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.

VG has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “buy” rating and set a $9.00 price target on shares of Vonage in a report on Friday, October 20th. Craig Hallum reaffirmed a “buy” rating and set a $11.00 price target (up from $10.00) on shares of Vonage in a report on Tuesday, November 7th. Citigroup reaffirmed a “buy” rating and set a $11.00 price target on shares of Vonage in a report on Wednesday, November 8th. They noted that the move was a valuation call. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target (up from $9.50) on shares of Vonage in a report on Wednesday, November 8th. Finally, Oppenheimer lifted their price target on Vonage from $9.00 to $10.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $10.30.

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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.

Earnings History for Vonage (NYSE:VG)

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