Headlines about Vonage Holdings Corp. (NYSE:VG) have trended positive this week, according to AlphaOne. The research group, a unit of Accern, identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Vonage Holdings Corp. earned a coverage optimism score of 0.29 on AlphaOne’s scale. AlphaOne also assigned media stories about the technology company an impact score of 40 out of 100, meaning that recent media coverage is unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Alpha One Sentiment’s scoring:
- A look at the intrinsic value of Vonage Holdings Corp (VG) (simplywall.st)
- Vonage Holdings Corp. breached its 50 day moving average in a Bullish Manner : VG-US : April 20, 2017 (finance.yahoo.com)
- Insider Selling: Vonage Holdings Corp. (VG) Director Sells 330,516 Shares of Stock (americanbankingnews.com)
- Vonage Holdings Corp. (VG) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Vonage Holdings (VG) Shares Cross Above 200 DMA (nasdaq.com)
Shares of Vonage Holdings Corp. (NYSE:VG) traded down 1.08% during midday trading on Friday, hitting $6.41. The company had a trading volume of 885,960 shares. The company’s 50-day moving average price is $6.22 and its 200 day moving average price is $6.60. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 80.12 and a beta of 0.25. Vonage Holdings Corp. has a 12-month low of $3.82 and a 12-month high of $7.88.
Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings data on Tuesday, February 14th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by $0.02. Vonage Holdings Corp. had a return on equity of 17.99% and a net margin of 2.27%. The company had revenue of $247 million for the quarter, compared to the consensus estimate of $247.59 million. During the same period in the prior year, the firm posted $0.06 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. Equities research analysts predict that Vonage Holdings Corp. will post $0.28 earnings per share for the current fiscal year.
Several research firms have recently commented on VG. Zacks Investment Research downgraded Vonage Holdings Corp. from a “buy” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC reaffirmed a “buy” rating and issued a $9.00 target price on shares of Vonage Holdings Corp. in a research report on Friday, January 13th. Finally, William Blair reaffirmed an “outperform” rating on shares of Vonage Holdings Corp. in a research report on Monday, March 6th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $8.00.
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In other Vonage Holdings Corp. news, Director Jeffrey A. Citron sold 330,516 shares of the business’s stock in a transaction on Thursday, April 20th. The shares were sold at an average price of $6.50, for a total value of $2,148,354.00. Following the completion of the sale, the director now directly owns 12,664,157 shares of the company’s stock, valued at $82,317,020.50. The transaction was disclosed in a legal 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 on Thursday, February 23rd. The stock was sold at an average price of $6.04, for a total transaction of $2,506,074.52. Following the completion of the sale, the director now directly owns 12,657,334 shares of the company’s stock, valued at $76,450,297.36. The disclosure for this sale can be found here. Insiders have sold a total of 2,144,965 shares of company stock valued at $13,803,241 over the last ninety days. 14.59% of the stock is currently owned by insiders.
Vonage Holdings Corp. Company Profile
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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