Sangoma Technologies Corporation (SANG) Reports Q3 Loss, Lags Revenue Estimates

Sangoma Technologies reported a quarterly loss of $0.07 per share, missing the Zacks Consensus Estimate for a $0.04 loss and widening from a $0.03 loss a year ago. The miss versus expectations and year-over-year deterioration point to weaker-than-expected fundamentals. The update is likely to weigh on the stock, though the impact should be limited to the individual name.

Analysis

Sangoma Technologies reported a quarterly loss of $0.07 per share, missing the Zacks Consensus Estimate for a $0.04 loss and widening from a $0.03 loss a year ago. The miss versus expectations and year-over-year deterioration point to weaker-than-expected fundamentals. The update is likely to weigh on the stock, though the impact should be limited to the individual name.