Vonage Delivers Strong Third Quarter 2017 Results Highlighted by 22% Vonage Business GAAP Revenue Growth
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November 9, 2017 10:16 AM EST
William Blair analyst Dmitry Netis said the magicJack VocalTec take private deal could be seen as a positive for Vonage's (NYSE: VG) consumer business.
Netis commented, "At one point a serious competitor (going back to the 2012 time frame), which forced Vonage to... More
November 9, 2017 9:32 AM EST
Oppenheimer raised its price target on Vonage (NYSE: VG) to $10.00 (from $9.00) while maintaining an Outperform rating following a strong quarter.
Analyst Timothy Horan notes the has successfully shifted its focus to business services, 3Q17 was the first quarter in which UCaaS/CPaaS made up the majority of consolidated revenue.
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November 7, 2017 3:24 PM EST
Needham & Company raised its price target on Vonage (NYSE: VG) to $10.00 (from $9.50) while maintaining a Buy rating following strong Q3 results.
Analyst Richard Valera notes the company meet targets for its higher-growth Business segments and seeing nice upside from its legacy Consumer... More
November 7, 2017 3:21 PM EST
Craig-Hallum analyst George Sutton reiterated a Buy rating and raised his price target on Vonage (NYSE: VG) to $11.00 following Q3 results.
Sutton notes cash flow and EBITDA boost.
For an analyst ratings summary and ratings history on Vonage... More
November 7, 2017 8:04 AM EST
Vonage (NYSE: VG) reported Q3 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $253 million versus the consensus estimate of $248.56 million.
GUIDANCE:
Vonage sees 2017 revenue of at least $1 billion up to $1.01 billion,... More
