Vonage (VG) to Release Quarterly Earnings on Wednesday

Vonage (NYSE:VG) is set to announce its earnings results before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.09 per share for the quarter.

Shares of Vonage (NYSE VG) opened at $11.19 on Monday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.63. The company has a market capitalization of $2,560.00, a PE ratio of 124.33, a PEG ratio of 6.52 and a beta of -0.04. Vonage has a 52 week low of $5.74 and a 52 week high of $11.32.

In related news, Director Jeffrey A. Citron sold 514,913 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $10.37, for a total transaction of $5,339,647.81. Following the completion of the sale, the director now directly owns 10,680,286 shares of the company’s stock, valued at approximately $110,754,565.82. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 238,303 shares of the stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $10.07, for a total value of $2,399,711.21. Following the sale, the director now directly owns 10,680,286 shares of the company’s stock, valued at $107,550,480.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,324,213 shares of company stock valued at $13,539,110. 14.05% of the stock is owned by company insiders.

A number of analysts have recently commented on VG shares. Craig Hallum reaffirmed a “buy” rating and issued a $11.00 price target (up from $10.00) on shares of Vonage in a research note on Tuesday, November 7th. Citigroup reaffirmed a “buy” rating and issued a $11.00 price target on shares of Vonage in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price target (up from $9.50) on shares of Vonage in a research note on Wednesday, November 8th. Oppenheimer upped their price target on Vonage from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research raised Vonage from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research note on Saturday, November 11th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $10.30.

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Vonage Company Profile

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.

Earnings History for Vonage (NYSE:VG)

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Vonage (VG) to Release Quarterly Earnings on Wednesday

Vonage (NYSE:VG) is scheduled to post its quarterly earnings results before the market opens on Wednesday, February 21st. Analysts expect Vonage to post earnings of $0.09 per share for the quarter.

Shares of Vonage (NYSE VG) opened at $11.19 on Monday. Vonage has a 52 week low of $5.74 and a 52 week high of $11.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64. The stock has a market capitalization of $2,560.00, a P/E ratio of 124.33, a P/E/G ratio of 6.52 and a beta of -0.04.

Several brokerages have recently weighed in on VG. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target (up from $9.50) on shares of Vonage in a research note on Wednesday, November 8th. Robert W. Baird reaffirmed a “buy” rating on shares of Vonage in a research note on Friday, November 17th. Summit Redstone reaffirmed a “hold” rating on shares of Vonage in a research note on Friday, February 9th. Oppenheimer raised their price target on shares of Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research cut shares of Vonage from a “buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $10.30.

In other news, insider Edward M. Gilvar sold 17,778 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total value of $173,513.28. Following the completion of the sale, the insider now owns 29,199 shares of the company’s stock, valued at approximately $284,982.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey A. Citron sold 138,303 shares of the stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $10.14, for a total value of $1,402,392.42. Following the completion of the sale, the director now directly owns 10,676,047 shares of the company’s stock, valued at approximately $108,255,116.58. The disclosure for this sale can be found here. Insiders have sold a total of 1,324,213 shares of company stock valued at $13,539,110 over the last ninety days. Company insiders own 14.05% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Vonage (VG) to Release Quarterly Earnings on Wednesday” was originally published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this article on another publication, it was stolen and reposted in violation of US and international trademark & copyright laws. The correct version of this article can be viewed at https://stocknewstimes.com/2018/02/19/vonage-vg-to-release-quarterly-earnings-on-wednesday.html.

About Vonage

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network.

Earnings History for Vonage (NYSE:VG)

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