Zacks: Brokerages Anticipate Vonage Holdings Corp. (NASDAQ:VG) Will Post Quarterly Sales of $316.24 Million

Wall Street analysts expect that Vonage Holdings Corp. (NASDAQ:VG) will announce $316.24 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Vonage’s earnings. The highest sales estimate is $317.40 million and the lowest is $315.53 million. Vonage reported sales of $309.69 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.1%. The business is expected to announce its next quarterly earnings report on Tuesday, February 16th.

According to Zacks, analysts expect that Vonage will report full year sales of $1.24 billion for the current financial year, with estimates ranging from $1.22 billion to $1.24 billion. For the next financial year, analysts expect that the company will report sales of $1.30 billion, with estimates ranging from $1.28 billion to $1.34 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Vonage.

VG has been the subject of a number of recent research reports. ValuEngine lowered Vonage from a “buy” rating to a “hold” rating in a research note on Friday, November 6th. Rosenblatt Securities boosted their target price on Vonage from $12.00 to $14.00 and gave the company a “neutral” rating in a research note on Friday, November 6th. Finally, BidaskClub raised Vonage from a “hold” rating to a “buy” rating in a research report on Thursday, October 22nd.

Shares of NASDAQ VG traded up $0.09 during midday trading on Monday, reaching $13.02. The company had a trading volume of 1,131,697 shares, compared to its average volume of 3,314,413. Vonage has a one year low of $4.18 and a one year high of $13.37. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.97. The firm has a market cap of $3.23 billion, a PE ratio of -86.79, a price-to-earnings-growth ratio of 14.62 and a beta of 0.52.

About Vonage

Vonage Holdings Corp. provides cloud communications services for businesses and consumers. It operates through two segments, Business and Consumer. The Business segment offers cloud-based applications comprising integrated voice, text, video, data, collaboration, and mobile applications over SIP based VoIP network; API solutions designed to enhance the way businesses communicate with their customers by embedding communications into apps, websites, and business processes; and Vonage Business Cloud and Vonage Enterprise services.

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