Oppenheimer Cuts Price Target Following Vonage's (VG) 'Messy' 4Q
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Vonage Reports Full Year Adjusted EBITDA of $144 Million, up 16% on Revenue of $895 Million; Full Year Vonage Business Revenue Increased 132% to $219 Million; Fourth Quarter Consolidated Revenue of $2
February 11, 2016 8:05 AM ESTHOLMDEL, N.J., Feb. 11, 2016 /PRNewswire/ --Â Vonage Holdings Corp. (NYSE: VG), a leading provider of cloud communications services for businesses and consumers, today announced results for the fourth quarter and full year ended December 31, 2015.
Summary of Full Year 2015 Results
"We made enormous progress optimizing the profitability of Consumer Services while successfully pivoting to the Unified Communications for Business market," said Alan Masarek, Chief Executive Officer of Vonage. "During the year, we successfully integrated the five companies we acquired over the last two years and built the industry's broadest... More
