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Vonage (NYSE:VG) stock price target increased to $9.00, issued a research note today by Needham

In a report released on 9/26/2016 Needham increased the stock price target of Vonage (NYSE:VG) from $8.00 to $9.00 indicating a possible upside of 0.35%.

Previously on 9/14/2016, Robert W. Baird reported on Vonage (NYSE:VG) increased the target price from $0.00 to $8.00. At the time, this indicated a possible upside of 0.37%.

Yesterday Vonage (NYSE:VG) traded 0.15% higher at $6.65. The company’s 50-day moving average is $6.01 and its 200-day moving average is $5.23. The last closing price is up 27.13% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 3,248,495 shares of the stock traded hands, up from an average trading volume of 3,051,330

Performance Chart

Vonage (NYSE:VG)

With a total market value of $0, Vonage has price-earnings ratio of 93.66 with a one year low of $3.82 and a one year high of $7.42 .

A total of 7 equity analysts have released a ratings update on VG. Five equity analysts rating the company a strong buy, four equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $7.22.

Brief Synopsis About Vonage (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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