Vonage Holdings Corp. found using ticker (VG) have now 10 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 24 and 12 with a mean TP of 20.4. Given that the stocks previous close was at 20.81 this indicates there is a potential downside of -2.0%. The day 50 moving average is 19.84 while the 200 day moving average is 15.76. The market cap for the company is $5,289m. Company Website: https://www.vonage.com
The potential market cap would be $5,185m based on the market concensus.
Vonage Holdings Corp. primarily operates as a business-to-business cloud communications company in the United States, Canada, the United Kingdom, the European Union, and Asia. It operates in two segments, Vonage Communications Platform and Consumer. The Vonage Communications Platform segment offers programmable, embeddable, and customizable application program interfaces that enable software developers to build communications capabilities, such as messaging and voice calling within their applications; and Vonage Contact Center, a cloud contact center solution. This segment also provides Vonage Business Communications, a cloud-native proprietary technology platform that delivers integrated unified communication services; and Vonage Business Enterprise, a cloud based platform for mid-market and enterprise customers that provides unified communication and collaboration services, including voice, data, video, mobile, and contact center services. The Consumer segment provides home telephone services through various service plans with basic features, including voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. In addition, the company provides procured high-speed broadband Internet services and Vonage-enabled devices. Vonage Holdings Corp. was incorporated in 2000 and is headquartered in Holmdel, New Jersey.
