As previously reported, Stifel initiated coverage of Sangoma Technologies (SANG) with a Buy rating and C$12 price target A strategic business transformation with new leadership has “revealed a leaner and meaner Sangoma,” positioning the company for stronger market share gains in the unified business communications space, the analyst tells investors. Recent product and go-to-market changes and de-emphasis of lower-quality revenues have pressured revenue growth, but the firm sees a setup for higher-value, higher margin, recurring revenues ahead with multiple organic and inorganic levers to drive a rebound in revenue growth, the analyst added.
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