TSX:STC - Post Discussion
Post by
retiredcf on Sep 28, 2022 12:47pm
More BMO Details
BMO’s Deepak Kaushal to $20 from $30 with an “outperform” rating.
“We cut our valuation and target price to reflect the ongoing correction in tech stocks, and trimmed our forecasts to reflect new accounting treatment for legacy Star2Star revenue, ongoing supply-chain constraints, and signs of slowing customer activity levels. That said, we continue to believe Sangoma is executing well on its longterm strategy and see good synergy opportunities with acquisitions of Star2Star and NetFortris. Furthermore, we believe valuation is attractive, but recognize management must meet or exceed its F2023 guidance to improve investor sentiment. We think patience will be rewarded,” he said.
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