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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Vonage Holdings Corp.    VG

VONAGE HOLDINGS CORP.

(VG)
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Vonage : Wins 2020 Leading Lights Award for the Most Innovative Business Cloud Service

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09/16/2020 | 03:31am EDT

Vonage (Nasdaq: VG), a global leader in cloud communications helping businesses accelerate their digital transformation, is pleased to announce that it has received Light Reading's Leading Lights Awards 2020 for the Vonage Communications Platform in the Most Innovative Business Cloud Service category.

Light Reading received hundreds of entries in 21 different categories for this year's awards. The Leading Lights are chosen through independent analysis of the people, products, and companies Light Reading covers. The awards are the next-generation communications industry's most coveted honour.

Providing unified communications, contact centres and communications APIs that transform how businesses connect and operate, the Vonage Communications Platform enables businesses to create unique experiences for their customers on any channel, from anywhere.

Vonage brings both power and flexibility to its customers through the integration of multiple channels via Communications APIs − Video, Voice, Chat, Messaging and Verification − into their applications, products, and workflows to create new paradigms in their industries to disrupt and change almost every industry on the planet.

"We are honoured to receive this prestigious award for the second consecutive year," said Jay Patel, Chief Product Officer for Vonage. “At Vonage we are committed to helping businesses accelerate their digital transformation journeys by delivering the flexibility, security, and innovative tools companies need to drive enhanced employee and customer experiences from the office or anywhere across the globe.”

"This year's Leading Lights Awards entries show how the global communications industry is experiencing and embracing change, all while continuing to improve one of modern society's foundational resources," said Light Reading Editor-in-Chief Phil Harvey. "The judges were challenged to pick winners among several groups of really closely matched finalists and we think the whole group should be proud of their achievements. Congratulations, everyone."

The awards are judged by the Light Reading editorial team with help from the Heavy Reading analyst team.

About Vonage

Vonage, (Nasdaq:VG) a global cloud communications leader, helps businesses accelerate their digital transformation. Vonage's Communications Platform is fully programmable and allows for the integration of Video,Voice, Chat, Messaging and Verification into existing products, workflows and systems. Vonage's fully programmable unified communications and contact centre applications are built from the Vonage platform and enable companies to transform how they communicate and operate from the office or anywhere, providing enormous flexibility and ensuring business continuity.

Vonage Holdings Corp. is headquartered in New Jersey, with offices throughout the United States, Europe, Israel, Australia and Asia. To follow Vonage on Twitter, please visit twitter.com/vonage. To become a fan on Facebook, go to facebook.com/vonage. To subscribe on YouTube, visit youtube.com/vonage.

About Light Reading

Light Reading is an independent B2B digital media platform providing daily news analysis and insight for the global communications networking and services industry. Our broad readership and solid reputation make us the leading resource for telecom, mobile and cable network operators; cloud services players; and all the companies that develop and supply them with technology, applications and professional services. Light Reading has over 500,000 qualified registered users, our websites attract over 1.3 million monthly page views and our newsletters are sent out to 220,000 opt-in subscribers. Our brand is also active across all social media channels, with over 100,000 members and followers. The Light Reading Group incorporates a dedicated research division, Heavy Reading; more than 15 successful annual industry events, including the Big 5G Event; several targeted online communities, including The 5G Exchange, Connecting Africa and Broadband World News, that dig even deeper into key areas of the global communications industry; and its sister industry news site Telecoms.com.

© Business Wire 2020

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Financials (USD)
Sales 2020 1 225 M - -
Net income 2020 -27,1 M - -
Net Debt 2020 451 M - -
P/E ratio 2020 -98,0x
Yield 2020 -
Capitalization 2 681 M 2 681 M -
EV / Sales 2020 2,56x
EV / Sales 2021 2,39x
Nbr of Employees 2 264
Free-Float 72,3%
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Mean consensus BUY
Number of Analysts 14
Average target price 14,31 $
Last Close Price 10,96 $
Spread / Highest target 50,5%
Spread / Average Target 30,5%
Spread / Lowest Target 9,49%
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Managers
NameTitle
Rory P. Read President, Chief Executive Officer & Director
Jeffrey Adam Citron Chairman
Timothy S. Shaughnessy Chief Financial Officer
Sagi Dudai Chief Technology Officer
Sanjay Macwan Chief Information Security Officer & SVP
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