Vonage Holdings Corp. Announces Date of Earnings Release and Conference Call for Fourth Quarter and Full Year 2014 Financial Results
HOLMDEL, N.J., Jan. 20, 2015 /PRNewswire/ -- Vonage Holdings Corp. (VG), a leading provider of communications services for consumers and businesses across connected devices, will report its financial results for the fourth quarter and full year 2014 on Thursday, February 12, 2015. The earnings release will be available on Vonage's Investor Relations website
HOLMDEL, N.J., Jan. 12, 2015 /PRNewswire/ -- Vonage Holdings Corp. (VG) today announced that its Chief Executive Officer, Alan Masarek, is scheduled to present at the 17th Annual Needham Growth Conference in New York City on Wednesday, January 14, 2015 at 12:05 p.m. EST. A live webcast of this event may be accessed on the Vonage Investor Relations website
When Vonage purchased Vocalocity, it added on $30 million in revenue growth. However, the service provider is confident it can expand that revenue base throughout 2015.
"What's interesting is the market is growing in the 20s and we're growing in the 40s," Masarek said. "The reason I am so excited about the SMB space is that in 2015 our revenues are already equivalent to the pure play guys, we're growing at almost double their rate and we have the best brand and cost structure."
Masarek sees a number of opportunities with both Vocalocity and Telesphere because both of them provide VBS with platforms they did not have before.
Vocalocity brought a proprietary network to Vonage, while Telesphere brought a private MPLS network that leverages a core communications platform from Broadsoft.
"There's a very long tail of Broadsoft distributors, which will have a pretty profound effect," Masarek said. "Because we have the platform in place it will."
In particular, Vonage sees opportunity to not only enhance the relationships Telesphere had with master agents, but also value added resellers (VARs) who traditionally sold PBXs.
"There's not just the existing master agents we're working with but also the VAR channel that sold the PBX," Masarek said. "We're also looking at how to turn foe into friend economically so we're looking to see how can we can work with them."
Vonage sees UCaaS playing bigger role in the SMB market
January 9, 2015 | By Sean Buckley
Vonage may still be a relative newcomer in the business services space, but the service provider is seeing a number of untapped opportunities to appeal to the small to medium business (SMB) customer with unified communications as a service (UCaaS) products.
Speaking at the Citi 2015 Global Internet, Media & Telecommunications Conference, Alan Masarek, CEO of Vonage, said that the company is targeting businesses that are looking to replace their aging on-premise PBX phone system with a managed cloud service.
"We're generally taking share from the on-premise PBX," Masarek said. "What you see is about a 40 percent reduction in operating costs with no capex so rather than having to go and buy another key system, you move all of that to the cloud."
Masarek's thesis is not off the mark.
There are typically two main reasons a small business will migrate off a PBX system: lack of space to add more lines and the desire for richer features like one-number dialing for employees.
In particular, Vonage Business Solutions (VBS) says its total addressable market share is larger than other pure play UCaaS players because they serve all of the SMB market, particularly those businesses that have between 2-1,000 seats.
According to Frost and Sullivan, spending on cloud PBX replacement solutions is forecast to rise from $3 billion this year to $10 billion by 2020.
Traditionally known as an over-the-top (OTT) consumer VoIP player, Vonage has been arming itself with a new arsenal of business service capabilities by purchasing both Vocalocity and Telesphere.
The service provider sees potential to grow the existing business of both companies as part of the broader Vonage Business Solutions unit.
Vg CEO to Present at the Citi 2015 Internet, Media & Telecommunications Conference
Press Release: Vonage Holdings Corp. – 40 minutes ago
HOLMDEL, N.J., Dec. 31, 2014 /PRNewswire/ -- Vonage Holdings Corp. (VG) today announced that its Chief Executive Officer, Alan Masarek, is scheduled to present at the 2015 Citi Internet, Media & Telecommunications Conference in Las Vegas on Wednesday, January 7, 2015 at 1:15 p.m. PST (4:15 p.m. EST).
A live webcast of this event may be accessed on Vonage's Investor Relations website.
Trading Ideas: Breakfast Casserole and Cell Phone Providers
December 29, 2014 10:30 AM
Dragonflies Watching Prices
Vonage, VG, is another one ready to take off. It consolidated in a bottoming process since late May and is pushing higher now. A pullback to the support/resistance zone between 3.75 and 3.85 might be the last test before a turn higher. The pullback is working off the overbought condition on the RSI while the MACD continues higher. You could try it here against a stop at the bottom of the range or wait for it to start back higher.
More at Dragonfly Capital
Vonage Mobile App Brings New Functionality to Android Wear
Popular Communications App Includes Gesture Support for Smartwatch Users
HOLMDEL, N.J., Dec. 18, 2014 /PRNewswire/ -- Whether running into a meeting with their phone in their pocket or rushing to catch the train with it tucked in their bag, multi-tasking consumers don't always have the luxury of having their smartphone readily available to respond to a call, or may not even be aware someone is trying to reach them.
To help busy consumers communicate how and when they choose, Vonage announced today that its Vonage Mobile® App is now integrated with AndroidTM Wear. The App allows smartwatch users to reject incoming calls and reply to text messages without having to pull out their phone. Users simply reject a call with a double tap gesture that automatically replies to the caller with a pre-set "can't talk right now" message.
Android Wear users can respond to text messages with voice-to-text functionality or with one of five preset responses:
•In a meeting, can't talk right now
•Running late, be there soon
•I'll talk to you soon
"At Vonage, we believe communications should be easily accessible any time, anywhere, on any device, and our newest app update responds to a growing market demand in wearable technology," said Grady Leno, Vice President of Product Management, Mobile Services. "As consumer habits evolve, we know that seamless communication with smartwatches will be a must-have not just for early adopters but for everyone."
Vonage adds ‘can’t talk now’ by double tap on Android Wear watches
by Stowe Boyd
Dec. 15, 2014 - 1:38 PM PST .
Starting today, Vonage has added a new feature to its Mobile App on Android Wear watches: the company claims to be the first to offer users the capability to double tap to send one of five present responses to indicate ‘can’t talk now’. The choices are these:
•In a meeting, can’t talk right now
•Running late, be there soon
•I’ll talk to you soon
Users can also respond to a text with a voice-to-text response
I think it’s small affordances like these that will make the real case for wearables, and taking that last step into the intensely personal. I know that I would use the voice to text response several times a day.
A common sight today is the highly publicized events in which a celebrity or executive from a corporation stands behind the NYSE podium and pushes the button that signals the bells to ring. Many consider the act of ringing the bells to be quite an honor and a symbol of a lifetime of achievement.
In this sector of the cloud space, several small companies lead right now. They have all grown from the Internet to the Cloud over the last couple years.
• RingCentral is number one.
• Vonage is now number two after this Telesphere acquisition.
• 8x8 Inc is number three.
Vonage has been growing after acquiring another company called Vocalocity last year. They renamed this company Vonage Business Solutions. VBS has grown from 200 to 350 employees. It’s annual revenue growth has picked up from 38 pecent to 52 percent over the course of this past year. Telesphere has 108 employees.
So Vonage is still a small company, but is also a rapidly growing company in a healthy and changing space of telecom.
Telesphere offers voice, video and collaboration lines over cloud based services on all devices.
Alan Masarek replaced Marc Lefar as CEO of Vonage on November 6. Lefar took over several years ago after a bumpy start for the company. He stabilized the company and grew it as well.
“What happens next at Vonage is the big question. This acquisition, if as successful as the last, could let Vonage propel itself further into leadership of this sector of the cloud space," says Tech analyst Kagan.
“Either way, this sector is still a rather small space. However even in small spaces, there are strong growth stories. Will Vonage be one of them? That is the question,” says wireless analyst Kagan.
Industry Analyst Jeff Kagan on Vonage Acquiring Telesphere
Wednesday, November 26th 2014
What does the future look like for Vonage?” Asks Technology Industry Analyst Jeff Kagan who is available to speak with reporters, and may be quoted through this release.
Vonage Holdings Corp. is buying Telesphere Networks Ltd. for $114 million according to the Phoenix Business Journal, Nov. 11.
Cloud analyst Jeff Kagan offers comment.
“I have been watching Vonage grow from a scappy upstart over the last several years. They seem to see changing and growing opportunities in the telecommunications industry and tend to move toward them and move toward some of them. That is what seems to be happening here with Vonage acquiring Telesphere,” says Telecom analyst Jeff Kagan.
“I would say the reason Vonage acquired Telesphere is because they see the cloud playing a very important role in the future of business, and therefore in their future. Whether they can be a leader or just another player is the big question. The cloud is a growing area of focus virtually every competitor in the space, large and small,” says Industry analyst Kagan.
Telesphere is a cloud based telecommunications company. It’s customers are generally mid sized businesses. These are the same kind of clients that Vonage is aiming at.
Vonage CEO Alan Masarek told the Phoenix Business Journal, there hasn’t been a clear leader in the industry segment, and he is pretty confident they will be number one soon.
Analyst Update on Short Term Price Target:Vonage Holdings
by Wendy Knight
November 26, 2014
Vonage Holdings (NYSE:VG): The mean estimate for the short term price target for Vonage Holdings (NYSE:VG) stands at $5.51 according to 4 Analysts. But, the investors should remain cautious as the stock may face wide vicissitudes from its mean price; the higher price target estimate for the stock has been calculated at $7 while the lower price target estimate is at $5. Shares of Vonage Holdings (NYSE:VG) ended the trading session with a loss of 0.04 points or 1.13% at $3.5. The shares had previously closed at $3.54. Heavy selling had caused the price to collapse to $3.48 intraday but value-buying helped the shares pare some of the losses; however the shares dipped into the negative territory by end of the day. This is an interesting bullish sign which implies that investors are willing to buy on the dips. The session witnessed a volume of 991,055 shares. Vonage Holdings (NYSE:VG) has a market cap of $719 million and the number of outstanding shares is 205,486,000. The shares have a 52-week high of $4.955.
Could you do one in Which 8x8 is valued at twice as much as Vonage? I would think with Vonage advances past 8x8, that would be a reasonable short term target.
Masarek explained that Telesphere, the cloud-based communications platform, can handle anywhere from 50 phone lines to 1,000 phone lines
That sentence explains it all - HUGE EXPANSION in capabilities - but here's the article
New Vonage CEO Intends to Grow Corporate Biz, Launch New Products
BY Bret Kenwell 11/07/14
NEW YORK (TheStreet) -- Vonage Holdings (VG) has "a great brand, great team, and great technology," according to its new CEO, Alan Masarek. The company is forging its way into the small enterprise business, which continues to grow at a rapid pace.
In the most recent quarter, 20% of the company's revenues came from enterprise, which is substantially higher than the 3% of revenues it represented in the same quarter last year.
"The focus is on enterprise," Massarek said, but "the consumer space will still be very, very important to us as well."
Shares of Vonage are essentially flat over the past twelve months, rising just 1.1%. The stock climbed as high $4.95 in January, but has fizzled since.
Vonage's current enterprise business, called Vonage Business Solutions, typically handles small- to medium-sized businesses with fewer than 50 phone lines. However, with the company's most recent acquisition of Telesphere, Vonage can look to expand its enterprise business.
Masarek explained that Telesphere, the cloud-based communications platform, can handle anywhere from 50 phone lines to 1,000 phone lines, which vastly expands Vonage's opportunities and ability to provide service for larger companies. This should help drive revenues higher as well.
The solutions don't stop there, he said. The company is constantly coming up with new applications and products in order to benefit the customer experience.
People don't just talk on phones anymore, Masarek reasoned, they also use text and video as a means for communication. For that reason, the company plans on unveiling several new innovative products in 2015, he concluded.
Expect coming European expansion!
Vonage: the natural choice for international business
Dr Martin Heinrich of Bizprof discusses why Vonage is the natural choice for his company
Friday 31 October 2014 09.11 EDT
For small businesses with international customers, finding the right telecommunications services can be a difficult and costly process resulting in prohibitively high telephone bills. Making calls during peak business hours – or to mobiles – can lead to excruciating costs that many smaller businesses struggle to afford. The difficulty this presents is that keeping in regular contact is an important part of maintaining a good client relationship from abroad – and is also one of the reasons some clients choose a smaller business over a large provider. And yet, meeting this need can be hard to do if making calls risks making a dent in your profits.
Dr Martin Heinrich, director Bizprof Ltd is someone who is well aware of these issues. His company is based in the UK, but provides company secretarial services to businesses in Germany. Given the nature of the business, making regular calls from the UK to customers in Germany is highly important. To ensure successful interaction, Martin looked carefully for a reliable means of keeping in touch and performed a price comparison with a host of other companies such as BT and smaller mobile carriers.
Often, it can be hard to look outside the big name providers for telephone services, but in Martin’s case it really paid off: “What I really liked about Vonage was that it offers a flat rate for calls to about 30 countries in Europe. It even includes calls to German mobile numbers as part of the plan.” Additional benefits from Vonage include no installation costs, no line rental fees and unlimited calls to over 60 international countries.
Vonage doesn’t only offer flexibility when it comes to the calls you make. Martin has also found it has given him the freedom to relocate his business as needed without any interruption in service, since there is no ins