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Vonage Holdings Corp. (VG)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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20.80-0.01 (-0.05%)
At close: 04:00PM EST
20.79 -0.01 (-0.05%)
Pre-Market: 07:19AM EST
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  • B
    Bronson
    Qatalyst Partners provided Vonage with financial advisory services in connection with the proposed Merger for which it will be paid approximately $73 million. Wow! That's a lot to pay for an opinion.
  • B
    Bobby S
    Very weird that the stock is up to 21 in pre market trading unless Eric is starting to gather share at the purchase price.
  • B
    Bobby S
    Anybody have good ideas as to where to put our VG money next?
  • A
    AndreC
    11/29/21 Citron Jeffrey A
    Director Sale 3,239,608 $20.61 – $20.70 Shares Held Now 415,898
  • N
    Nuts
    Thoughts about this ?

    On November 22, 2021, Vonage announced that it had entered into an agreement to be acquired by Ericsson in a deal worth approximately $6.2 billion. Pursuant to the merger agreement, Vonage stockholders will receive $21 in cash for each share of Vonage common stock owned. The deal is scheduled to close in the first half of 2022.

    Bragar Eagel & Squire is concerned that Vonageâs board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Vonageâs stockholders.
    Neutral
  • J
    Joseph
    Tax selling is over. It's a New Year. Maybe something is up. Hopefully a higher takeover bid from another company.
  • J
    Joseph
    Bronson, what's your gut feeling. Hold Vonage and eventually get 21, sell now because their playing with the price gap, or hold and maybe they get to a higher counter offer. Also I saw 10 law firms asking us to contact them for class actions suits which I haven't done.
  • B
    Bronson
    From 8-K, The Merger Agreement contains certain termination rights for the Company and Parent, including (i) the right of the Company to terminate the Merger Agreement to concurrently enter into a definitive written Alternative Acquisition Agreement providing for a transaction that constitutes a Superior Proposal, subject to specified limitations,....
  • B
    Bronson
    Who buys up these shares? They’re getting around a 17 percent return when they receive $21 from ERIC in a few months. 200M shares bought at $20.65 will net a cool $70M profit.
  • N
    Nuts
    unusual volume with the erik deal for me , yesterday 15M and 5M it’s the normal in the last months
    Neutral
  • B
    Bronson
    So, the way I understand this deal is that Ericsson will purchase each common share of Vonage for $21 per share. The deal is supposed to close sometime early 2022. Whoever continues to hold their shares until the deal closes will receive $21 cash for each share of Vonage held at that time. Common shareholders of Vonage are not required to do anything but wait. There will be no conversion from Vonage to Ericsson shares. Please correct me if I'm wrong. Does anyone have any advice on capital gains?
  • o
    onages
    On one hand I’m actually disappointed although I can’t complain on my overall return.

    On the other hand, the termination language and timing are our friend. Time and interest will bring out any potential suitors that may be out there.

    Certainly seems cheap compared to other companies.GLTA
  • d
    double008
    Too strange - why 3 downgrades to 21. Don't remember seeing other situations like this. And Jeffries raises pt to 21 -
  • A
    AndreC
    J.P. Morgan Says There’s Room for Over 50% Gains in These 2 Stocks
    VG
    +0.82%

    BTRS
    +0.34%
    TipRanks
    Fri, November 12, 2021, 2:21 PM·5 min read
    In this article: VG +0.82% BTRS +0.34%

    Wall Street’s major banking firms build their reputations, in part, on their ability to see the dark future clearly. JPMorgan has a storied name on the Street, and the banking giant’s Asset Management team has recently been casting its collective eye forward.

    "We are increasingly convinced that the pandemic will leave behind few economic scars, however we expect the policy interventions at the height of the crisis will have a long-lasting impact on markets... Our overall message is optimistic," said John Bilton, head of global multi-asset strategy.

    Keeping that in mind, we’re taking a look at two stocks recommended by some of JPMorgan's top analysts. These are analysts who stand tall among their peers, ranking in the top 10% of Wall Street pros covered by TipRanks. Impressively, the firm's analysts believe each ticker could climb over 50% higher in the year ahead. Let's take a closer look.

    Fri, November 12, 2021, 2:21 PM·5 min read
    In this article:

    VG
    +0.82%
    The second JPM pick we’ll look at is Vonage, a tech company in the telecom industry. Vonage has put together a package combining high tech know-how with telecom service, and offers its customers VOIP and cloud communications for contact center applications and communications APIs.

    Vonage is working to change the way people think about using communications technology. The company noted the shift toward remote work and virtual connections during the pandemic – and especially how that increased the value of networked remote systems and internet communications. Vonage’s products include platforms to bundle these services together, along with legacy telecom systems. These products are flexible and scalable, designed to meet the needs of each customer.

    The approach is working for Vonage, which has shown sequential gains in every quarter of this year, along with year-over-year gains. The 3Q21 report gave $358.3 million at the top line, and for the 9 months ending Sept 30,

    BTRS
    +0.34%

    We’ll start with BTRS Holdings, or Billtrust, a leader in the payment processing niche. BTRS serves business customers in the US, with a B2B accounts receivable automation software platform. This holding company’s subsidiaries provide solutions for cloud-based software and integrated payment processing, including online ordering, invoicing, remittance capture, and accounts receivable. The company boasts over 40 verticals covering a range of industries, and a 98% customer retention rate.

    Just last month, BTRS made a move to expand the value of its platform, through its acquisition of Belgium’s iController, a B2B collections software provider. The acquisition cost BTRS $58 million, which was paid for from cash on hand. iController will become a BTRS subsidiary, and continue operating in Belgium and the Netherlands – expanding BTRS’ footprint in Western Europe.

    This move put some of BTRS’ cash holdings to sound use. The company finished Q3 this year with over $265 million in liquid assets, before the acquisition. BTRS also reported revenues of $41.4 million in Q3, up an 8% year-over-year. The gain was driven mainly be a solid performance in software and payments; that segment saw revenue increase by 21.5% yoy, to reach $26 million.

    Even with that, however, the stock dropped sharply this year, losing 45% of its value. Yet, JPMorgan's 5-star analyst Tien-tsin Huang sees the current low share price as a chance to buy in.

    “Broad-based momentum across the business drove net revenue mildly ahead of expectations. Management suggested greater upside in the key Software/Payments segment," Huang noted. "We think relative valuation is attractive... Stock is trading at a low enough discount now that compounding steady high-teens plus gross profit growth should be good enough for the stock to compound higher as sentiment improves from stable to improving growth.

    To this end, Huang gives BTRS an Overweight (i.e. Buy) rating, with a $15 price target predicting 72% share growth in the year ahead. (To watch Huang’s track record, click here)

    Overall, it’s clear from the Strong Buy consensus that Wall Street agrees with the bullish outlook here. The consensus view is based on a unanimous 5 recent reviews. The share price stands at $8.72 and the average price target of $14.20 implies ~63% upside potential.
    BTRS Holdings (BTRS)

    We’ll start with BTRS Holdings, or Billtrust, a leader in the payment processing niche. BTRS serves business customers in the US, with a B2B accounts receivable automation software platform. This holding company’s subsidiaries provide solutions for cloud-based software and integrated payment processing, including online ordering, invoicing, remittance capture, and accounts receivable. The company boasts over 40 verticals covering a range of industries, and a 98% customer retention rate.
  • N
    Nuts
    we are full of spam , what a day . i hope that better offers will come for an undervaluated company lik VG
    Bullish
  • B
    Bronson
    Buyout!
  • p
    pisonpb
    Actually after some long hard thinking, realized my share in my IRA account took the gains and I will invest in EGHT, I see a consolidation and a buyout here as well but in the $30's
  • T
    TomV
    Nicest thing about this being a cash only deal, no more AndreC on the message boards that I follow.
  • B
    Bronson
    So, will Citron eventually write a book detailing the birth, rise and end of Vonage? I'd buy a copy of it just to find out what influence Jana and Leagion Partners had on the sale to ERIC.
  • J
    John
    And I am out! Wish it was higher but somewhat relieved i've been given a reason to exit. $2.64 average cost basis...not bad. enjoy the ride for those you stay in it.
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