Earnings day - The trend will continue: 2017 Q1__ $242.4M Analyst Average Estimate for this quarter 2016 Q4__ $246.8M 2016 Q3__ $248.4M
COMPETITOR RingCentral, Inc. (RNG), a leading provider of cloud business communications and collaboration solutions, today announced financial results for the first quarter ended March 31, 2017.
First Quarter Financial Highlights
Software subscriptions revenue grew 30% year-over-year to $103.7 million. Total revenue grew 29% year-over-year to $111.8 million. RingCentral Office® annualized exit recurring software subscriptions (ARR) grew 39% year-over-year to $373.0 million. Total annualized exit recurring software subscriptions (ARR) grew 32% year-over-year to $450.8 million. GAAP software subscriptions gross margin was 80.5%, up 1.4 points year-over-year, while Non-GAAP software subscriptions gross margin was 81.3%, up 1.2 points year-over-year. GAAP operating margin was (6.5%), up 0.4 points year-over-year, while Non-GAAP operating margin was 1.9%, up 0.4 points year-over-year. http://finance.yahoo.com/news/ringcentral-announces-first-quarter-2017-200500016.html
Massive short cover, at the beginning of the year it was almost 14 million shares short
Short Interest is way down again, 6,315,100 Short Interest Ratio (Days To Cover) 4.2 Short Percent of Float 3.20 % Short % Increase / Decrease -18 % Short Interest (Shares Short) - Prior 7,705,700
Extremely bearish based on the PEG at 8.49. My guess is that VG is due for a pullback in the short-run. Im not sure about you guys but awesomesto-cks has provided me with some pretty good trade ideas. I messed up executing some of them but thats on me.
Can't resist repeating my recent statement: "The Death Cross is a strong Bearish indicator." Coming from permabull like you it can mean only one thing-BUY
The ol' 6.66 close. Is that a bullish or bearish sign?
I like todays action, very bullish and acting as if we can go higher. $7.00..is even more bullish if we break that anytime before May 9th.
Short interest down by 2,183.433, to 7,705.700 -22%
What does everyone thinks going to happen on earnings day
over 2 million shares traded in the last hour, big trades, 100K+
the wall went up at $6.50
Look who just crawled out from under a rock. Insults soon to follow.
Volume has pick up in the last 30 minutes over 300K traded
Vonage Names Johan Hybinette Chief Information Security Officer
HOLMDEL, N.J., April 11, 2017 /PRNewswire/ -- Vonage (NYSE: VG), a leading provider of cloud communications for business, has appointed Johan Hybinette as the Company's Chief Information Security Officer (CISO). In this role, Mr. Hybinette will oversee Vonage's information and cyber security management programs to meet the growth expectations of the Company, particularly as Vonage continues to focus on providing business communications services to enterprise companies.
With more than 20 years of experience in information security, Mr. Hybinette brings to Vonage deep knowledge of the cloud communications industry and information security in the cloud. Most recently, he served as CISO at Hosting.com, a major international managed cloud provider, where he managed the company's vast portfolio of compliance certifications and led the organization's risk and compliance transformation to improve overall efficiency and communications. http://pr.vonage.com/releasedetail.cfm?ReleaseID=1020907
Vonage | Press Room | Vonage Names Johan Hybinette Chief Information Security Officer
AT&T just bought a telecom company and for this reason I think Vonage just seem perfect for a substantial offer $$$$ for takeout. If I am right in my view, it could occur sooner rather than later...
shorts are covering, in January it was at almost 14 million
Short interest down by 2,183.433, to 7,705.700 -22% it was 9,889.200 this is good news