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Vonage Holdings Future Growth

Future criteria checks 1/6

Key information

-11.1%

Earnings growth rate

-11.7%

EPS growth rate

Software earnings growth	17.6%
Revenue growth rate	14.6%
Future return on equity	15.1%
Analyst coverage	Low
Last updated	n/a

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NasdaqGS:VG - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2024	2,050	N/A	N/A	N/A	1
12/31/2023	1,775	-48	N/A	168	3
12/31/2022	1,536	-36	122	157	4
3/31/2022	1,369	-41	93	152	N/A
12/31/2021	1,339	-24	103	159	N/A
9/30/2021	1,296	-16	109	166	N/A
6/30/2021	1,253	-24	78	135	N/A
3/31/2021	1,217	-33	73	129	N/A
12/31/2020	1,185	-36	31	84	N/A
9/30/2020	1,166	-25	33	85	N/A
6/30/2020	1,147	-36	52	104	N/A
3/31/2020	1,129	-23	41	93	N/A
12/31/2019	1,106	-19	44	93	N/A
9/30/2019	1,093	-24	42	89	N/A
6/30/2019	1,074	7	48	85	N/A
3/31/2019	1,055	11	71	102	N/A
12/31/2018	972	36	96	123	N/A
9/30/2018	1,029	-13	117	142	N/A
6/30/2018	1,021	-12	132	161	N/A
3/31/2018	1,013	-15	102	134	N/A
12/31/2017	1,002	-34	95	128	N/A
9/30/2017	995	19	70	104	N/A
6/30/2017	990	16	52	84	N/A
3/31/2017	972	11	60	93	N/A
12/31/2016	956	13	56	93	N/A
9/30/2016	939	19	73	116	N/A
6/30/2016	914	15	81	126	N/A
3/31/2016	902	23	96	136	N/A
12/31/2015	895	25	N/A	134	N/A
9/30/2015	879	32	N/A	115	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: VG is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: VG is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: VG is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: VG's revenue (14.6% per year) is forecast to grow faster than the US market (8% per year).

High Growth Revenue: VG's revenue (14.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: VG's Return on Equity is forecast to be low in 3 years time (15.1%).

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Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/07/22 00:50
End of Day Share Price	2022/07/20 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Vonage Holdings Corp. is covered by 20 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
William Power	Baird
Ryan MacWilliams	Barclays
Gregory Miller	Canaccord Genuity

This company has been acquired

Vonage Holdings Future Growth

Future criteria checks 1/6

Key information

Recent future growth updates

Consensus forecasts updated

Price target increased to US$20.60

Price target increased to US$17.23

Vonage Holdings Corp. Provides Consolidated Earnings Guidance for the Second Quarter and Full Year 2021

Recent updates

Vonage Holdings Corp.(NasdaqGS:VG) dropped from NASDAQ Composite Index

Telefonaktiebolaget LM Ericsson (publ) (OM:ERIC B) completed the acquisition of Vonage Holdings Corp. (NASDAQ:VG).

Vonage Holdings Corp.(NasdaqGS:VG) dropped from S&P TMI Index

Consensus forecasts updated

Vonage In The Golden Age Of Arb

First quarter 2022 earnings released: US$0.067 loss per share (vs US$0.002 loss in 1Q 2021)

High number of new directors

Vonage Holdings Corp. Announces Rodolpho Cardenuto, President of the Applications Group, to Leave the Company

Key Executive notifies of intention to sell stock

Independent Director notifies of intention to sell stock

CEO & Director recently sold US$5.1m worth of stock

Full year 2021 earnings: EPS exceeds analyst expectations

Key Executive notifies of intention to sell stock

Key Executive recently sold US$84m worth of stock

Merger Arbitrage Mondays - Ericsson To Acquire Vonage Holdings

Key Executive notifies of intention to sell stock

Vonage: $21/Share Takeover From Ericsson

Price target increased to US$20.60

Third quarter 2021 earnings released: US$0.008 loss per share (vs US$0.041 loss in 3Q 2020)

Vonage: Accelerating Growth Areas And Activist Still Present

Vonage Launches AI Virtual Assistant for its UCaaS Solution to Deliver Enhanced, Self-Serve Capabilities

Vonage Introduces Video Express to Help Businesses Quickly and Simply Deliver Flexible, Personalized, and Quality Video Experiences for Large Audiences

Vonage SMS and Video APIs Power HIPAA-Compliant Hybrid Health Experiences to Enable Healthcare Organizations to Build Secure, Compliant Customer Communications

Vonage: A Potential Double With A Smart Activist Reportedly Pushing For A Sale

Price target increased to US$17.23

Vonage: A Fast Grower Hidden Under A Cash Cow

Chief Technology Officer Sagi Dudai has left the company

Vonage Holdings Corp.(NasdaqGS:VG) dropped from Russell 3000E Value Index

Key Executive notifies of intention to sell stock

Independent Director Gary Steele has left the company

Vonage Holdings Corp. Provides Consolidated Earnings Guidance for the Second Quarter and Full Year 2021

First quarter 2021 earnings released: US$0.002 loss per share (vs US$0.015 loss in 1Q 2020)

Vonage Announces Launch of Redesigned Channel Partner Program and Partner Experience Portal

Vonage Holdings Q1 2021 Earnings Preview

Key Executive notifies of intention to sell stock

President of API Platform Group recently sold US$1.1m worth of stock

New 90-day low: US$12.05

PopBox Asia Services Selects Vonage to Enhance its Last-Mile Delivery Process in Indonesia

Full year 2020 earnings released: US$0.15 loss per share (vs US$0.08 loss in FY 2019)

Revenue and earnings beat expectations

Vonage Appoints Savinay Berry as EVP, Product and Engineering and a Member of the Company's Executive Leadership Team, Effective March 1, 2021

Key Executive notifies of intention to sell stock

Vonage Holdings Corp. Announces Appointment of Stephen Lasher as Chief Financial Officer, Effective January 29, 2021 Replacing Tim Shaughnessy

New 90-day high: US$14.05

Vonage Appoints Jay Bellissimo as Chief Operating Officer

Wall Street English selects Vonage's digital classrooms solution

Vonage Holdings Corp. Enters into an Amendment to Timothy Shaughnessy Fixed Term Employment Contract

New 90-day high: US$13.97

Vonage Powers Carbyne Next-Generation Emergency Response System

Vonage Video API to Enhance Online Sales System Provider bellFace’s Sales and Customer Care Solution

Chief Strategy Officer exercised options and sold US$362k worth of stock

Vonage Partners with QU-in to Power Virtual Queuing Capabilities

Vonage and Yameo Announces Strategic Partnership, Offer Custom Video Solutions Throughout Europe, Africa and the Middle East

Vonage: Facing Tough Competition In The CPaaS Market

Vonage Powers Customer Support Communications and Authentication Solutions for Global Manufacturer Fisher & Paykel

Volteo Digital Names Vonage Partner of Choice to Power Enhanced Customer and Contact Center Experience

Vonage Partners with MODRON to Power Digital Dispute Resolution Platform

Vonage and Evolutio Announce Strategic Partnership, Offer Vonage Contact Center to Companies Throughout Spain

Key Executive notifies of intention to sell stock

JingleRing Chooses Vonage to Power Virtual Santa Experience Platform

Vonage Partners with Feros Care to Provide Social and Telehealth Solutions

Vonage Helps AIoT Platform Tuya Power Smart Home Products with Communication and Authentication Solutions

Tuya selects Vonage for communication and authentication solutions

Revenue and earnings beat expectations

Third quarter 2020 earnings released: US$0.041 loss per share

New 90-day high: US$12.72

Vonage Chosen by Software Solved to Power Virtual Surveyor Solution in the UK, Reduces COVID-19 Exposure

Vonage Holdings Q3 2020 Earnings Preview

Vonage Holdings Corp. to Report Q3, 2020 Results on Nov 05, 2020

Vonage and Xede Partner to Accelerate Digital Transformation