Brokerages assume Vonage Holdings Corp. (NASDAQ:VG) to announce product sales of $347.66 million for the present quarter, Zacks Financial investment Exploration stories. Six analysts have presented estimates for Vonage’s earnings, with the maximum sales estimate coming in at $349.67 million and the least expensive estimate coming in at $346.43 million. Vonage claimed income of $316.65 million through the exact same quarter previous 12 months, which signifies a beneficial 12 months over yr growth level of 9.8%. The business enterprise is scheduled to difficulty its upcoming quarterly earnings final results on Thursday, November 4th.
On common, analysts assume that Vonage will report complete calendar year product sales of $1.39 billion for the latest fiscal yr, with estimates ranging from $1.38 billion to $1.39 billion. For the upcoming money yr, analysts hope that the organization will report sales of $1.53 billion, with estimates ranging from $1.50 billion to $1.57 billion. Zacks’ profits calculations are a necessarily mean typical dependent on a survey of promote-aspect analysts that include Vonage.
Vonage (NASDAQ:VG) past issued its quarterly earnings success on Thursday, August 5th. The company reported $.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $.04 by $.01. Vonage had a detrimental net margin of 1.84% and a optimistic return on fairness of 7.85%.
VG has been the subject of a number of latest analyst stories. Zacks Expenditure Study upgraded shares of Vonage from a “provide” rating to a “maintain” score in a investigate note on Thursday. Needham & Enterprise LLC initiated coverage on shares of Vonage in a investigation notice on Monday, June 21st. They issued a “hold” score for the firm. Robert W. Baird restated a “buy” ranking and issued a $19.00 target price on shares of Vonage in a analysis take note on Friday, August 6th. Eventually, KeyCorp lifted their target selling price on shares of Vonage from $15.00 to $17.00 and gave the stock an “obese” score in a investigation take note on Thursday, July 22nd. 4 exploration analysts have rated the stock with a keep ranking and three have supplied a obtain score to the firm’s inventory. The stock at present has an common rating of “Keep” and an regular concentrate on rate of $16.00.
Shares of NASDAQ:VG opened at $13.05 on Friday. The agency has a market cap of $3.29 billion, a PE ratio of -130.50, a P/E/G ratio of 14.16 and a beta of .73. The stock’s fifty day simple going regular is $14.27. The corporation has a personal debt-to-equity ratio of .76, a fast ratio of .82 and a current ratio of .82. Vonage has a 1-12 months small of $9.52 and a 1-calendar year superior of $15.72.
In other Vonage news, Director Jeffrey A. Citron marketed 200,000 shares of the firm’s inventory in a transaction dated Tuesday, June 22nd. The shares had been marketed at an common value of $15.03, for a full transaction of $3,006,000.00. Next the sale, the director now right owns 8,438,113 shares of the firm’s stock, valued at about $126,824,838.39. The transaction was disclosed in a submitting with the Securities & Exchange Commission, which is readily available through the SEC web-site. Business insiders have 6.50% of the firm’s stock.
A number of institutional buyers and hedge money have just lately extra to or lowered their stakes in VG. Blume Money Administration Inc. acquired a new position in Vonage in the course of the second quarter valued at around $38,000. Lazard Asset Administration LLC ordered a new stake in shares of Vonage all through the 2nd quarter valued at somewhere around $67,000. Emerald Advisers LLC obtained a new stake in shares of Vonage in the course of the second quarter valued at around $69,000. Darkish Forest Cash Administration LP ordered a new stake in shares of Vonage for the duration of the second quarter valued at close to $69,000. Eventually, Key Financial Inc ordered a new stake in shares of Vonage all through the next quarter valued at roughly $87,000. 86.90% of the inventory is at the moment owned by institutional buyers and hedge cash.
Vonage Holdings Corp. engages in the provision of interaction solutions as a result of cloud-related equipment. It operates by the Enterprise and Client segments. The Business enterprise section provides cloud-based Unified Communications as a Services (UCaaS) alternatives, which contains of built-in voice, textual content, video clip, data, collaboration, and mobile apps above its scalable Session Initiation Protocol centered Voice in excess of Net Protocol community.
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