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Last $6.39 USD
Change Today +0.16 / 2.57%
Volume 5.1M
VG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

vonage holdings corp (VG) Snapshot

Open
$6.24
Previous Close
$6.23
Day High
$6.69
Day Low
$6.20
52 Week High
07/31/15 - $6.69
52 Week Low
10/13/14 - $3.10
Market Cap
1.4B
Average Volume 10 Days
2.5M
EPS TTM
$0.14
Shares Outstanding
212.9M
EX-Date
--
P/E TM
46.7x
Dividend
--
Dividend Yield
--
Current Stock Chart for VONAGE HOLDINGS CORP (VG)

vonage holdings corp (VG) Related Businessweek News

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vonage holdings corp (VG) Details

Vonage Holdings Corp. provides unified communications as a service solutions connecting people through cloud-connected devices worldwide. The company offers home telephone replacement services to residential customers through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. Its primary residential offering includes Vonage World that offers unlimited domestic calling; calling to landline phones in approximately 60 countries; calling to mobile phones in various countries; and voicemail with Vonage Visual Voicemail. The company also provides mobile services, including Vonage Mobile, a mobile application that provides free calling and messaging between users who have the application, as well as international calling to other phone in approximately 200 countries; and Vonage-enabled devices, which allow customers to use the Internet connection for their computer and telephones at the same time. In addition, it offers various services, including basic dial tone to services comprising call queue, conferencing, call groups, CRM integration, and detailed analytics, as well as Vonage Business Solutions services. Further, the company provides high-speed broadband Internet service that allows calls over the Internet either from a telephone through a Vonage-enabled device, or through soft phone software, or mobile client applications. It sells its products through in-bound telemarketing and online direct sales; and regional and national retailers for consumers and businesses in the United States, the United Kingdom, and Canada. As of December 31, 2014, the company had approximately 2.5 million subscriber lines. Vonage Holdings Corp. was incorporated in 2000 and is headquartered in Holmdel, New Jersey.

1,400 Employees
Last Reported Date: 02/13/15
Founded in 2000

vonage holdings corp (VG) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $163.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $561.7K
Chief Operating Officer
Total Annual Compensation: $550.0K
Chief Technology Officer
Total Annual Compensation: $196.9K
Chief Legal Officer and Secretary
Total Annual Compensation: $451.4K
Compensation as of Fiscal Year 2014.

vonage holdings corp (VG) Key Developments

Vonage Holdings Corporation Closes on Expanded $350 Million Four-Year Credit Facility to Drive Acquisition Strategy; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Vonage Holdings Corporation closed on an expanded $350 million credit facility o n July 27, 2015. This new facility is a reflection of Vonage's strong cash flow generation and provides a lower cost of capital, while increasing the Company's financial and strategic flexibility for investments in growth, including additional acquisitions in the UCaaS sector. The new facility consists of a four-year, $100 million senior secured term loan bearing interest at a maximum of LIBOR plus 3%, and a $250 million revolving credit facility bearing the same maximum interest on drawn amounts. The Company used $167 million of the proceeds from the new facility to retire all current debt under its prior $225 million facility. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $221,858,000 compared to $218,878,000 in the year ago quarter. Income from operations was $16,558,000 against $13,518,000 a year ago. Income from continuing operations before income tax expense was $14,523,000 against $12,151,000 a year ago. Income from continuing operations was $8,347,000 or $0.04 per basic and diluted share against $6,890,000 or $0.03 per basic and diluted share a year ago. Net income attributable to the company was $8,347,000 or $0.04 per diluted share against $5,518,000 or $0.02 per diluted share a year ago. Net cash provided by operating activities was $35,237,000 against $24,082,000 a year ago. Adjusted EBITDA was $37,955,000 against $29,432,000 a year ago. Capital expenditures were $2,904,000 against $2,157,000 a year ago. Adjusted net income was $20,135,000 against $14,545,000 a year ago. Free cash flow was $29,049,000 against $17,680,000 a year ago. For the six months, the company reported revenue of $441,588,000 compared to $439,611,000 in the year ago quarter. Income from operations was $35,897,000 against $25,119,000 a year ago. Income from continuing operations before income tax expense was $31,370,000 against $21,753,000 a year ago. Income from continuing operations was $18,196,000 or $0.08 per basic and diluted share against $12,374,000 or $0.06 per basic and diluted share a year ago. Net income attributable to the company was $15,816,000 or $0.07 per diluted share against $10,106,000 or $0.05 per diluted share a year ago. Net cash provided by operating activities was $45,961,000 against $33,469,000 a year ago. Adjusted EBITDA was $75,758,000 against $58,880,000 a year ago. Capital expenditures were $4,960,000 against $3,099,000 a year ago. Adjusted net income was $40,364,000 against $27,128,000 a year ago. Free cash flow was $35,459,000 against $23,339,000 a year ago. Net debt was $117,564,000 against $119,242,000 a year ago.

Vonage Holdings Corp. Appoints Omar Javaid as Chief Product Officer, Effective from August 3, 2015

Vonage Holdings Corp. has appointed Omar Javaid as Chief Product Officer. Mr. Javaid will join the company on August 3, 2015 and report to Chief Executive Officer Alan Masarek. Mr. Javaid will be responsible for the company's overall product strategy. He will work with teams across the organization to define and execute Vonage's product roadmap for Consumer Services and Vonage Business. He joins Vonage from Rovi Corporation where he was Senior Vice President and General Manager of Discovery and Cloud Platforms.

Vonage Holdings Corporation to Report Q2, 2015 Results on Jul 30, 2015

Vonage Holdings Corporation announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Jul 30, 2015

 

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Industry Analysis

VG

Industry Average

Valuation VG Industry Range
Price/Earnings 53.8x
Price/Sales 1.6x
Price/Book 3.7x
Price/Cash Flow 17.2x
TEV/Sales 1.3x
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