Sangoma Technologies Corporation (SANG) Soars 5.8%: Is Further Upside Left in the Stock?

Company Overview - Sangoma Technologies Corporation (SANG) shares increased by 5.8% to close at $7.80, supported by strong trading volume, which was significantly higher than usual [1] - The stock has gained 5.3% over the past four weeks, indicating a positive trend [1] - Sangoma's growth strategy focuses on expanding its customer base, increasing revenue through strategic deals, and enhancing financial flexibility via strong cash flow and debt reduction [1] Earnings Expectations - The company is projected to report a quarterly loss of $0.03 per share, reflecting a year-over-year improvement of +70% [2] - Expected revenues for the upcoming quarter are $62.59 million, which is a 0.5% increase compared to the same quarter last year [2] - The consensus EPS estimate for Sangoma has remained unchanged over the last 30 days, suggesting stability in earnings expectations [3] Industry Context - Sangoma is part of the Zacks Internet - Software industry, which includes other companies like Udemy, Inc. (UDMY) [3] - Udemy's consensus EPS estimate has also remained unchanged at $0.07, representing a significant year-over-year change of +250% [4] - Both Sangoma and Udemy currently hold a Zacks Rank of 3 (Hold), indicating a neutral outlook for these stocks [3][4]