Sangoma Announces Fourth Quarter and Fiscal Year 2024 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Source: Newsfilter
Financial Performance: Sangoma Technologies Corporation reported a 67% year-over-year increase in net cash provided by operating activities, achieving fiscal year guidance with total revenue of $247.3 million and Adjusted EBITDA of $42.6 million for FY2024.
Future Outlook: The company anticipates revenue between $250 million to $260 million and Adjusted EBITDA from $42 million to $46 million for fiscal 2025, while continuing to focus on debt reduction and operational efficiency.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy STC?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on STC
Wall Street analysts forecast STC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for STC is 81.50 USD with a low forecast of 81.00 USD and a high forecast of 82.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
0 Buy
2 Hold
0 Sell
Hold
Current: 67.910
Low
81.00
Averages
81.50
High
82.00
Current: 67.910
Low
81.00
Averages
81.50
High
82.00
About STC
Stewart Information Services Corporation is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers and family of companies. It provides services to homebuyers and sellers, residential and commercial real estate professionals, and others. Its segments include title insurance and related services, real estate solutions, and corporate. Title insurance and related services segment includes the functions of searching, examining, closing and insuring the condition of the title to real property. This segment includes home and personal insurance services, Internal Revenue Code Section 1031 tax-deferred (Section 1031) exchanges, and digital customer engagement platform services. Real estate solutions segment supports the real estate mortgage industry by primarily providing credit and real estate information services, valuation management services, online notarization and closing solutions, and search services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
PropStream Launches PropStream Pros Video and Podcast Series
- Educational Mission Continuation: PropStream's newly launched PropStream Pros series aims to support real estate professionals' growth and learning through authentic conversations and shared experiences, reflecting the company's ongoing commitment to education.
- Multi-Platform Availability: The series is now available on major streaming platforms such as YouTube, Spotify, Apple Podcasts, and Amazon Music, enabling real estate practitioners to access industry insights anytime and anywhere, enhancing their market adaptability.
- Real Experience Sharing: Season 1 brings together diverse voices from the real estate industry, emphasizing the importance of learning and adapting in a changing market, helping professionals gain insights from others' successes and failures.
- Future Development Plans: Season 2 of PropStream Pros is set to launch on January 15, 2026, continuing to provide new perspectives and insights, further promoting the dissemination and development of real estate education to help industry professionals tackle future challenges.
Continue Reading
PropStream Launches New Dialing Workflows and Enhanced Skip Tracing
- Dialing Workflow Innovation: PropStream has launched two new dialing workflows that simplify the process for real estate professionals from property research to actual conversations, enhancing user efficiency and communication capabilities.
- Skip Tracing Experience Enhancement: The updated skip tracing feature allows users easier access to third-party data, combined with flexible dialing options, significantly reducing manual steps and improving contact data clarity.
- Compliance Indicator Improvement: The new system includes built-in compliance indicators that support workflows for individual investors, agents, and high-volume outreach teams, ensuring adherence to relevant regulations during calls.
- AI-Supported Smart Prompts: With built-in AI prompts, PropStream users can connect with property owners more quickly, accelerating the deal process and enabling real estate professionals to achieve their goals more efficiently.
Continue Reading