Vonage (VG) to Release Earnings on Wednesday
Vonage (NYSE:VG) is set to issue its quarterly earnings data before the market opens on Wednesday, February 21st. Analysts expect the company to announce earnings of $0.09 per share for the quarter.
Vonage (NYSE:VG) opened at $10.70 on Wednesday. Vonage has a one year low of $5.74 and a one year high of $11.32. The company has a market capitalization of $2,430.00, a price-to-earnings ratio of 118.89, a P/E/G ratio of 6.18 and a beta of -0.04. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.51.
In other news, insider Edward M. Gilvar sold 17,778 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total value of $173,513.28. Following the completion of the sale, the insider now directly owns 29,199 shares of the company’s stock, valued at approximately $284,982.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey A. Citron sold 238,303 shares of the business’s stock in a transaction dated Wednesday, January 10th. The shares were sold at an average price of $10.07, for a total value of $2,399,711.21. Following the completion of the sale, the director now directly owns 10,680,286 shares of the company’s stock, valued at $107,550,480.02. The disclosure for this sale can be found here. Insiders sold a total of 1,739,126 shares of company stock valued at $17,285,774 over the last three months. Company insiders own 14.05% of the company’s stock.
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Vonage 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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