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Vonage (VG) Up 30% On News Of Its iPhone Application Approval

September 1, 2009 5:06 PM EDT
VG Hot Sheet
Overall Analyst Rating:
    BUY (Up Up)

Revenue Growth %: -1.8%
Vonage (NYSE: VG) is trading up 32% in the after-hours after it announced that Apple (Nasdaq: AAPL) approved its mobile application for iPhone and iPod Touch. Vonage is currently conducting a beta test and general availability will be announced at another time.

This Apple approval was rumored last week which was one of the reasons VG jumped 200% last week. However, traders like the next great story stock and maybe Vonage will again have its 10 minutes of fame.

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