Vonage Holdings Corp. (VG) Plunges 6.17% on September 23

Equities Staff  |

Vonage Holdings Corp. (VG) had a rough trading day for Wednesday September 23 as shares tumbled 6.17%, or a loss of $-0.65 per share, to close at $9.89. After opening the day at $10.50, shares of Vonage Holdings Corp. traded as high as $10.53 and as low as $9.87. Volume was 2.25 million shares over 13,086 trades, against an average daily volume of n/a shares and a total float of 245.55 million.

As a result of the decline, Vonage Holdings Corp. now has a market cap of $2.43 billion. In the last year, shares of Vonage Holdings Corp. have traded between a range of $12.99 and $4.18, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Vonage Holdings Corp., check out Equities.com’s Stock Valuation Analysis report for VG.

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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.

Vonage Holdings Corp. is based out of Holmdel, NJ and has some 2,264 employees. Its CEO is Rory P. Read.

Vonage Holdings Corp. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on Vonage Holdings Corp. and to follow the company’s latest updates, you can visit the company’s profile page here: VG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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