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NYSE:VGVonage Stock Price, Forecast & News

$11.04
-0.35 (-3.07 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$11.01
Now: $11.04
$11.48
50-Day Range
$9.18
MA: $9.92
$11.39
52-Week Range
$4.18
Now: $11.04
$13.75
Volume2.03 million shs
Average Volume3.95 million shs
Market Capitalization$2.71 billion
P/E Ratio34.50
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: 3.4Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.67 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$1.01 per share
Book Value$2.24 per share

Profitability

Net Income$35.73 million

Miscellaneous

Employees2,248
Market Cap$2.71 billion
Next Earnings Date8/4/2020 (Estimated)
OptionableOptionable

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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 reached pandemic status according to the World Health Organization. Since then, VG stock has increased by 52.3% and is now trading at $11.04. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Vonage?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Vonage in the last year. There are currently 2 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 Tuesday, August 4th 2020. View our earnings forecast for Vonage.

How were Vonage's earnings last quarter?

Vonage Holdings Corp. (NYSE:VG) released its quarterly earnings results on Thursday, May, 7th. The technology company reported $0.05 EPS for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.04. The technology company earned $297.46 million during the quarter, compared to analysts' expectations of $277.32 million. Vonage had a negative net margin of 2.09% and a positive return on equity of 7.84%. The firm's quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.06 earnings per share. View Vonage's earnings history.

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

Vonage issued an update on its second quarter 2020 Pre-Market earnings guidance on Thursday, May, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $295-298 million, compared to the consensus revenue estimate of $292.63 million.

What price target have analysts set for VG?

13 brokers have issued 1-year target prices for Vonage's shares. Their forecasts range from $9.50 to $16.50. On average, they expect Vonage's stock price to reach $12.54 in the next twelve months. This suggests a possible upside of 13.6% from the stock's current price. View analysts' price targets 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. " (7/4/2020)
  • 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)

Has Vonage been receiving favorable news coverage?

News coverage about VG stock has trended somewhat negative on Saturday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Vonage earned a news impact score of -1.2 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the near future. 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 a number of institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.09%) and Envestnet Asset Management Inc. (0.03%). 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, Stephen Fisher 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 Envestnet Asset Management Inc.. 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, and Randy K Rutherford. View insider buying and selling activity for Vonage.

Which major investors are buying Vonage stock?

VG stock was bought by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue. 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 $11.04.

How big of a company is Vonage?

Vonage has a market capitalization of $2.71 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 7/11/2020 by MarketBeat.com Staff

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