ:SANG) ("Sangoma" or the "Company"), a leading business communications platform provider, today announced key updates on its Fiscal 2024 performance and strategic initiatives as it prepares for the year ahead.In line with our capital allocation strategy disclosed in the third quarter of Fiscal 2024, Sangoma executed a debt repayment of $5.3 million in the fourth quarter, bringing total debt repayments for the quarter to $9.7 million. This marks the first of a series of planned payments aimed at reducing Sangoma's debt to under $60.0 million by the end of Fiscal 2025. The company's ability to advance this strategy is supported by its robust fi
Sangoma Technologies (NASDAQ:SANG) reported quarterly losses of $(0.04) per share which beat the analyst consensus estimate of $(0.07) by 42.86 percent. This is a 100 percent decrease over losses of $(0.02) per share from the same period last year. The company reported quarterly sales of $61.046 million which beat the analyst consensus estimate of $60.992 million by 0.09 percent. This is a 2.74 percent decrease over sales of $62.764 million the same period last year.
Sangoma Technologies (NASDAQ:SANG) reported quarterly losses of $(0.10) per share which missed the analyst consensus estimate of $(0.08) by 25 percent. The company reported quarterly sales of $62.28 million which beat the analyst consensus estimate of $61.62 million by 1.07 percent. This is a 0.39 percent increase over sales of $62.03 million the same period last year.
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Canaccord Genuity analyst Robert Young downgrades Sangoma Technologies (NASDAQ:SANG) from Buy to Hold and lowers the price target from $8 to $3.25.
Sangoma Technologies (NASDAQ:SANG) reported quarterly losses of $(0.07) per share. This is a 16.67 percent decrease over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $63.03 million which missed the analyst consensus estimate of $64.13 million by 1.72 percent. This is a 1.60 percent decrease over sales of $64.05 million the same period last year.
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Northland Capital Markets analyst Michael Latimore maintains Sangoma Technologies (NASDAQ:SANG) with a Outperform and lowers the price target from $13 to $8.
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Sangoma Technologies (NASDAQ:SANG) is set to give its latest quarterly earnings report on Wednesday, 2023-09-27. Here's what investors need to know before the announcement. Analysts estimate that Sangoma Technologies will report an earnings per share (EPS) of $-0.03. Sangoma Technologies bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company beat EPS by $0.04, which was followed by a 5