Vonage Stock Price, News & Analysis (NYSE:VG)

$12.23
-0.25 (-2.00 %)
(As of 09/22/2019 04:00 PM ET)
Today's Range
$12.13
Now: $12.23
$12.52
50-Day Range
$11.82
MA: $12.96
$13.64
52-Week Range
$7.91
Now: $12.23
$14.59
Volume3.68 million shs
Average Volume1.74 million shs
Market Capitalization$2.96 billion
P/E Ratio38.22
Dividend YieldN/A
Beta0.26
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.05 billion
Cash Flow$0.6661 per share
Book Value$2.24 per share

Profitability

Net Income$35.73 million

Miscellaneous

Employees2,248
Market Cap$2.96 billion
Next Earnings Date11/1/2019 (Estimated)
OptionableOptionable

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Vonage (NYSE:VG) Frequently Asked Questions

What is Vonage's stock symbol?

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

How were Vonage's earnings last quarter?

Vonage Holdings Corp. (NYSE:VG) released its quarterly earnings data on Tuesday, August, 6th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.04 by $0.04. The technology company earned $298 million during the quarter, compared to analysts' expectations of $291.52 million. Vonage had a return on equity of 12.53% and a net margin of 0.60%. Vonage's revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.07 earnings per share. View Vonage's Earnings History.

When is Vonage's next earnings date?

Vonage is scheduled to release their next quarterly earnings announcement on Friday, November 1st 2019. View Earnings Estimates for Vonage.

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

Vonage issued an update on its third quarter 2019 earnings guidance on Tuesday, August, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $302-305 million, compared to the consensus revenue estimate of $298.26 million.

What price target have analysts set for VG?

10 equities research analysts have issued 12-month target prices for Vonage's shares. Their forecasts range from $10.00 to $19.00. On average, they anticipate Vonage's stock price to reach $15.75 in the next twelve months. This suggests a possible upside of 28.8% from the stock's current price. View Analyst Price Targets for Vonage.

What is the consensus analysts' recommendation for Vonage?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vonage in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Vonage.

What are Wall Street analysts saying about Vonage stock?

Here are some recent quotes from research analysts about Vonage stock:
  • 1. According to Zacks Investment Research, "Vonage is redefining communications by offering consumers and small businesses an affordable alternative to traditional telephone service. The fastest growing telephony company in North America, Vonage's service area encompasses more than 2000 active rate centers in over 130 global markets. Vonage is sold directly through their website and retail partners such as SAM's Club, Amazon.com, RadioShack, Best Buy, Circuit City, Staples, Fry's Electronics and Office Depot. Wholesale partners such as EarthLink, ARMSTRONG(R), Advanced Cable Communications and the Coldwater Board of Public Utilities resell the Vonage broadband phone service under their own unique brands. With more than 300,000 lines in service, Vonage continues to add more than 30,000 lines per month to its network. Over 10 million calls per week are made using Vonage, the easy-to-use, feature-rich, flat rate phone service. " (8/15/2019)
  • 2. Stephens analysts commented, "We assume coverage with an Overweight/Vol. rating. Our estimates and price target are under review. For the quarter, 2Q19 results were better than consensus and our expectations. Nexmo (API Platform service revenue) revenue of $78.1 mil. beat our estimate by ~$7.0 mil. (+49% YoY GAAP). Business revenue came in at ~$200 mil. (GAAP; +35% YoY) above our estimate of $195 mil. Consumer revenue of $98 mil. was also above our $96 mil. estimate. Overall revenue was ~$6.7 mil. above consensus. Adjusted OIBDA of $37.5 mil. beat consensus ($35.9 mil.) and our estimate ($35.8 mil.). 3Q19 revenue and adj. OIBDA guidance was also ahead of consensus expectations at $303.5 mil. (vs. Street $298.3 mil.) and $45.0 mil. (vs. Street $43.0 mil.), respectively. 3Q19 business revenue guidance was just ahead of Street expectations at $207 mil. (vs. $206.3 mil.)." (8/6/2019)
  • 3. Northland Securities analysts commented, "We review API/CPaaS list pricing quarterly. In 2Q Vonage/Nexmo raised list prices on 7 of the 9 services we track. This is the largest increase of any API/CPaaS provider we have monitored over the past 12 quarters. We view this data point as likely positive for trends in Vonage’s Nexmo business. We are comfortable with our $73 million API/CPaaS estimate for consensus is $71 million. VG is attractive with the CSaaS/ VBS segment overall getting only a 3.5x FY20 rev multiple. Key Points Price Increase. We track pricing for nine core API/CPaaS services across several key vendors, and have been doing so over the past 12 quarters. Of the nine services, six are in messaging and three voice. Current Vonage/ Nexmo pricing is higher on seven of the nine services tracked relative to March levels." (7/8/2019)

Has Vonage been receiving favorable news coverage?

Media coverage about VG stock has been trending somewhat negative this week, according to InfoTrie. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Vonage earned a news sentiment score of -1.3 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Vonage.

Are investors shorting Vonage?

Vonage saw a increase in short interest in the month of August. As of August 15th, there was short interest totalling 16,681,800 shares, an increase of 11.8% from the July 15th total of 14,926,600 shares. Based on an average daily volume of 3,230,000 shares, the days-to-cover ratio is currently 5.2 days. Currently, 7.4% of the shares of the stock are sold short. View Vonage's Current Options Chain.

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), Baozun (BZUN), Citius Pharmaceuticals (CTXR), Ingram Micro (IM), Advanced Micro Devices (AMD), Under Armour (UAA), Micron Technology (MU) and Cloudera (CLDR).

Who are Vonage's key executives?

Vonage's management team includes the folowing 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)

Who are Vonage's major shareholders?

Vonage's stock is owned by many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.84%), BlackRock Inc. (12.84%), Vanguard Group Inc. (10.41%), Scopia Capital Management LP (3.62%), First Trust Advisors LP (3.51%) and Nuveen Asset Management LLC (2.27%). Company insiders that own Vonage stock include Alan Masarek, Alexander Langer, David Levi, David T Pearson, Edward M Gilvar, Jayesh Patel, Jeffrey A Citron, Kenneth Wyatt, Omar Muhammad Javaid, Randy K Rutherford, Simon TP Ridgway, Stephen Fisher, Valerie Kahn 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 Panagora Asset Management Inc., Emerald Mutual Fund Advisers Trust, JPMorgan Chase & Co., Emerald Advisers LLC, Royal Bank of Canada, Cramer Rosenthal Mcglynn LLC, First Trust Advisors LP and AQR Capital Management LLC. Company insiders that have sold Vonage company stock in the last year include Alan Masarek, David Levi, David T Pearson, Jeffrey A Citron, Omar Muhammad Javaid, Randy K Rutherford and Vinod Lala. View Insider Buying and Selling for Vonage.

Which major investors are buying Vonage stock?

VG stock was acquired by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Point72 Asset Management L.P., Holocene Advisors LP, Vanguard Group Inc., Morgan Stanley, Castleark Management LLC, Allianz Asset Management GmbH and Legion Partners Asset Management LLC. Company insiders that have bought Vonage stock in the last two years include Alexander Langer and Simon TP Ridgway. View Insider Buying and Selling 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 $12.23.

How big of a company is Vonage?

Vonage has a market capitalization of $2.96 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.View Additional Information About Vonage.

What is Vonage's official website?

The official website for Vonage is http://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]


MarketBeat Community Rating for Vonage (NYSE VG)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  368 (Vote Outperform)
Underperform Votes:  313 (Vote Underperform)
Total Votes:  681
MarketBeat's community ratings are surveys of what our community members think about Vonage and other stocks. Vote "Outperform" if you believe VG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe VG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 9/22/2019 by MarketBeat.com Staff

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