Vonage (VG) Receives Coverage Optimism Score of 0.04

Media headlines about Vonage (NYSE:VG) have trended somewhat positive on Sunday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Vonage earned a news impact score of 0.04 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.2029317417775 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:

Shares of Vonage (VG) opened at $9.92 on Friday. The firm has a market cap of $2,269.56, a P/E ratio of 45.11, a P/E/G ratio of 7.04 and a beta of -0.04. Vonage has a 1-year low of $5.74 and a 1-year high of $10.49. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.51.

Vonage (NYSE:VG) last issued its earnings results on Tuesday, November 7th. The technology company reported $0.07 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.07. The firm had revenue of $253.10 million during the quarter, compared to analysts’ expectations of $249.02 million. Vonage had a net margin of 2.14% and a return on equity of 11.47%. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period last year, the firm posted $0.09 earnings per share. equities research analysts predict that Vonage will post 0.28 EPS for the current fiscal year.

Several research analysts have recently issued reports on the stock. Robert W. Baird reiterated a “buy” rating and issued a $9.00 price objective on shares of Vonage in a report on Friday, September 1st. Oppenheimer increased their price objective on shares of Vonage from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Northland Securities reiterated a “buy” rating and issued a $9.50 price objective on shares of Vonage in a report on Thursday, October 12th. Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price objective on shares of Vonage in a report on Wednesday, September 27th. Finally, Craig Hallum reiterated a “buy” rating and issued a $11.00 price objective (up from $10.00) on shares of Vonage in a report on Tuesday, November 7th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $9.72.

In related news, Director Jeffrey A. Citron sold 414,913 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $7.99, for a total transaction of $3,315,154.87. Following the completion of the sale, the director now directly owns 12,670,751 shares in the company, valued at $101,239,300.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Edward M. Gilvar sold 17,778 shares of the firm’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total transaction of $173,513.28. Following the sale, the insider now owns 29,199 shares of the company’s stock, valued at $284,982.24. The disclosure for this sale can be found here. Insiders have sold 1,539,123 shares of company stock valued at $12,962,492 over the last 90 days. 14.05% of the stock is currently owned by insiders.

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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.

Insider Buying and Selling by Quarter for Vonage (NYSE:VG)

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