Sangoma Technologies Corp(SANG)

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EXPLORE ADVISORIES AND THEIR HISTORY
QUALITY SIGNAL RECENCY
1-STAR RATING
Consider higher Upturn Star rating
BUY for 21 days
PROFIT SINCE LAST BUY
-5.36% ▼
LAST CLOSE
$4.59
11/10/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
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  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
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Upturn Stock price based on last close iconStock price based on last close
Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Advisory Performance History (Simulated)Advisory Performance History info

Simulated performance—not actual client returns. Excludes advisory subscription fees, trading commissions, and taxes, which would reduce returns. Results depend on calculation assumptions and do not guarantee future outcomes. See Disclosures for full methodology, assumptions, and limitations.

Upturn Advisory & Investor View for SANG

11/10/2026: SANG (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Sangoma Technologies Corp is a specialized provider of cloud-based communication solutions and hardware for businesses. The company has transitioned its focus from legacy voice hardware to a recurring revenue model led by its UCaaS and CPaaS platforms. Its primary growth story revolves around successfully migrating legacy customers to these higher-margin cloud services while leveraging its deep roots in VoIP technology. Investors face risks related to intense competition from larger cloud incumbents and the operational challenges of integrating past acquisitions. This stock may suit growth-oriented investors interested in cloud communications, though it remains subject to execution and market-related volatility.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Investor Fit

Investor styleFitWhy
Growth investorMixed fitSangoma offers growth potential through cloud transition, but faces significant competition.
Momentum investorMixed fitMomentum is conditional on positive price breakouts and upward earnings revisions.
Value investorMixed fitValuation can be attractive at times, but the business quality is in a state of transition.
Dividend investorWeak fitThe company focuses capital on growth rather than returning cash to shareholders via dividends.
Low-risk investorWeak fitThe company's transition and competitive environment imply significant volatility.

Risk Profile

Risk factorLevelWhy it matters
Price volatilityMedium / highSmall-cap stocks in the tech sector are prone to significant market fluctuations.
Valuation riskMediumMarket sentiment can shift quickly based on quarterly subscription growth results.
Competition risk (Cloud Communications)HighThe sector is dominated by larger, better-capitalized firms.
Business qualityMediumSuccessful integration of historical acquisitions remains critical to long-term quality.
Dividend incomeLow / noneNo dividend income is currently provided to investors.
Execution riskMedium / highExecution on software-as-a-service (SaaS) growth goals is essential for valuation.

Price Behavior

Flat / Range-Bound
PRICE PATH

Flat / Range-Bound

The stock price has been trading within a narrow range with minimal directional movement.

Extreme Price Shocks
PRICE STABILITY

Extreme Price Shocks

The stock has experienced exceptionally large and disruptive price movements during the period.

Analysis of Past Performance

Type Stock
Historic Profit -3.63%
Avg. Invested days 40
Today’s Advisory Consider higher Upturn Star rating
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 1.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 11/10/2026

Upturn Scorecard

Upturn Star Rating

★★★★★
SANG receives a 2-star rating, reflecting soft or weak scores across the available pillars. The rating is constrained by soft unit economics, soft analyst coverage, and weak price momentum.

Company Fundamentals

★★★★★
SANG has moderate overall fundamentals (3 stars), with moderate financial health, weak growth momentum, and solid ownership. In FY2026 versus FY2025, solid cash generation (FCF margin 11.0%) is partially offset by negative earnings growth (-1055.8%), negative revenue growth (-39.6%), weak profitability (net margin -40.5%).

Financial Health Rating

★★★★★
SANG's financial health is supported by moderate cash strength, including free-cash-flow generation (11.0% of revenue). Profitability is soft (2 stars), which helps explain the 3-star overall score.

Growth Momentum Score

★★★★★
SANG's growth profile is soft, with the least-weak measure being free-cash-flow growth at -35.3% FY2026 versus FY2025. By comparison, while revenue growth (-39.6%, negative) and earnings growth (-1055.8%, negative) hold the profile back, so recent growth is not broad-based across the business.

Ownership

★★★★★
Institutional ownership is 36.2% and approximately 71.6% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership of 26.63% supports management-shareholder alignment.

Top 5 Institutional Investors

Penderfund Capital Management Ltd 13.09%
PPM America, Inc. 2.06%
Ewing Morris & Co Investment Partners Ltd 2.00%
TD Waterhouse Canada Inc 1.36%
Connor Clark & Lunn Inv Mgmt Ltd 0.65%

Unit Economics (Per $1K Revenue)

★★★★★
SANG generates approximately $508 of gross profit, $-67 of operating income, and $110 of free cash flow for every $1,000 of revenue. Based on FY2026 results. Operating losses explain the 2-star rating, with weak cash conversion and weak capital efficiency.

Economic Dimensions

★★★★★
Effective Tax Rate: 6.30%

Quantitative Style Profile

★★★★★
SANG has a liquid profile. Weak momentum is the primary drawback.

Style Classification

Quality Focused

Value-OrientedSmall / Mid Cap RiskHighly Liquid / Institution-Friendly

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 153.83M USD
Price to earnings Ratio -
1Y Target Price 5.2
Price to earnings Ratio -
1Y Target Price 5.2
Volume (30-day avg) 148.2K shares
Beta 0.87
52 Weeks Range 3.40 - 5.42
Updated Date 11/10/2026
52 Weeks Range 3.40 - 5.42
Updated Date 11/10/2026
Dividends yield (FY) -
Basic EPS (TTM) -2.46

How Company Makes Money

Business areaWhat it includesRetail investor read
SubscriptionsUCaaS, CPaaS, and recurring software licenses.This is the core growth engine of the business.
Hardware & ServicesIP phones, gateways, and professional services.This supports legacy customers and provides an entry point for software sales.

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Valuation

Trailing PE -
Forward PE 370.37
Enterprise Value 170.34M
Price to Sales(TTM) 0.77
Enterprise Value 170.34M
Price to Sales(TTM) 0.77
Enterprise Value to Revenue 0.9
Enterprise Value to EBITDA 3.8
Shares Outstanding 33.51M
Shares Floating 23.98M
Shares Outstanding 33.51M
Shares Floating 23.98M
Percent Insiders 26.63
Percent Institutions 36.16

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

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