Intrinsic value of Vonage Holdings - VG

Previous Close

$10.83

  Intrinsic Value

$6.03

stock screener

  Rating & Target

sell

-44%

Previous close

$10.83

 
Intrinsic value

$6.03

 
Up/down potential

-44%

 
Rating

sell

We calculate the intrinsic value of VG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.6

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  3.20
  3.38
  3.54
  3.69
  3.82
  3.94
  4.04
  4.14
  4.23
  4.30
  4.37
  4.44
  4.49
  4.54
  4.59
  4.63
  4.67
  4.70
  4.73
  4.76
  4.78
  4.80
  4.82
  4.84
  4.86
  4.87
  4.88
  4.90
  4.91
  4.92
Revenue, $m
  1,034
  1,069
  1,107
  1,148
  1,192
  1,239
  1,289
  1,342
  1,399
  1,459
  1,523
  1,590
  1,662
  1,737
  1,817
  1,901
  1,990
  2,083
  2,182
  2,286
  2,395
  2,510
  2,631
  2,759
  2,893
  3,033
  3,182
  3,337
  3,501
  3,673
Variable operating expenses, $m
  699
  721
  745
  770
  797
  826
  858
  891
  926
  963
  946
  988
  1,032
  1,079
  1,129
  1,181
  1,236
  1,294
  1,355
  1,420
  1,488
  1,559
  1,635
  1,714
  1,797
  1,884
  1,976
  2,073
  2,175
  2,282
Fixed operating expenses, $m
  275
  281
  287
  293
  300
  307
  313
  320
  327
  334
  342
  349
  357
  365
  373
  381
  389
  398
  407
  416
  425
  434
  444
  453
  463
  474
  484
  495
  506
  517
Total operating expenses, $m
  974
  1,002
  1,032
  1,063
  1,097
  1,133
  1,171
  1,211
  1,253
  1,297
  1,288
  1,337
  1,389
  1,444
  1,502
  1,562
  1,625
  1,692
  1,762
  1,836
  1,913
  1,993
  2,079
  2,167
  2,260
  2,358
  2,460
  2,568
  2,681
  2,799
Operating income, $m
  60
  67
  75
  84
  95
  106
  118
  131
  146
  161
  235
  253
  273
  293
  315
  339
  364
  391
  420
  450
  482
  517
  553
  591
  632
  675
  721
  769
  821
  875
EBITDA, $m
  157
  166
  175
  186
  198
  211
  225
  241
  257
  275
  294
  315
  337
  361
  386
  413
  442
  472
  505
  539
  576
  614
  655
  699
  745
  794
  845
  899
  957
  1,018
Interest expense (income), $m
  12
  13
  13
  14
  15
  16
  16
  17
  19
  20
  21
  22
  23
  25
  26
  28
  29
  31
  33
  35
  37
  39
  41
  44
  46
  49
  52
  55
  58
  61
  64
Earnings before tax, $m
  47
  54
  61
  70
  79
  89
  101
  113
  126
  141
  213
  230
  248
  267
  288
  310
  333
  358
  385
  413
  443
  475
  509
  545
  583
  624
  666
  712
  760
  810
Tax expense, $m
  13
  15
  17
  19
  21
  24
  27
  30
  34
  38
  58
  62
  67
  72
  78
  84
  90
  97
  104
  112
  120
  128
  137
  147
  157
  168
  180
  192
  205
  219
Net income, $m
  35
  39
  45
  51
  58
  65
  73
  82
  92
  103
  156
  168
  181
  195
  210
  226
  243
  261
  281
  302
  324
  347
  372
  398
  426
  455
  486
  519
  554
  591

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  886
  916
  949
  984
  1,021
  1,062
  1,104
  1,150
  1,199
  1,250
  1,305
  1,363
  1,424
  1,489
  1,557
  1,629
  1,705
  1,785
  1,870
  1,959
  2,052
  2,151
  2,255
  2,364
  2,479
  2,599
  2,726
  2,860
  3,000
  3,148
Adjusted assets (=assets-cash), $m
  886
  916
  949
  984
  1,021
  1,062
  1,104
  1,150
  1,199
  1,250
  1,305
  1,363
  1,424
  1,489
  1,557
  1,629
  1,705
  1,785
  1,870
  1,959
  2,052
  2,151
  2,255
  2,364
  2,479
  2,599
  2,726
  2,860
  3,000
  3,148
Revenue / Adjusted assets
  1.167
  1.167
  1.166
  1.167
  1.167
  1.167
  1.168
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
  1.167
Average production assets, $m
  347
  358
  371
  385
  399
  415
  432
  450
  469
  489
  510
  533
  557
  582
  609
  637
  667
  698
  731
  766
  802
  841
  881
  924
  969
  1,016
  1,066
  1,118
  1,173
  1,231
Working capital, $m
  -71
  -74
  -76
  -79
  -82
  -85
  -89
  -93
  -97
  -101
  -105
  -110
  -115
  -120
  -125
  -131
  -137
  -144
  -151
  -158
  -165
  -173
  -182
  -190
  -200
  -209
  -220
  -230
  -242
  -253
Total debt, $m
  245
  258
  273
  288
  305
  323
  343
  363
  385
  408
  433
  459
  486
  515
  546
  578
  612
  648
  686
  726
  768
  813
  859
  908
  960
  1,014
  1,071
  1,131
  1,194
  1,260
Total liabilities, $m
  398
  411
  426
  442
  459
  477
  496
  516
  538
  561
  586
  612
  639
  668
  699
  731
  766
  802
  840
  879
  922
  966
  1,012
  1,061
  1,113
  1,167
  1,224
  1,284
  1,347
  1,413
Total equity, $m
  488
  505
  523
  542
  563
  585
  609
  634
  661
  689
  719
  751
  785
  820
  858
  898
  940
  984
  1,030
  1,079
  1,131
  1,185
  1,242
  1,302
  1,366
  1,432
  1,502
  1,576
  1,653
  1,734
Total liabilities and equity, $m
  886
  916
  949
  984
  1,022
  1,062
  1,105
  1,150
  1,199
  1,250
  1,305
  1,363
  1,424
  1,488
  1,557
  1,629
  1,706
  1,786
  1,870
  1,958
  2,053
  2,151
  2,254
  2,363
  2,479
  2,599
  2,726
  2,860
  3,000
  3,147
Debt-to-equity ratio
  0.500
  0.510
  0.520
  0.530
  0.540
  0.550
  0.560
  0.570
  0.580
  0.590
  0.600
  0.610
  0.620
  0.630
  0.640
  0.640
  0.650
  0.660
  0.670
  0.670
  0.680
  0.690
  0.690
  0.700
  0.700
  0.710
  0.710
  0.720
  0.720
  0.730
Adjusted equity ratio
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551
  0.551

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  35
  39
  45
  51
  58
  65
  73
  82
  92
  103
  156
  168
  181
  195
  210
  226
  243
  261
  281
  302
  324
  347
  372
  398
  426
  455
  486
  519
  554
  591
Depreciation, amort., depletion, $m
  97
  99
  100
  102
  103
  105
  107
  109
  111
  114
  59
  62
  65
  68
  71
  74
  78
  81
  85
  89
  93
  98
  102
  107
  113
  118
  124
  130
  136
  143
Funds from operations, $m
  132
  138
  145
  153
  161
  170
  181
  192
  204
  216
  215
  230
  246
  263
  281
  300
  321
  343
  366
  391
  417
  445
  474
  505
  538
  573
  610
  649
  691
  735
Change in working capital, $m
  -2
  -2
  -3
  -3
  -3
  -3
  -3
  -4
  -4
  -4
  -4
  -5
  -5
  -5
  -6
  -6
  -6
  -6
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -10
  -10
  -11
  -11
  -12
Cash from operations, $m
  134
  140
  147
  155
  164
  174
  184
  195
  207
  221
  219
  234
  251
  268
  286
  306
  327
  349
  373
  398
  424
  453
  482
  514
  548
  583
  621
  660
  702
  746
Maintenance CAPEX, $m
  -39
  -40
  -42
  -43
  -45
  -46
  -48
  -50
  -52
  -54
  -57
  -59
  -62
  -65
  -68
  -71
  -74
  -78
  -81
  -85
  -89
  -93
  -98
  -102
  -107
  -113
  -118
  -124
  -130
  -136
New CAPEX, $m
  -11
  -12
  -13
  -14
  -15
  -16
  -17
  -18
  -19
  -20
  -21
  -23
  -24
  -25
  -27
  -28
  -30
  -31
  -33
  -35
  -37
  -39
  -41
  -43
  -45
  -47
  -50
  -52
  -55
  -58
Cash from investing activities, $m
  -50
  -52
  -55
  -57
  -60
  -62
  -65
  -68
  -71
  -74
  -78
  -82
  -86
  -90
  -95
  -99
  -104
  -109
  -114
  -120
  -126
  -132
  -139
  -145
  -152
  -160
  -168
  -176
  -185
  -194
Free cash flow, $m
  84
  88
  93
  99
  105
  111
  119
  127
  136
  146
  141
  152
  165
  178
  192
  207
  223
  240
  259
  278
  299
  321
  344
  369
  395
  423
  453
  484
  517
  552
Issuance/(repayment) of debt, $m
  12
  13
  15
  16
  17
  18
  19
  21
  22
  23
  25
  26
  27
  29
  31
  32
  34
  36
  38
  40
  42
  44
  47
  49
  52
  54
  57
  60
  63
  66
Issuance/(repurchase) of shares, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  12
  13
  15
  16
  17
  18
  19
  21
  22
  23
  25
  26
  27
  29
  31
  32
  34
  36
  38
  40
  42
  44
  47
  49
  52
  54
  57
  60
  63
  66
Total cash flow (excl. dividends), $m
  96
  102
  108
  114
  122
  130
  138
  148
  158
  169
  166
  178
  192
  207
  223
  239
  257
  276
  296
  318
  341
  365
  391
  418
  447
  477
  510
  544
  580
  619
Retained Cash Flow (-), $m
  -15
  -17
  -18
  -19
  -21
  -22
  -24
  -25
  -27
  -28
  -30
  -32
  -34
  -36
  -38
  -40
  -42
  -44
  -47
  -49
  -52
  -54
  -57
  -60
  -63
  -67
  -70
  -74
  -77
  -81
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  81
  85
  90
  95
  101
  107
  115
  123
  131
  141
  135
  147
  158
  171
  185
  200
  215
  232
  250
  269
  289
  311
  334
  358
  384
  411
  440
  471
  503
  537
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  77
  78
  78
  78
  78
  78
  77
  77
  75
  74
  64
  63
  60
  57
  54
  51
  47
  43
  38
  34
  30
  26
  22
  18
  15
  12
  9
  7
  5
  4
Current shareholders' claim on cash, %
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Vonage Holdings Corp. is a provider of cloud communications services for businesses and consumers, and consumer and communication solutions across multiple devices. The Company operates through two segments: Business and Consumer. For business services customers, the Company provides cloud-based unified communications as a service (UCaaS) solutions, consisting of integrated voice, text, video, data, collaboration, and mobile applications over its scalable session initiation protocol (SIP) based voice over Internet protocol (VoIP) network. It serves a range of the business market, including the small and medium business (SMB), mid-market and enterprise segments. Through its cloud-based middleware solution, gUnify, the Company provides customers the ability to integrate its cloud communications platform with various cloud-based productivity and customer relationship management (CRM) solutions, including Google's G Suite, Zendesk, Salesforce's Sales Cloud, Oracle and Clio.

FINANCIAL RATIOS  of  Vonage Holdings (VG)

Valuation Ratios
P/E Ratio 131.8
Price to Sales 2.5
Price to Book 5.4
Price to Tangible Book
Price to Cash Flow 27.3
Price to Free Cash Flow 48.4
Growth Rates
Sales Growth Rate 6.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 11.8%
Cap. Spend. - 3 Yr. Gr. Rate 11.6%
Financial Strength
Quick Ratio 1
Current Ratio 0
LT Debt to Equity 68.6%
Total Debt to Equity 73.7%
Interest Coverage 4
Management Effectiveness
Return On Assets 2.9%
Ret/ On Assets - 3 Yr. Avg. 3.4%
Return On Total Capital 2.6%
Ret/ On T. Cap. - 3 Yr. Avg. 3.6%
Return On Equity 4.4%
Return On Equity - 3 Yr. Avg. 5.5%
Asset Turnover 1.1
Profitability Ratios
Gross Margin 62.8%
Gross Margin - 3 Yr. Avg. 66.3%
EBITDA Margin 12.1%
EBITDA Margin - 3 Yr. Avg. 12.4%
Operating Margin 4.7%
Oper. Margin - 3 Yr. Avg. 5.8%
Pre-Tax Margin 3.2%
Pre-Tax Margin - 3 Yr. Avg. 4.6%
Net Profit Margin 1.9%
Net Profit Margin - 3 Yr. Avg. 2.3%
Effective Tax Rate 41.9%
Eff/ Tax Rate - 3 Yr. Avg. 41.7%
Payout Ratio 0%

VG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the VG stock intrinsic value calculation we used $1002.286 million for the last fiscal year's total revenue generated by Vonage Holdings. The default revenue input number comes from 0001 income statement of Vonage Holdings. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our VG stock valuation model: a) initial revenue growth rate of 3.2% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for VG is calculated based on our internal credit rating of Vonage Holdings, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Vonage Holdings.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of VG stock the variable cost ratio is equal to 67.8%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $269 million in the base year in the intrinsic value calculation for VG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Vonage Holdings.

Corporate tax rate of 27% is the nominal tax rate for Vonage Holdings. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the VG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for VG are equal to 33.5%.

Life of production assets of 8.6 years is the average useful life of capital assets used in Vonage Holdings operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for VG is equal to -6.9%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $472.898 million for Vonage Holdings - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 239.059 million for Vonage Holdings is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Vonage Holdings at the current share price and the inputted number of shares is $2.6 billion.

RELATED COMPANIES Price Int.Val. Rating
IDT IDT Cl B 8.17 12.90  str.buy
BCE BCE 41.70 56.78  buy
EGHT 8X8 18.60 1.08  str.sell
CALL magicJack Voca 8.67 12.66  buy
T AT&T 30.12 51.95  str.buy
VZ Verizon Commun 59.08 66.50  buy
CTL CenturyLink 18.96 62.90  str.buy
FTR Frontier Commu 3.75 80.51  str.buy

COMPANY NEWS

▶ Why Vonage Holdings Corp. Stock Fell on Friday   [Nov-02-18 05:19PM  Motley Fool]
▶ Vonage: 3Q Earnings Snapshot   [08:23AM  Associated Press]
▶ CR-X, Inc launches strategic partnership with Vonage   [Oct-02-18 09:00AM  PR Newswire]
▶ Vonage Appoints Rishi Dave as Chief Marketing Officer   [Oct-01-18 08:30AM  PR Newswire]
▶ Why Cloud Communications Stocks Soared in August   [Sep-06-18 03:24PM  Motley Fool]
▶ The Funded: 14 Bay Area startups raise nearly $650M at midweek   [Aug-01-18 03:40PM  American City Business Journals]
▶ Vonage: 2Q Earnings Snapshot   [08:29AM  Associated Press]
▶ Vonage to Present at Upcoming Investor Conferences   [May-25-18 08:30AM  PR Newswire]
▶ Does Vonage Holdings Corp (NYSE:VG) Fall With The Market?   [May-15-18 01:55PM  Simply Wall St.]
▶ Vonage: 1Q Earnings Snapshot   [08:31AM  Associated Press]
▶ Vonage to Present at Upcoming Investor Conferences   [Apr-27-18 10:02AM  PR Newswire]
▶ Should You Buy Vonage Holdings Corp (NYSE:VG) Now?   [Apr-20-18 07:30PM  Simply Wall St.]
▶ Vonage Announces Vee a Virtual Assistant Chatbot   [Apr-17-18 08:30AM  PR Newswire]
▶ Vonage Names Sagi Dudai Chief Technology Officer   [Apr-04-18 08:30AM  PR Newswire]
▶ Vonage Holdings Corp (NYSE:VG): Are Analysts Optimistic?   [Mar-20-18 03:42PM  Simply Wall St.]
▶ Estimating The Fair Value Of Vonage Holdings Corp (NYSE:VG)   [Mar-01-18 07:55PM  Simply Wall St.]
▶ Vonage Granted 15 New Patents   [Feb-27-18 08:30AM  PR Newswire]
▶ Vonage reports 4Q loss   [08:31AM  Associated Press]
▶ 3 Cheap Value Plays Pay Off in a Rich Way   [Jan-29-18 10:00AM  TheStreet.com]
▶ How Vonage Holdings, Inc. Stock Rose 48.5% in 2017   [Jan-08-18 08:47PM  Motley Fool]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.