FY2017 Earnings Estimate for Vonage Holdings Corp. Issued By Craig Hallum (VG)

Vonage Holdings Corp. (NYSE:VG) – Investment analysts at Craig Hallum raised their FY2017 EPS estimates for Vonage Holdings Corp. in a research note issued to investors on Wednesday. Craig Hallum analyst G. Sutton now forecasts that the technology company will earn $0.40 per share for the year, up from their prior estimate of $0.30. Craig Hallum has a “Buy” rating and a $11.00 price target on the stock. Craig Hallum also issued estimates for Vonage Holdings Corp.’s Q4 2017 earnings at $0.11 EPS, Q1 2018 earnings at $0.10 EPS, Q2 2018 earnings at $0.10 EPS, Q3 2018 earnings at $0.10 EPS and Q4 2018 earnings at $0.10 EPS.

Vonage Holdings Corp. (NYSE:VG) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. Vonage Holdings Corp. had a net margin of 2.14% and a return on equity of 11.47%. The firm had revenue of $253.10 million for the quarter, compared to the consensus estimate of $249.02 million. During the same period last year, the firm posted $0.09 earnings per share. The business’s revenue was up 1.9% compared to the same quarter last year.

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A number of other brokerages have also recently commented on VG. Robert W. Baird restated a “buy” rating and set a $9.00 target price on shares of Vonage Holdings Corp. in a report on Friday, September 1st. Citigroup Inc. reiterated a “buy” rating and issued a $11.00 price target on shares of Vonage Holdings Corp. in a research note on Wednesday, November 8th. They noted that the move was a valuation call. Northland Securities reiterated a “buy” rating and issued a $9.50 price target on shares of Vonage Holdings Corp. in a research note on Thursday, October 12th. Dougherty & Co dropped their price target on shares of Vonage Holdings Corp. from $10.50 to $8.50 and set a “buy” rating on the stock in a research note on Friday, August 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $9.50 price target on shares of Vonage Holdings Corp. in a research note on Wednesday, September 27th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.72.

Vonage Holdings Corp. (VG) opened at $9.36 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.51. The company has a market cap of $2,087.77, a price-to-earnings ratio of 41.50, a P/E/G ratio of 6.05 and a beta of -0.14. Vonage Holdings Corp. has a one year low of $5.74 and a one year high of $9.38.

Hedge funds have recently bought and sold shares of the business. Parametric Portfolio Associates LLC boosted its stake in Vonage Holdings Corp. by 54.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 744,774 shares of the technology company’s stock worth $4,871,000 after purchasing an additional 261,918 shares during the period. First Washington CORP bought a new position in Vonage Holdings Corp. in the 2nd quarter worth approximately $2,446,000. Pier Capital LLC bought a new position in Vonage Holdings Corp. in the 2nd quarter worth approximately $5,348,000. Federated Investors Inc. PA boosted its stake in Vonage Holdings Corp. by 13.9% in the 2nd quarter. Federated Investors Inc. PA now owns 2,004,456 shares of the technology company’s stock worth $13,109,000 after purchasing an additional 243,979 shares during the period. Finally, Royal Bank of Canada boosted its stake in Vonage Holdings Corp. by 15.3% in the 2nd quarter. Royal Bank of Canada now owns 6,559,655 shares of the technology company’s stock worth $42,902,000 after purchasing an additional 872,527 shares during the period. Institutional investors and hedge funds own 79.08% of the company’s stock.

In related news, Director Jeffrey A. Citron sold 414,913 shares of the stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $7.99, for a total value of $3,315,154.87. Following the completion of the sale, the director now directly owns 12,670,751 shares of the company’s stock, valued at approximately $101,239,300.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO David T. Pearson sold 198,350 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $8.07, for a total transaction of $1,600,684.50. Following the completion of the sale, the chief financial officer now directly owns 216,119 shares of the company’s stock, valued at $1,744,080.33. The disclosure for this sale can be found here. Insiders have sold a total of 1,719,695 shares of company stock valued at $14,389,663 in the last ninety days. Insiders own 14.05% of the company’s stock.

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.

Earnings History and Estimates for Vonage Holdings Corp. (NYSE:VG)

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