Vonage Holdings Corp. (VG) was Reiterated by Dougherty & Company to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 8 from a previous price target of $6 . Dougherty & Company advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on Vonage Holdings Corp.. Company shares were Reiterated by Needham on Jun 28, 2016 to “Buy”, Firm has raised the Price Target to $ 8 from a previous price target of $6 .Vonage Holdings Corp. was Upgraded by Citigroup to ” Buy” on Jun 14, 2016.
On the company’s financial health, Vonage Holdings Corp. reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.07. The company had revenue of $233.70 million for the quarter, compared to analysts expectations of $226.80 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.09 EPS.
Vonage Holdings Corp. opened for trading at $5.76 and hit $6.27 on the upside on Tusday, eventually ending the session at $6.26, with a gain of 7.38% or 0.43 points. The heightened volatility saw the trading volume jump to 67,26,151 shares. Company has a market cap of $1,336 M.
In a different news, on Jun 30, 2016, Mcgonigal Graham (Chief Network Officer) sold 64,248 shares at $6.00 per share price. According to the SEC, on May 16, 2016, Alan Masarek (CEO) purchased 126,460 shares at $3.91 per share price. On Mar 14, 2016, David C Nagel (director) sold 10,000 shares at $4.94 per share price, according to the Form-4 filing with the securities and exchange commission.
Vonage Holdings Corp. is a provider of telecommunications and unified communications-as-a-service (UCaaS) solutions connecting people through cloud-connected devices around the world. The Company offers a scalable session initiation protocol (SIP)-based Voice over Internet Protocol (VoIP) network. Through this technology it offers voice and messaging services and other features around the world on various devices. This platform enables a user via a single identity either a number or user name to access and utilize services and features by being connected to the Internet over third generation (3G) Long-Term Evolution (LTE) cable or Digital Subscriber Line (DSL) broadband networks. The Company has operations in the United States the United Kingdom Brazil Israel and Canada. Its brand BasicTalk is a home phone service offering unlimited calling throughout the United States. It is focused on providing UCaaS solutions to domestic consumers and small and medium businesses.