VG - Shares of Vonage Holdings Corp. (VG) Exceed 52-Week High

Vonage Holdings Corp. (NASDAQ:VG) traded today at a new 52-week high of $16.37. Approximately 367,000 shares have changed hands today, as compared to an average 30-day volume of 2.4 million shares.

Vonage Holdings is a North American technology company that provides cloud communication services to businesses and consumers. For businesses, the company provides unified communications (as a service), which consists of integrated voice, text, video, data, and mobile applications over Voice over Internet Protocol network. For consumer service customers, there is a home telephone replacement service. This can include services such as voicemail, call waiting, and call forwarding. This service is delivered over the Internet. The company generates the vast majority of its revenue within the United States.

In the past 52 weeks, shares of Vonage Holdings Corp. have traded between a low of $9.52 and a high of $16.37 and is now at $16.14, which is 70% above that low price.

Vonage Holdings Corp. (NASDAQ:VG) has potential upside of 48.6% based on a current price of $16.14 and analysts' consensus price target of $23.98.

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