Shares of Vonage Holdings Corp. (NYSE:VG) ended Thursday session in red amid volatile trading. The shares closed down -0.03 points or -0.52% at $5.78 with 3.42 million shares getting traded. Post opening the session at $5.77, the shares hit an intraday low of $5.67 and an intraday high of $5.81 and the price vacillated in this range throughout the day. The company has a market cap of $1.23 billion and the numbers of outstanding shares have been calculated to be 216.43 million shares.
Vonage Holdings Corp. (VG) on Sept. 1, 2016 announced that it has been named a Visionary by Gartner®, Inc. in the 2016 Magic Quadrant for Unified Communications as a Service, Worldwide1
Vonage has built a broad suite of Unified Communications as a Service (UCaaS) solutions to meet the growing communications needs of businesses of all sizes, including the ability to deploy large customers with QoS guarantees offering them robust Unified Communications as a Service (UCaaS) functionality; strong project management with its award-winning proprietary backoffice account management platform Zeus; and customer support capabilities. The Company has successfully integrated multiple acquisitions and is focused on innovation to drive the future of cloud communications with its recently-acquired global Communications Platform as a Service (CPaaS) company, Nexmo.
“We believe to be included in the Visionaries quadrant is a testament to Vonage’s vision to become the clear leader in cloud communications,” said Alan Masarek, Vonage Chief Executive Officer. “By leveraging corporate assets, such as our nearly iconic brand, strong cash flows and deep expertise in cloud communications, we are accelerating the growth of Vonage Business and creating a powerful value proposition for our customers – one that offers end-to-end integration of business communications for a better customer experience and deeper customer relationships.”