Vonage (VG) to Release Earnings on Wednesday

Vonage (NYSE:VG) will be releasing its earnings data before the market opens on Wednesday, February 21st. Analysts expect Vonage to post earnings of $0.09 per share for the quarter.

Vonage (VG) opened at $10.70 on Wednesday. The firm has a market capitalization of $2,430.00, a P/E ratio of 118.89, a PEG ratio of 6.18 and a beta of -0.04. Vonage has a 1 year low of $5.74 and a 1 year high of $11.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.64 and a quick ratio of 0.63.

In other Vonage news, Director Jeffrey A. Citron sold 514,913 shares of Vonage stock in a transaction on Friday, January 12th. The stock was sold at an average price of $10.37, for a total value of $5,339,647.81. Following the sale, the director now owns 10,680,286 shares in the company, valued at $110,754,565.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey A. Citron sold 414,913 shares of Vonage stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $9.03, for a total value of $3,746,664.39. Following the completion of the sale, the director now owns 11,676,047 shares in the company, valued at approximately $105,434,704.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,739,126 shares of company stock worth $17,285,774. 14.05% of the stock is currently owned by company insiders.

A number of equities analysts recently commented on the company. Summit Redstone reiterated a “hold” rating on shares of Vonage in a research report on Friday, February 9th. Robert W. Baird reiterated a “buy” rating and set a $11.00 price objective on shares of Vonage in a research report on Wednesday, January 3rd. Oppenheimer lifted their price objective on Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Thursday, November 9th. Needham & Company LLC reiterated a “buy” rating and set a $10.00 price objective (up previously from $9.50) on shares of Vonage in a research report on Wednesday, November 8th. Finally, Craig Hallum reiterated a “buy” rating and set a $11.00 price objective (up previously from $10.00) on shares of Vonage in a research report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Vonage presently has a consensus rating of “Buy” and a consensus price target of $10.30.

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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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