Vonage (VG) Misses Q4 EPS by 3c, Revenues Miss; Offers Q1 EPS Guidance Below Consensus, FY19 EPS Mid-Point Guidance Above Consensus

Vonage (NYSE: VG) reported Q4 EPS of $0.04, $0.03 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $273.8 million versus the consensus estimate of $274.71 million.

"2018 was a year of great strategic progress for Vonage, fueled by our financial strength," said Vonage CEO Alan Masarek. "We significantly advanced our strategy by acquiring TokBox, the industry leader in WebRTC programmable video, and NewVoiceMedia, a world leader in contact center as a service. Both are integral to our One Vonage platform strategy and our ability to deliver great employee and customer experiences. Vonage now owns its entire technology stack across unified communications, contact center, and programmable APIs, and uniquely covers the entire cloud communications total addressable market."

Mr. Masarek continued, "In addition to the important progress we made advancing our product strategy, we also strengthened our go-to-market execution. Our investments in the Midmarket and Enterprise, including sales leadership and a more experienced team, are generating improved productivity and increased momentum. As we enter 2019, we have a very clear focus on continued growth, sales execution, and innovation, and we believe we are well positioned to accelerate growth in 2019."

GUIDANCE:

Vonage sees FY2019 revenue of $1.17-1.195 billion, versus the consensus of $1.17 billion.

Vonage sees Q1 2019 revenue of $276-279 billion, versus the consensus of $281.22 billion.

For earnings history and earnings-related data on Vonage (VG) click here.

You May Also Be Interested In

• Bristol-Myers Squibb (BMY) stock slips despite earnings beat
• Airbus revenue rises, delivers 142 commercial aircraft in Q1
• Altria (MO) delivers in-line earnings, revenue in Q1; shares slightly up