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Vonage Holdings Corp. (NYSE:VG) target price raised to $7.25, reported today by Zacks Investment Research

Boasting a price of $6.47, Vonage Holdings Corp. (NYSE:VG) traded -1.51% lower on the day. With the last close up 21.87% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Vonage Holdings Corp. has recorded a 50-day average of $6.20 and a two hundred day average of $5.34. Volume of trade was down over the average, with 889,469 shares of VG changing hands under the typical 2,978,960

Vonage Holdings Corp. (NYSE:VG) had its price target upped to $7.25 by Zacks Investment Research in an issued report announced 10/6/2016. The new stock price target indicates a potential upside of 0.12% from the company's last close.

Recent Performance Chart

Vonage Holdings Corp. (NYSE:VG)

Vonage Holdings Corp. has PE ratio of 91.69 with a one year low of $3.82 and a one year high of $7.42 and has a market capitalization of $0.

A total of 7 brokerages have issued a ratings update on Vonage Holdings Corp.. Five brokerages rating the company a strong buy, 4 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell with a average stock price target of $7.22.

Brief Synopsis On Vonage Holdings Corp. (NYSE:VG)

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and business communication solutions across multiple devices. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration and mobile applications over its scalable session initiation protocol (SIP)-based voice over Internet protocol (VoIP) network. It serves a range of business markets, including the small and medium business (SMB), mid-market and enterprise segments. Its business solutions' product families include Vonage Essentials, based on its call processing platform that is purpose-built for SMB and mid-market customers, and Vonage Premier, based on Broadsoft's call processing platform in combination with its cloud-based solutions. Its consumer services strategy is focused on the North American markets.

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