Vonage Business Drives Strong Second Quarter Revenue Growth; TokBox Acquisition Accelerates Growth and Broadens Platform with Leading Global Video API Offering

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Go back to Vonage Business Drives Strong Second Quarter Revenue Growth; TokBox Acquisition Accelerates Growth and Broadens Platform with Leading Global Video API Offering

Vonage (VG) PT Raised to $16 at Oppenheimer

August 2, 2018 9:39 AM EDT

Oppenheimer raised its price target on Vonage (NYSE: VG) to $16.00 (from $14.00) while maintaining an Outperform rating.

Analyst Timothy Horan commented, "Business services, up 20% Y/Y, now make up 57% of consolidated revenue. The development of a single communications platform (UCaaS/ CPaaS) that offers a fully... More

Vonage (VG) Reports In-Line Q2 EPS, Updates Guidance

August 1, 2018 8:06 AM EDT

Vonage (NYSE: VG) reported Q2 EPS of $0.07, in-line with the analyst estimate of $0.07. Revenue for the quarter came in at $260 million versus the consensus estimate of $254.95 million.

GUIDANCE:

Vonage sees FY2018 revenue of $1.04-1.05 billion, versus the consensus of $1.03... More