Vonage (VG) Continues To Run

Vonage (NYSE: VG) has skyrocked 350% in the past few days for ostensibly no direct reason.

Vonage said yesterday that it "doesn't specifically comment on short-term fluctuations in market activity."
But the company noted a couple developments that may be contributing to the excitement for the its shares:

“Three weeks ago, the company announced financial results which included record adjusted EBITDA of $31 million, positive net income for the first time in the company’s history and positive cash flow. Last week, the company launched Vonage World which provides flat rate unlimited calling to over 60 countries with unlimited readable voicemail (visual voicemail). Initial interest has been strong. Additionally, the company previously announced that it expects to enter the mobile applications market, which has garnered a great deal of attention in recent weeks and months.”

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