Rochester, NY 9/1/2009 7:33:41 AM
Vonage Holdings Corporation, VG, Up by 0.06 cents After Close Market
Vonage Holdings Corporation
In the midst of a summer rally for tech stocks, the runup experienced by Vonage Holdings stands out by any measure.
Shares of the Internet-calling company gained nearly 200% the week of Aug. 24, and that's after a 31% drop on Aug. 28, when the shares closed at 1.37. Between Aug. 12 and Aug. 26, the stock rose more than 470%. Vonage (VG) shares have enjoyed a 373% rally so far in August, a month when the Nasdaq composite index has gained just 2.5%.
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ABOUT Vonage Holdings Corp.
Vonage Holdings Corp., through its subsidiaries, provides broadband Voice over Internet Protocol services to residential and small business and home office customers. It offers various features, such as call waiting, caller ID with name, call forwarding, and voicemail. The company also provides area code selection, number portability, online account management, and personalized Web-enabled voicemail. In addition, it offers services, including Vonage visual voicemails, virtual phone numbers, toll free numbers, and residential and business fax services, as well as Vonage SoftPhone, a software application that is downloaded and installed on computers, laptops, and WiFi-enabled personal digital assistant devices, which enables user to use a computer as a telephone.
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