From Nasdaq: 2024-09-18 18:20:02

Sangoma Technologies Corporation (SANG) reported a quarterly loss of $0.05 per share, missing the Zacks Consensus Estimate of a loss of $0.04. Revenues were $60.93 million for the quarter, slightly beating estimates by 0.07%. The stock has gained 87.8% this year. Future performance will depend on management’s commentary and earnings outlook.

Looking ahead, Sangoma Technologies Corporation’s estimate revisions trend is favorable. The current Zacks Rank is #2 (Buy), indicating potential market outperformance. Earnings estimates for the upcoming quarter and fiscal year are -$0.04 and -$0.10 per share, respectively. Industry outlook is positive, with Internet – Software ranking in the top 30% of Zacks industries.

Karooooo Ltd. (KARO), also in the Internet – Software industry, is expected to report earnings of $0.38 per share for the quarter, a +26.7% YoY change. Revenue estimates are $60.26 million, up 7.5% from last year. Global demand for semiconductors is expected to surge, with the sector projected to grow from $452 billion in 2021 to $803 billion by 2028.

Zacks has identified a #1 semiconductor stock with growth potential in Artificial Intelligence, Machine Learning, and IoT markets. Global semiconductor manufacturing is forecasted to increase significantly, presenting an opportunity for investors. This stock is positioned for growth amidst high demand in these tech sectors.



Read more at Nasdaq: Sangoma Technologies Corporation (SANG) Reports Q4 Loss, Tops Revenue Estimates