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Vonage Holdings Corp. (VG)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.990.00 (0.00%)
As of 04:00PM EDT. Market open.

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  • U
    Uber Geek
    What happens to all the options?
  • B
    Bronson
    Congratulations to anyone that had the guts to hold out for $21.
  • T
    TomV
    15 June a 597bp drop to 16.06. Something going on? Only thing I can think of is some think the buyout won’t go through?
  • l
    loshe
    I am so tired of VG doing nothing all day. Can you move??? I have been reading (http://Achieverspot.tech) for a month now and the stocks there actually go!
  • A
    AndreC
    I sold when it was $20.80, made a lot of $$, moved to Rivian at $24, making more $$$
  • D
    Dany
    Next bid will be swedish company Sinch.
    Valuation gone down remarkable this year.
    So take over can happened. Stock -83%
  • k
    karlo
    Shares of Vonage Holdings (VG) jumped after Scott Deveau of Bloomberg reported that activist investor Jana Partners has called on the company to hire advisers to explore strategic alternatives, including a possible sale of all or parts of the business. People familiar with the matter told Bloomberg that Barry Rosenstein's Jana, which owns about 4% of Vonage, has discussed its views with the company and fellow shareholders after a previous review of the company's consumer business failed to result in a sale. Jana believes Vonage's current corporate structure prevents its underlying businesses from achieving their true value, sources told Bloomberg. Shares of Vonage are up 5% to $14.12 following the report.
  • R
    Ryan
    Definitely a waiting game. Everyone associates Vonage with the VOIP residential business which nobody wants to touch with a ten foot pole. Business Services has projected revenue of $729 million for 2019 and is growing at 23% a year and is due to accelerate due to the fact that Nexmo growing at ~40%. RNG by comparison grows at 28% and has 2019 revenue at $854 million. Yet RNG carries close to a 10B market cap. Even if the rest of of VG's business worth $0, the Business Services segment conservatively warrants at least a $6 billion market cap.
  • A
    AndreC
    CleverTap Partners with Nexmo, the Vonage API Platform, Empowers Marketers to Communicate with their Customers at Scale
    PR Newswire PR Newswire•March 6, 2019
    Mobile marketers can now leverage various channels of customer communications, such as SMS, social messaging apps and more, to craft engaging customer experiences that drive reliable long-term user retention and customer satisfaction with reliability and dependability

    SAN FRANCISCO, March 6, 2019 /PRNewswire/ -- The leading mobile marketing automation platform, CleverTap, today announced it has chosen, Vonage (VG), a business cloud communications leader, to enable additional user engagement channels directly from CleverTap's mobile automation platform via Nexmo, the Vonage API Platform. With this partnership, clients can easily build personalized omnichannel communications experiences throughout the entire customer life cycle at scale, creating valuable customer relationships and enhanced engagement.

    CleverTap is a powerful mobile marketing solution that helps marketers create differentiated omnichannel customer engagement strategies that drive exponential growth. Every day, thousands of brands build valuable customer relationships using CleverTap’s intelligent mobile marketing platform, which provides actionable, real-time insights to help create amazing customer experiences. (PRNewsfoto/CleverTap)
    CleverTap is a powerful mobile marketing solution that helps marketers create differentiated omnichannel customer engagement strategies that drive exponential growth. Every day, thousands of brands build valuable customer relationships using CleverTap’s intelligent mobile marketing platform, which provides actionable, real-time insights to help create amazing customer experiences. (PRNewsfoto/CleverTap)
    More
    Consumers today interact with brands through multiple touchpoints. 90% of consumers start a task on one device and finish it on another.* As consumer behavior changes, marketers need to adapt and evolve their engagement strategies to ensure a seamless customer journey. To deliver a holistic customer experience, marketers need to eliminate data silos, orchestrate consumer journeys across channels, and engage with the customer through the most relevant channel based on preference.

    "CleverTap provides some of the world's largest companies with the best-of-breed mobile marketing solutions to help them create a seamless customer experience," said Sunil Thomas, co-founder and CEO of CleverTap. "Nexmo's proven expertise in the cloud communications space, combined with its ability to swiftly leverage the latest technological advances, makes Nexmo a key partner for us. CleverTap customers can focus on building differentiated engagement strategies that win without having to worry about operational issues such as security, deliverability, and reliability."

    "Vonage's partnership with CleverTap empowers customers to engage with their users through the right channels with the right message at scale and provides a superior experience that drives long-term user retention and revenues," said Omar Javaid, Vonage Chief Product Officer. "The ability to auto-segment users in real-time based on their propensity to respond positively to a specific message on a favorable channel is what makes this partnership unique."
  • J
    Jeffrey
    Not sure I have ever seen a stock that was not nearly overvalued, beat and raise and get multiple price upgrades from the street, precede to top more than 10% in the following 5 days of trading. It literally makes no sense. I could see if it was super highly valued and expectations were thru the roof but they have never been for this company which is why it has traded at such a big discount to its peers!
  • A
    AndreC
    J.P. Morgan Says There’s Room for Over 50% Gains in These 2 Stocks
    VG
    +0.82%

    BTRS
    +0.34%
    TipRanks
    Fri, November 12, 2021, 2:21 PM·5 min read
    In this article: VG +0.82% BTRS +0.34%

    Wall Street’s major banking firms build their reputations, in part, on their ability to see the dark future clearly. JPMorgan has a storied name on the Street, and the banking giant’s Asset Management team has recently been casting its collective eye forward.

    "We are increasingly convinced that the pandemic will leave behind few economic scars, however we expect the policy interventions at the height of the crisis will have a long-lasting impact on markets... Our overall message is optimistic," said John Bilton, head of global multi-asset strategy.

    Keeping that in mind, we’re taking a look at two stocks recommended by some of JPMorgan's top analysts. These are analysts who stand tall among their peers, ranking in the top 10% of Wall Street pros covered by TipRanks. Impressively, the firm's analysts believe each ticker could climb over 50% higher in the year ahead. Let's take a closer look.

    Fri, November 12, 2021, 2:21 PM·5 min read
    In this article:

    VG
    +0.82%
    The second JPM pick we’ll look at is Vonage, a tech company in the telecom industry. Vonage has put together a package combining high tech know-how with telecom service, and offers its customers VOIP and cloud communications for contact center applications and communications APIs.

    Vonage is working to change the way people think about using communications technology. The company noted the shift toward remote work and virtual connections during the pandemic – and especially how that increased the value of networked remote systems and internet communications. Vonage’s products include platforms to bundle these services together, along with legacy telecom systems. These products are flexible and scalable, designed to meet the needs of each customer.

    The approach is working for Vonage, which has shown sequential gains in every quarter of this year, along with year-over-year gains. The 3Q21 report gave $358.3 million at the top line, and for the 9 months ending Sept 30,

    BTRS
    +0.34%

    We’ll start with BTRS Holdings, or Billtrust, a leader in the payment processing niche. BTRS serves business customers in the US, with a B2B accounts receivable automation software platform. This holding company’s subsidiaries provide solutions for cloud-based software and integrated payment processing, including online ordering, invoicing, remittance capture, and accounts receivable. The company boasts over 40 verticals covering a range of industries, and a 98% customer retention rate.

    Just last month, BTRS made a move to expand the value of its platform, through its acquisition of Belgium’s iController, a B2B collections software provider. The acquisition cost BTRS $58 million, which was paid for from cash on hand. iController will become a BTRS subsidiary, and continue operating in Belgium and the Netherlands – expanding BTRS’ footprint in Western Europe.

    This move put some of BTRS’ cash holdings to sound use. The company finished Q3 this year with over $265 million in liquid assets, before the acquisition. BTRS also reported revenues of $41.4 million in Q3, up an 8% year-over-year. The gain was driven mainly be a solid performance in software and payments; that segment saw revenue increase by 21.5% yoy, to reach $26 million.

    Even with that, however, the stock dropped sharply this year, losing 45% of its value. Yet, JPMorgan's 5-star analyst Tien-tsin Huang sees the current low share price as a chance to buy in.

    “Broad-based momentum across the business drove net revenue mildly ahead of expectations. Management suggested greater upside in the key Software/Payments segment," Huang noted. "We think relative valuation is attractive... Stock is trading at a low enough discount now that compounding steady high-teens plus gross profit growth should be good enough for the stock to compound higher as sentiment improves from stable to improving growth.

    To this end, Huang gives BTRS an Overweight (i.e. Buy) rating, with a $15 price target predicting 72% share growth in the year ahead. (To watch Huang’s track record, click here)

    Overall, it’s clear from the Strong Buy consensus that Wall Street agrees with the bullish outlook here. The consensus view is based on a unanimous 5 recent reviews. The share price stands at $8.72 and the average price target of $14.20 implies ~63% upside potential.
    BTRS Holdings (BTRS)

    We’ll start with BTRS Holdings, or Billtrust, a leader in the payment processing niche. BTRS serves business customers in the US, with a B2B accounts receivable automation software platform. This holding company’s subsidiaries provide solutions for cloud-based software and integrated payment processing, including online ordering, invoicing, remittance capture, and accounts receivable. The company boasts over 40 verticals covering a range of industries, and a 98% customer retention rate.
  • R
    Ryan
    By my calculations if the API business continues its growth it will be generating 1.2 Billion+ in revenue by 2023, which is more than what Twilio is going to do this year. So assuming no growth from the rest of business (despite the fact UCaas will continue to grow) and we give VG a Twilio multiple then I'd expect this to be a $72 stock by mid-2023.
  • R
    Ryan
    Time to fire Alan. Two 50% drops in the span of 18 months, and the applications segment has been driven to the ground under his leadership. Yes he has moved the product forward but at the same time lost massive market share to RNG. Charismatic guy, I like him, but the results speak for themselves.
  • A
    AndreC
    Oppenheimer analyst Timothy Horan maintained a Buy rating on Vonage Holdings (VG – Research Report) today and set a price target of $14. The company’s shares closed yesterday at $10.45.
    Horan said:
    “Consolidated revenue beat our ests. by 60 bps, and EBITDA margins were a slight 50 bps miss vs. our estimate, but a 25% YOY decline as the company invests in sales and its one network platform to accelerate growth. Gross margin increased 30 bps sequentially to 59.4%. UCaaS saw a slight tick up in growth to 13%, with Nexmo in line with recent trends at 42%. VG’s two recent acquisitions (NewVoiceMedia and Tokbox), should help it appeal to larger customers with its unique set of CPaaS services. VG business revenues are now 65% of revenues and growing 23%, and accelerating, helped by innovative new services—CX CPaaS offerings. Full year guidance was maintained.”
    According to TipRanks.com, Horan is a top 25 analyst with an average return of 17.3% and a 76.5% success rate. Horan covers the Technology sector, focusing on stocks such as Interxion Holding NV, Boingo Wireless Inc, and Limelight Networks.
    The word on The Street in general, suggests a Strong Buy analyst consensus rating for Vonage Holdings with a $14 average price target, representing a 34.0% upside. In a report issued on April 24, Stephens also reiterated a Buy rating on the stock.
  • B
    Bronson
    $10+ on the horizon.
  • k
    karlo
    Rory Read should have fired him a long time ago. Omar Javaid has the highest salary of all and has no result.
    President, API Platform Group at VONAGE HOLDINGS CORP, Omar Javaid made $4,487,632 in total compensation. Of this total $420,192 was received as a salary, $250,991 was received as a bonus, $0 was received in stock options, $3,798,949 was awarded as stock and $17,500 came from other types of compensation. This information is according to proxy statements filed for the 2019 fiscal year.
  • P
    Peter
    Vonage is starting a marketing campaign to try to convince everyone it does more than home telco. (See link in my post below). Nice idea. But if you really want to do something positive--CHANGE THE NAME OF THE COMPANY!
  • W
    Wookie
    Just read the Proxy Statement. How could this board approve an 81% bonus payout when they barely sqeaked by the minimum target for Bus Revenue in 2020. Bus Rev makes up 75% of overall bonus target. While the rest of us took a 25% hit on the stock price this leadership team got 81% of bonus. All because of layup EBITDA max target. The difference from target to max doesnt even cover the bonus expense itself. Fisher should be thrown off the board for approving that plan. No wonder they blew EPS by so much. Hats off to whoever sold the board that plan back in Feb 2020. Fisher is up for election so vote your shares. send a message. Yeah and good job for blowing out that BS 5% net promoter score metric.
  • A
    AndreC
    Vonage (NASDAQ:VG) gains significant technology and developer-focused talent, and expertise in conversational commerce with this acquisition.
    The purchase also compliments the singular Vonage Communications Platform and APIs portfolio.
    "The addition of Jumper.ai's conversational commerce and omnichannel capabilities fits perfectly into Vonage's strategy and is a natural extension of Vonage's offerings. It transforms customer interactions from notifications and simple communications to conversations across the spectrum of customer engagement points
  • R
    Ryan
    What a disaster. One year performance:

    RNG: 41%
    BAND: 23%
    FIVN: 26%
    TWLO: 36%
    VG: -25%

    Good thing management compensates itself nicely. Shareholder value is only under-performing peers by 50%.