As previously reported yesterday morning, Canaccord downgraded Sangoma Technologies (SANG) to Hold from Speculative Buy with a price target of $4, down from $9, after the company reported a “lackluster set” of fiscal Q3 results. Sangoma reduced its FY26 guidance to reflect a more uncertain environment and kicked off a strategic review to consider a wide range of options to unlock shareholder value, the analyst noted. While the firm expects the news of a strategic review to be a positive, it is “more concerned” on the impact of longer transition and pricing pressure on UCaaS/CPaaS, the analyst added.
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