Vonage Delivers Strong Second Quarter 2017 Results Highlighted by 44% Vonage Business GAAP Revenue Growth

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Vonage (VG) PT Raised to $9.50 at Needham & Company Following 2Q Release

August 3, 2017 4:01 PM EDT

Needham & Company raised its price target on Vonage (NYSE: VG) to $9.50 (from $9.00) while maintaining a Buy rating following the company's 2Q earnings release. Revenue of $252MM was well ahead of the $241.8MM consensus, Adj. OIBDA of $40.8MM exceeded the consensus of $38.5MM, and NG... More