NYSE:VGVonage Stock Price, Forecast & News

$10.71

-0.05 (-0.46 %)

(As of 06/5/2020 04:00 PM ET)

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Today's Range

$10.64

Now: $10.71▼

$11.00

50-Day Range

$7.69

MA: $8.87▼

$10.05

52-Week Range

$4.18

Now: $10.71▼

$13.75

Volume3.35 million shs

Average Volume4.06 million shs

Market Capitalization$2.63 billion

P/E Ratio33.47

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.

Beat the Market (BTM) Rank^™

3.5 Analyst's Opinion

Consensus Rating
Vonage has received a consensus rating of Buy. The company's average rating score is 2.92, and is based on 12 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.42, Vonage has a potential upside of 15.9% from its current price of $10.71.
Amount of Analyst Coverage
Vonage has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.7 Community Rank

Outperform Votes
Vonage has received 417 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Vonage has received 343 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Vonage has received 54.87% “outperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
Vonage does not currently pay a dividend.
Dividend Growth
Vonage does not have a long track record of dividend growth.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Vonage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,118,848.00 in company stock.
Percentage Held by Insiders
Only 7.41% of the stock of Vonage is held by insiders.
Percentage Held by Institutions
89.95% of the stock of Vonage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Vonage are expected to grow by 5.26% in the coming year, from $0.19 to $0.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Vonage is 33.47, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 16.35.
Price to Earnings Ratio vs. Sector
The P/E ratio of Vonage is 33.47, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 40.22.
Price to Earnings Growth Ratio
Vonage has a PEG Ratio of 7.55. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Vonage has a P/B Ratio of 4.78. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.68 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Telephone communication, except radio

Sub-IndustryAlternative Carriers

SectorComputer and Technology

Current SymbolNYSE:VG

Previous Symbol

CUSIP92886T20

CIK1272830

Webwww.vonage.com

Phone732-528-2600

Debt

Debt-to-Equity Ratio1.04

Current Ratio0.68

Quick Ratio0.68

Price-To-Earnings

Trailing P/E Ratio33.47

Forward P/E Ratio56.37

P/E Growth7.55

Sales & Book Value

Annual Sales$1.05 billion

Price / Sales2.51

Cash Flow$0.98 per share

Price / Cash Flow10.90

Book Value$2.24 per share

Price / Book4.78

Profitability

EPS (Most Recent Fiscal Year)$0.32

Net Income$35.73 million

Net Margins-2.09%

Return on Equity7.84%

Return on Assets3.20%

Miscellaneous

Employees2,248

Outstanding Shares245,368,000

Market Cap$2.63 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, VG stock has increased by 47.7% and is now trading at $10.71. 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 1 hold rating and 12 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) posted its quarterly earnings data on Thursday, May, 7th. The technology company reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.04. The technology company earned $297.46 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 EPS. 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 earnings per share 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 equities research analysts have issued 12 month price targets for Vonage's stock. Their forecasts range from $9.50 to $16.50. On average, they expect Vonage's stock price to reach $12.42 in the next twelve months. This suggests a possible upside of 15.9% 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. " (2/22/2020)
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)
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?

Headlines about VG stock have been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news 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 negative five to five, with scores nearest to five being the most favorable. Vonage earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near future. View the latest news aboutVonage.

Who are some of Vonage's key competitors?

Some companies that are related to Vonage include Cogent Communications (CCOI), Iridium Communications (IRDM), 8X8 (EGHT), ORBCOMM (ORBC) and Towerstream (TWER). View all 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 BlackRock Inc. (12.85%), Janus Henderson Group PLC (4.96%), First Trust Advisors LP (4.71%), State Street Corp (3.04%), Legion Partners Asset Management LLC (2.58%) and Nuveen Asset Management LLC (1.40%). 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, 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 Capital Research Global Investors, Morgan Stanley, Morgan Stanley, Deutsche Bank AG, BlackRock Inc., Provenire Capital LLC, Federated Hermes Inc., and Portolan Capital Management LLC. 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 purchased by a variety of institutional investors in the last quarter, including Janus Henderson Group PLC, First Trust Advisors LP, Legion Partners Asset Management LLC, Artemis Investment Management LLP, Artemis Investment Management LLP, RK Capital Management LLC, Cramer Rosenthal Mcglynn LLC, and State Street Corp. 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 $10.71.

How big of a company is Vonage?

Vonage has a market capitalization of $2.63 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 6/5/2020 by MarketBeat.com Staff