Sangoma Technologies

It looks like Sangoma Technologies stock is starting its upward climb today. The stock has been in the doldrums for five years. I'm personally hoping this will be the beginning of a spectacular price rise over the next year.

I've been buying their stock over the past two years so I have a lot of personal interest vested in this. (Please see my disclaimer.)

Sangoma is a small VoIP related company that competes with Digium in that amongst other products, they sell Asterisk-compatible PCI cards. Unlike Digium, they've been around since the mid 1980's and they've been a public company (STC.V) listed on the TSX Venture Exchange since 2000.

Their revenues are only about $4 million annually. They have no debt and they have been declaring an annual dividend for the past three years. They have about 26 million shares outstanding and until today, the shares were typically selling for under 30 cents each.

Today there was a cross of one million shares. Someone big may be interested. I believe Sangoma's quarterly numbers are due in the next couple of weeks. I would think demand for their products is rising quite quickly. It could get interesting this month. I'll write more about them in the near future.