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Sangoma Technologies Corporation Common Shares - $SANG STOCK NEWS

Welcome to our dedicated page for Sangoma Technologies Corporation Common Shares news (Ticker: $SANG), a resource for investors and traders seeking the latest updates and insights on Sangoma Technologies Corporation Common Shares stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Sangoma Technologies Corporation Common Shares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Sangoma Technologies Corporation Common Shares's position in the market.

News
Sangoma Announces Date of Third Quarter Fiscal 2024 Financial Results and Conference Call
Rhea-AI Summary

Sangoma Technologies announced the date for the release of its third quarter fiscal 2024 financial results and conference call. The results are expected to be released on May 8, 2024, after markets close, with a conference call scheduled for the same day at 5:30 PM Eastern Time.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
earnings
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News
Sangoma's CEO Is Set to Speak at Centurion One Capital's 7th Annual Growth Conference
Rhea-AI Summary
Sangoma Technologies Corporation, a leading provider of cloud-based communications solutions, will participate in Centurion One Capital's Growth Conference. CEO Charles Salameh will present on market success and join the Driving Innovation Panel, offering fresh perspectives. The event aims to showcase Sangoma's innovative solutions and growth strategies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
conferences
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News
Sangoma Announces Second Quarter Fiscal 2024 Results
Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) reported continued strength in Services revenue at $50.70 million, representing 81% of total revenue in the second quarter of fiscal 2024. The Company's net loss increased to $3.24 million, with a net loss per share of $0.10. However, the adjusted EBITDA reached $10.45 million, and the net cash provided by operating activities rose to $9.19 million, reflecting a strong quarterly progression of cash flow. Operating expenses were slightly up at $44.54 million, but the Company maintained a healthy balance sheet with a cash balance of $10.56 million on December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
17.77%
Tags
earnings
News
Sangoma Announces Date of Second Quarter Fiscal 2024 Financial Results and Conference Call
Rhea-AI Summary
Sangoma Technologies Corporation, a leader in cloud-based Communications as a Service solutions, will release its Q2 fiscal 2024 results on February 8, 2024. The company will also host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.56%
Tags
earnings
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News
Sangoma Named In The 2023 Gartner® Magic Quadrant™ For Unified Communications As A Service Report For Ninth Year
Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) has been named in the 2023 Gartner Magic Quadrant for Unified Communications as a Service, Worldwide report for the ninth straight year. Sangoma is one of the 11 vendors placed in the 2023 report, recognized for its completeness of vision and ability to execute.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.08%
Tags
none
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News
Sangoma Technologies Corporation Announces Voting Results from its Annual General and Special Meeting of Shareholders
Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; NASDAQ: SANG) announced the results of voting at its annual general and special meeting of shareholders. Each of the six nominees listed in the Company’s management information circular was elected as directors of the Company. Sangoma received proxies and virtual votes at the Meeting, with Norman A. Worthington, III receiving 91.69% of votes for and 8.31% of votes withheld, Allan Brett receiving 94.94% of votes for and 5.06% of votes withheld, Al Guarino receiving 99.84% of votes for and 0.16% of votes withheld, Marc Lederman receiving 87.65% of votes for and 12.35% of votes withheld, Giovanna Moretti receiving 99.86% of votes for and 0.14% of votes withheld, Charles Salameh receiving 99.85% of votes for and 0.15% of votes withheld. In addition, Sangoma reports that the appointment of KPMG LLP as Sangoma’s auditors for the 2024 fiscal year was approved by 99.97% of the votes, and the ratification of the amended and restated By-Law No. 2 was passed by 92.16% of the votes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.31%
Tags
none
News
Sangoma Technologies Partnership Powers UK PSTN Switch-Off Opportunities
Rhea-AI Summary
Sangoma Technologies (SANG) partners with UK-based Sol Distribution to provide businesses with easy and cost-effective access to hardware and software products for digital communication modernization. The UK switch-off of the PSTN in 2025 creates an opportunity for technology providers to help businesses digitize, and this partnership aims to capitalize on that. Sangoma's global reputation in unified business communication innovation combined with Sol Distribution's network of expert resellers and system integrators will provide businesses with smart functionality, reliability, and value for money.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.25%
Tags
partnership
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News
Sangoma to Showcase Innovations at Benchmark Discovery One-on-One Conference in New York
Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) is participating in the Benchmark Discovery One-on-One Conference in New York City on December 7th. The company aims to showcase its latest advancements and strategic initiatives, emphasizing its commitment to pioneering solutions that meet worldwide businesses' evolving communication and technology needs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.36%
Tags
none
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News
Sangoma Announces First Quarter Fiscal 2024 Results
Rhea-AI Summary
Sangoma Technologies Corporation (TSX: STC; Nasdaq: SANG) announced Q1 FY2024 financial results, with Services revenue reaching a record 81.1% of total revenue at $51.16 million. Total revenue decreased by 2% from the prior year, with net loss at $(2,444) and adjusted EBITDA at $9,882. CEO Charles Salameh expressed confidence in Sangoma's market position and transformational activities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.29%
Tags
earnings
News
Sangoma Announces Date of First Quarter Fiscal 2024 Financial Results and Conference Call
Rhea-AI Summary
Sangoma Technologies Corporation is set to release its first quarter fiscal 2024 results on November 8, 2023. The company will also host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.4%
Tags
earnings
Stock SANG logo
Sangoma Technologies Corporation Common Shares

Nasdaq:SANG

SANG Rankings

#4005 Ranked by Market Cap
#4671 Ranked by Stock Gains
N/A Ranked by Dividends

SANG Stock Data

145.30M
25.79M
20.93%
36.17%
0.01%
Telephone Apparatus Manufacturing
Manufacturing
Link
United States of America
Markham

About SANG

sangoma technologies corporation, is a trusted leader in delivering globally scalable voice-over-ip telephony systems, both on-site and cloud-based. as the communication landscape evolves and businesses invest in new strategies to provide effective communications, sangoma technologies is your trusted partner; delivering unified communications solutions for smbs, enterprises, oems, carriers, and service providers. sangoma’s globally scalable offerings include both on-site and cloud-based business communication systems, sip trunking, ip phones, gateways, session border controllers and telecom interface cards. together, these provide seamless connectivity between traditional infrastructure and new technologies. businesses can achieve enhanced levels of collaboration, productivity and roi by partnering with sangoma. everything connects when you connect with sangoma! founded in 1984, sangoma technologies corporation is publicly traded on the tsx venture exchange (tsx venture: stc). addition