Zacks: Analysts Expect Vonage Holdings Corp. (NYSE:VG) Will Post Quarterly Sales of $367.68 Million

Wall Street brokerages predict that Vonage Holdings Corp. (NYSE:VGGet Rating) will report $367.68 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Vonage’s earnings. The highest sales estimate is $373.40 million and the lowest is $362.33 million. Vonage posted sales of $332.90 million during the same quarter last year, which suggests a positive year-over-year growth rate of 10.4%. The firm is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Vonage will report full-year sales of $1.55 billion for the current year, with estimates ranging from $1.52 billion to $1.59 billion. For the next year, analysts expect that the company will post sales of $1.81 billion, with estimates ranging from $1.75 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Vonage.

Separately, started coverage on shares of Vonage in a research report on Thursday, March 31st. They set a “sell” rating on the stock.

VG traded up $0.09 during trading on Wednesday, hitting $20.25. 104,349 shares of the company’s stock were exchanged, compared to its average volume of 4,748,636. Vonage has a 1 year low of $12.15 and a 1 year high of $20.92.

About Vonage (Get Rating)

Vonage Holdings Corp. primarily operates as a cloud communications company in the United States, Canada, the United Kingdom, the European Union, and Asia. It operates in two segments, Vonage Communications Platform and Consumer. The Vonage Communications Platform segment offers programmable, embeddable, and customizable application program interfaces that enable software developers to build communications capabilities, such as messaging and voice calling within their applications; and Vonage Contact Center, a cloud contact center solution.

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