Analysts expect Vonage Holdings Corp. (NYSE:VG) to report sales of $254.42 million for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Vonage’s earnings. The highest sales estimate is $257.70 million and the lowest is $253.04 million. Vonage reported sales of $246.76 million during the same quarter last year, which indicates a positive year-over-year growth rate of 3.1%. The company is scheduled to issue its next quarterly earnings results on Tuesday, February 13th.

On average, analysts expect that Vonage will report full year sales of $254.42 million for the current year, with estimates ranging from $1.00 billion to $1.01 billion. For the next fiscal year, analysts expect that the company will report sales of $1.03 billion per share, with estimates ranging from $1.02 billion to $1.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Vonage.

Vonage (NYSE:VG) last released its earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.07. The firm had revenue of $253.10 million during the quarter, compared to the consensus estimate of $249.02 million. Vonage had a net margin of 2.14% and a return on equity of 11.47%. The company’s revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.09 EPS.

Several research firms recently commented on VG. Robert W. Baird reaffirmed a “buy” rating and set a $11.00 target price on shares of Vonage in a report on Wednesday, January 3rd. Oppenheimer lifted their price target on shares of Vonage from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Northland Securities reissued a “buy” rating and set a $9.50 price target on shares of Vonage in a research report on Thursday, October 12th. Needham & Company LLC reissued a “buy” rating and set a $9.50 price target on shares of Vonage in a research report on Wednesday, September 27th. Finally, Craig Hallum reissued a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Vonage in a research report on Tuesday, November 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $10.30.

In other Vonage news, Director Jeffrey A. Citron sold 514,913 shares of Vonage stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $10.37, for a total value of $5,339,647.81. Following the completion of the transaction, the director now directly owns 10,680,286 shares of the company’s stock, valued at $110,754,565.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey A. Citron sold 414,913 shares of Vonage stock in a transaction dated Thursday, October 19th. The stock was sold at an average price of $8.12, for a total transaction of $3,369,093.56. Following the completion of the transaction, the director now directly owns 12,676,047 shares of the company’s stock, valued at $102,929,501.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,292,342 shares of company stock valued at $21,885,764. 14.05% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of VG. World Asset Management Inc bought a new stake in Vonage during the third quarter valued at approximately $112,000. Bayesian Capital Management LP purchased a new position in shares of Vonage during the 2nd quarter worth $118,000. CIBC Asset Management Inc purchased a new position in shares of Vonage during the 3rd quarter worth $148,000. Crossmark Global Holdings Inc. purchased a new position in shares of Vonage during the 3rd quarter worth $177,000. Finally, SG Americas Securities LLC raised its holdings in shares of Vonage by 108.4% during the 2nd quarter. SG Americas Securities LLC now owns 24,416 shares of the technology company’s stock worth $160,000 after acquiring an additional 12,701 shares during the period. 83.99% of the stock is owned by institutional investors and hedge funds.

Vonage (VG) traded up $0.35 during mid-day trading on Tuesday, hitting $10.96. 2,540,700 shares of the company traded hands, compared to its average volume of 1,783,533. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.63 and a current ratio of 0.64. Vonage has a 52 week low of $5.74 and a 52 week high of $11.00. The company has a market cap of $2,506.24, a price-to-earnings ratio of 137.02, a P/E/G ratio of 6.45 and a beta of -0.05.

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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.

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