Vonage Holdings Corp. (NYSE:VG) is scheduled to be releasing its earnings data before the market opens on Tuesday, November 7th. Analysts expect Vonage Holdings Corp. to post earnings of $0.07 per share for the quarter.

Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. Vonage Holdings Corp. had a return on equity of 12.40% and a net margin of 2.00%. The firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $242.05 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. On average, analysts expect Vonage Holdings Corp. to post $0.28 EPS for the current fiscal year and $0.27 EPS for the next fiscal year.

Vonage Holdings Corp. (NYSE VG) traded up 0.62% on Tuesday, hitting $8.10. The stock had a trading volume of 178,622 shares. The firm has a market cap of $1.84 billion, a PE ratio of 101.25 and a beta of -0.11. Vonage Holdings Corp. has a 52-week low of $5.74 and a 52-week high of $8.69. The company has a 50-day moving average price of $8.13 and a 200 day moving average price of $7.33.

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In related news, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $8.11, for a total value of $3,364,944.43. Following the completion of the transaction, the director now owns 12,670,751 shares in the company, valued at approximately $102,759,790.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO David T. Pearson sold 198,350 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $8.07, for a total value of $1,600,684.50. Following the completion of the transaction, the chief financial officer now owns 216,119 shares of the company’s stock, valued at approximately $1,744,080.33. The disclosure for this sale can be found here. Insiders sold a total of 1,581,392 shares of company stock valued at $12,777,047 in the last three months. Insiders own 14.05% of the company’s stock.

Several analysts have issued reports on VG shares. Robert W. Baird reaffirmed a “buy” rating and set a $9.00 target price on shares of Vonage Holdings Corp. in a research report on Friday, October 20th. Northland Securities reissued a “buy” rating and issued a $9.50 price objective on shares of Vonage Holdings Corp. in a research report on Thursday, October 12th. Needham & Company LLC reissued a “buy” rating and issued a $9.50 price objective on shares of Vonage Holdings Corp. in a research report on Wednesday, September 27th. Citigroup Inc. reissued a “buy” rating and issued a $9.75 price objective on shares of Vonage Holdings Corp. in a research report on Wednesday, September 13th. Finally, BidaskClub raised Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research report on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $9.16.

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.

Earnings History for Vonage Holdings Corp. (NYSE:VG)

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