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NYSE:VGVonage Stock Price, Forecast & News

$12.53
+0.01 (+0.08 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$12.27
Now: $12.53
$12.71
50-Day Range
$9.44
MA: $10.84
$12.74
52-Week Range
$4.18
Now: $12.53
$13.75
Volume3.51 million shs
Average Volume3.78 million shs
Market Capitalization$3.07 billion
P/E Ratio39.16
Dividend YieldN/A
Beta0.1
Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based Unified Communications as a Service solutions, such as integrated voice, text, video, data, collaboration, contact center, and mobile applications through flexible, scalable Session Initiation protocol based VoIP network; Communications Platform as a Service solutions to developers designed to enhance the businesses communicate with customers by embedding communications into apps, Websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services. The Consumer segment provides home telephone services through various service plans with basic features, including voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. It also offers Vonage World and Vonage North America consumer plans. In addition, the company provides Vonage-enabled devices, which allow customers to use the Internet connection for their computer and telephones at the same time; and high-speed broadband Internet service that allows calls over the Internet either from a telephone through a Vonage-enabled device, or through soft phone software, or mobile client applications. Further, it sells its products through its sales agents, Websites, and toll free numbers for consumers and businesses in the United States, Canada, the United Kingdom, the European Union, and Asia. The company was incorporated in 2000 and is headquartered in Holmdel, New Jersey.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.8Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.49 out of 5 stars


Industry, Sector and Symbol

Industry Telephone communication, except radio
Sub-IndustryAlternative Carriers
CUSIP92886T20
Phone732-528-2600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$1.15 per share
Book Value$2.24 per share

Profitability

Net Income$35.73 million

Miscellaneous

Employees2,248
Market Cap$3.07 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$12.53
+0.01 (+0.08 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Vonage (NYSE:VG) Frequently Asked Questions

How has Vonage's stock been impacted by COVID-19 (Coronavirus)?

Vonage's stock was trading at $7.25 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, VG shares have increased by 72.8% and is now trading at $12.53.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Vonage?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vonage in the last year. There are currently 3 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Vonage
.

When is Vonage's next earnings date?

Vonage is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Vonage
.

How were Vonage's earnings last quarter?

Vonage Holdings Corp. (NYSE:VG) posted its earnings results on Thursday, August, 6th. The technology company reported $0.04 EPS for the quarter, hitting the Zacks' consensus estimate of $0.04. The technology company had revenue of $310.53 million for the quarter, compared to analysts' expectations of $295.32 million. Vonage had a negative net margin of 2.09% and a positive return on equity of 7.84%. Vonage's quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share.
View Vonage's earnings history
.

What guidance has Vonage issued on next quarter's earnings?

Vonage issued an update on its FY 2020 Pre-Market earnings guidance on Thursday, August, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.215-1.23 billion, compared to the consensus revenue estimate of $1.19 billion.

What price target have analysts set for VG?

14 brokers have issued twelve-month price targets for Vonage's shares. Their forecasts range from $9.50 to $16.50. On average, they anticipate Vonage's share price to reach $13.23 in the next year. This suggests a possible upside of 5.6% from the stock's current price.
View analysts' price targets for Vonage
.

Has Vonage been receiving favorable news coverage?

Media stories about VG stock have been trending very positive on Saturday, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Vonage earned a news sentiment score of 4.0 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Vonage
.

Who are some of Vonage's key competitors?

What other stocks do shareholders of Vonage own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Vonage investors own include Progenics Pharmaceuticals (PGNX), Caterpillar (CAT), Imax (IMAX), Advanced Micro Devices (AMD), Bank of America (BAC), Baozun (BZUN), Micron Technology (MU), AT&T (T), Apple Hospitality REIT (APLE) and Walt Disney (DIS).

Who are Vonage's key executives?

Vonage's management team includes the following people:
  • Mr. Jeffrey Adam Citron, Founder & Non-Exec. Chairman (Age 48)
  • Mr. Alan B. Masarek, CEO & Director (Age 58)
  • Mr. David T. Pearson, CFO & Treasurer (Age 53)
  • Mr. Omar Javaid, Chief Product Officer (Age 47)
  • Mr. David Levi, Sr. VP, Controller & Principal Accounting Officer (Age 58)

What is Vonage's stock symbol?

Vonage trades on the New York Stock Exchange (NYSE) under the ticker symbol "VG."

Who are Vonage's major shareholders?

Vonage's stock is owned by many different retail and institutional investors. Top institutional shareholders include First Trust Advisors LP (3.23%), TimesSquare Capital Management LLC (1.29%), Principal Financial Group Inc. (0.72%), Assenagon Asset Management S.A. (0.65%), Emerald Advisers LLC (0.40%) and Emerald Mutual Fund Advisers Trust (0.37%). Company insiders that own Vonage stock include Alan Masarek, David Levi, David T Pearson, Jayesh Patel, Jeffrey A Citron, Omar Muhammad Javaid, Randy K Rutherford, Sagi Dudai and Vinod Lala.
View institutional ownership trends for Vonage
.

Which major investors are selling Vonage stock?

VG stock was sold by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Trexquant Investment LP, Chartwell Investment Partners LLC, CSat Investment Advisory L.P., Profund Advisors LLC, Hancock Whitney Corp, Texas Permanent School Fund, and Fifth Third Bancorp. Company insiders that have sold Vonage company stock in the last year include Alan Masarek, David Levi, David T Pearson, Jayesh Patel, Jeffrey A Citron, Randy K Rutherford, Sagi Dudai, and Vinod Lala.
View insider buying and selling activity for Vonage
.

Which major investors are buying Vonage stock?

VG stock was purchased by a variety of institutional investors in the last quarter, including TimesSquare Capital Management LLC, Assenagon Asset Management S.A., Emerald Advisers LLC, Emerald Mutual Fund Advisers Trust, Duality Advisers LP, Raymond James & Associates, CWM LLC, and NN Investment Partners Holdings N.V..
View insider buying and selling activity for Vonage
.

How do I buy shares of Vonage?

Shares of VG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Vonage's stock price today?

One share of VG stock can currently be purchased for approximately $12.53.

How big of a company is Vonage?

Vonage has a market capitalization of $3.07 billion and generates $1.05 billion in revenue each year. The technology company earns $35.73 million in net income (profit) each year or $0.32 on an earnings per share basis. Vonage employs 2,248 workers across the globe.

What is Vonage's official website?

The official website for Vonage is www.vonage.com.

How can I contact Vonage?

Vonage's mailing address is 23 MAIN STREET, HOLMDEL NJ, 07733. The technology company can be reached via phone at 732-528-2600 or via email at [email protected]

This page was last updated on 8/8/2020 by MarketBeat.com Staff

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