Vonage Holdings Corp. provides communications services connecting people through cloud-connected devices worldwide. It offers various business services, including basic dial tone, call queue, conferencing, call groups, mobile functionality, CRM integration, and detailed analytics, as well as Vonage Essential services. The company also provides home telephone replacement services through various service plans with basic features, such as voicemail, call waiting, call forwarding, simulring, visual voicemail, and extensions, as well as area code selection, virtual phone number, and Web-enabled voicemail. Its primary home telephone offering is Vonage World that offers unlimited domestic calling; calling to landline phones in approximately 60 countries; and calling to mobile phones in various countries. mobile services, including Vonage Mobile, a mobile application that provides free calling and messaging between users who have the application, as well as international calling to other phone; and Vonage-enabled devices, which allow customers to use the Internet connection for their computer and telephones at the same time. Further, it offers high-speed broadband Internet service that allows calls over the Internet either from a telephone through a Vonage-enabled device, or through soft phone software, or mobile client applications. The company sells its products through its sales agents, Websites, toll free numbers, and regional and national retailers for consumers and businesses in the United States, the United Kingdom, and Canada. As of December 31, 2015, it had approximately 2.5 million consumer subscriber lines and business seats. The company was incorporated in 2000 and is headquartered in Holmdel, New Jersey.
Vonage tops Street 3Q forecasts HOLMDEL, N.J. (AP) _ Vonage Holdings Corp. (VG) on Wednesday reported third-quarter profit of $9.1 million. The Holmdel, New Jersey-based company said it had profit of 4 cents per share. Earnings, adjusted for one-time gains and costs, were 8 cents per share. The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. The provider of phone services through cloud-connected devices posted revenue of $248.4 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $246.7 million. Vonage expects full-year revenue in the range of $950 million to $960 million. Vonage shares have climbed 12 percent since the beginning of the year. The stock has increased 4 percent in the last 12 months.
