Wall Street analysts forecast that Vonage Holdings Corp. (NYSE:VG) will announce $0.07 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Vonage Holdings Corp.’s earnings, with estimates ranging from $0.04 to $0.10. Vonage Holdings Corp. reported earnings per share of $0.08 during the same quarter last year, which indicates a negative year-over-year growth rate of 12.5%. The business is scheduled to issue its next earnings report before the market opens on Tuesday, November 7th.

According to Zacks, analysts expect that Vonage Holdings Corp. will report full year earnings of $0.28 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.32. For the next fiscal year, analysts anticipate that the business will post earnings of $0.27 per share, with EPS estimates ranging from $0.24 to $0.30. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Vonage Holdings Corp..

Several research firms have commented on VG. FBN Securities downgraded Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 price objective for the company. in a research note on Thursday, August 10th. Zacks Investment Research raised Vonage Holdings Corp. from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Robert W. Baird reaffirmed a “buy” rating and set a $9.00 price objective on shares of Vonage Holdings Corp. in a research note on Friday, October 20th. Northland Securities reaffirmed a “buy” rating and set a $9.50 price objective on shares of Vonage Holdings Corp. in a research note on Tuesday, September 5th. Finally, BidaskClub raised Vonage Holdings Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $9.16.

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In other Vonage Holdings Corp. news, Director Jeffrey A. Citron sold 138,303 shares of the business’s stock in a transaction that occurred on Tuesday, October 17th. The stock was sold at an average price of $8.15, for a total transaction of $1,127,169.45. Following the transaction, the director now owns 12,676,047 shares in the company, valued at approximately $103,309,783.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 12,670,751 shares in the company, valued at approximately $102,759,790.61. The disclosure for this sale can be found here. Insiders have sold a total of 1,581,392 shares of company stock worth $12,777,047 in the last quarter. 14.05% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. World Asset Management Inc acquired a new position in Vonage Holdings Corp. during the 3rd quarter worth approximately $112,000. Bayesian Capital Management LP acquired a new position in Vonage Holdings Corp. during the 2nd quarter worth approximately $118,000. Quantitative Systematic Strategies LLC increased its position in Vonage Holdings Corp. by 19.0% during the 2nd quarter. Quantitative Systematic Strategies LLC now owns 19,671 shares of the technology company’s stock worth $131,000 after purchasing an additional 3,136 shares during the period. Karp Capital Management Corp acquired a new position in Vonage Holdings Corp. during the 1st quarter worth approximately $126,000. Finally, Eqis Capital Management Inc. grew its holdings in shares of Vonage Holdings Corp. by 4.2% in the 2nd quarter. Eqis Capital Management Inc. now owns 20,043 shares of the technology company’s stock worth $131,000 after acquiring an additional 813 shares during the period. Institutional investors own 79.06% of the company’s stock.

Shares of Vonage Holdings Corp. (VG) opened at $8.03 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.59 and a current ratio of 0.61. The company has a market capitalization of $1.83 billion, a P/E ratio of 34.61, a price-to-earnings-growth ratio of 5.74 and a beta of -0.14. Vonage Holdings Corp. has a one year low of $5.74 and a one year high of $8.69.

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

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