Vonage Holdings Corp. (NYSE:VG) Set to Announce Earnings on Monday
Vonage Holdings Corp. (NYSE:VG) will release its earnings data before the market opens on Monday, July 31st. Analysts expect Vonage Holdings Corp. to post earnings of $0.06 per share for the quarter.
Vonage Holdings Corp. (NYSE:VG) last announced its quarterly earnings data on Tuesday, May 9th. The technology company reported $0.06 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.06. Vonage Holdings Corp. had a net margin of 1.63% and a return on equity of 13.56%. The business had revenue of $243.30 million during the quarter, compared to the consensus estimate of $242.40 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect Vonage Holdings Corp. to post $0.28 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Shares of Vonage Holdings Corp. (NYSE VG) opened at 6.58 on Monday. Vonage Holdings Corp. has a 12 month low of $5.43 and a 12 month high of $7.88. The company’s 50 day moving average is $6.72 and its 200-day moving average is $6.65. The company has a market cap of $1.46 billion, a P/E ratio of 107.87 and a beta of -0.01.
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A number of analysts have weighed in on VG shares. Zacks Investment Research downgraded shares of Vonage Holdings Corp. from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. William Blair reaffirmed an “outperform” rating on shares of Vonage Holdings Corp. in a report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $8.15.
In other news, SVP Mcgonigal Graham sold 45,000 shares of the firm’s stock in a transaction dated Wednesday, May 3rd. The shares were sold at an average price of $7.00, for a total transaction of $315,000.00. Following the completion of the transaction, the senior vice president now directly owns 190,096 shares of the company’s stock, valued at approximately $1,330,672. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $6.77, for a total transaction of $2,808,961.01. Following the transaction, the director now directly owns 12,664,157 shares of the company’s stock, valued at $85,736,342.89. The disclosure for this sale can be found here. Insiders have sold a total of 4,154,375 shares of company stock valued at $28,881,119 over the last ninety days. 14.05% of the stock is owned by insiders.
About Vonage Holdings Corp.
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.
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