News / Finance
NYSE:VG - Today’s Top Percentage Gainer - Stock Market Alert
Top Gainer
Vonage Holdings Corp. (NYSE:VG) is active in today’s opening trade. The stock jumped up 11% to $1.84 with a huge volume of 1.60 million. Vonage Holdings Corp., a pioneer in Internet-based home phone service, is launching applications for the iPhone and BlackBerry that undercut the international calling rates of major wireless carriers.
Vonage Holdings Corp. (Vonage) is a provider of broadband telephone services to residential and small office and home office customers with over 2.6 million subscriber lines as of December 31, 2008. The Company’s transmits calls using voice over Internet protocol (VoIP), technology, which converts voice, signals into digital data packets for transmission over the Internet. Vonage provides service by using its customers’ existing broadband Internet connections, eliminating the need for it to build or lease networks. In addition, Vonage's network is based on internally developed software and industry standard servers, rather than circuit switches used by traditional telephone service providers.
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