Vonage (VG) Receiving Somewhat Positive Media Coverage, Accern Reports
News stories about Vonage (NYSE:VG) have trended somewhat positive on Saturday, Accern reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Vonage earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.6874903067952 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Vonage (NYSE:VG) opened at $10.51 on Friday. 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 capitalization of $2,371.32, a P/E ratio of 131.39, a PEG ratio of 6.10 and a beta of -0.04. Vonage has a 52 week low of $5.74 and a 52 week high of $11.32.
Vonage (NYSE:VG) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported $0.07 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.07. The company had revenue of $253.10 million during the quarter, compared to the consensus estimate of $249.02 million. Vonage had a return on equity of 11.47% and a net margin of 2.14%. Vonage’s revenue was up 1.9% on a year-over-year basis. During the same period last year, the business posted $0.09 earnings per share. equities research analysts predict that Vonage will post 0.28 EPS for the current year.
In related news, insider Edward M. Gilvar sold 17,778 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $9.76, for a total transaction 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 $284,982.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeffrey A. Citron sold 238,303 shares of the stock in a transaction that occurred on 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 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 have sold 1,877,429 shares of company stock valued at $18,516,671 over the last ninety days. 14.05% of the stock is currently owned by company insiders.
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.
Receive News & Ratings for Vonage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vonage and related companies with MarketBeat.com's FREE daily email newsletter.