Headlines about Vonage Holdings Corp. (NYSE:VG) have trended somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Vonage Holdings Corp. earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.4306868231988 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have effected Accern’s scoring:
- Vonage to Present at the Dougherty & Company 2017 Institutional Investor Conference – PR Newswire (press release) (prnewswire.com)
- Vonage Holdings Corp.’s (VG) “Buy” Rating Reaffirmed at Citigroup Inc. (americanbankingnews.com)
- Mid-Afternoon Market Update: Crude Oil Up Over 1%; Alamos Gold Shares Slide (feeds.benzinga.com)
- Mid-Morning Market Update: Markets Open Higher; Teva Pharmaceutical Names Kaare Schultz As CEO (feeds.benzinga.com)
A number of research firms have recently commented on VG. Robert W. Baird reissued a “buy” rating and issued a $9.00 target price on shares of Vonage Holdings Corp. in a report on Friday, September 1st. Dougherty & Co dropped their target price on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating for the company in a report on Friday, August 4th. Zacks Investment Research cut shares of Vonage Holdings Corp. from a “hold” rating to a “sell” rating in a report on Thursday, July 13th. William Blair reissued an “outperform” rating on shares of Vonage Holdings Corp. in a report on Wednesday, May 24th. Finally, FBN Securities cut shares of Vonage Holdings Corp. from an “outperform” rating to a “sector perform” rating and set a $8.70 target price for the company. in a report on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $8.89.
Shares of Vonage Holdings Corp. (NYSE VG) traded up 2.27% on Friday, reaching $8.10. 6,044,222 shares of the company were exchanged. Vonage Holdings Corp. has a 12-month low of $5.74 and a 12-month high of $8.50. The stock’s 50-day moving average is $7.90 and its 200 day moving average is $6.88. The firm has a market capitalization of $1.84 billion, a PE ratio of 101.25 and a beta of -0.09.
Vonage Holdings Corp. (NYSE:VG) last issued its earnings results on Thursday, August 3rd. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The business had revenue of $252.00 million during the quarter, compared to analyst estimates of $242.05 million. Vonage Holdings Corp. had a return on equity of 12.40% and a net margin of 2.00%. Vonage Holdings Corp.’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 earnings per share. On average, analysts forecast that Vonage Holdings Corp. will post $0.27 EPS for the current year.
In other Vonage Holdings Corp. news, CFO David T. Pearson sold 198,350 shares of the business’s stock in a transaction that occurred 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 sale, the chief financial officer now owns 216,119 shares in the company, valued at $1,744,080.33. The sale was disclosed in a 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 shares were sold at an average price of $8.11, for a total value of $3,364,944.43. Following the completion of the sale, the director now owns 12,670,751 shares of the company’s stock, valued at approximately $102,759,790.61. The disclosure for this sale can be found here. Insiders sold 1,028,176 shares of company stock valued at $7,774,590 in the last quarter. Corporate insiders own 14.05% of the company’s stock.
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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