Seeking Alpha

Vonage (VG +11.6%) has soared after: 1) Beating Q4 estimates. 2) Announcing a $100M stock...

Vonage (VG +11.6%) has soared after: 1) Beating Q4 estimates. 2) Announcing a $100M stock buyback (currently good for repurchasing ~1/6 of shares). 3) Establishing a new $145M credit facility, $43M of which has been spent on retiring debt from a prior facility. 4) Forming a JV with Brazil's Datora Telecom to offer VoIP services in the country. Vonage's ARPU rose $0.84 Q/Q in Q4 to $30.15, but it saw a net loss of 5.7K lines (compared with a 9.4K gain in Q3). Churn was steady at 2.5%. (PR) (transcript)

Check out Seeking Alpha’s new Earnings Center »

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs