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Vonage Holdings (VG) Surges: Stock Moves 8.1% Higher

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Vonage Holdings Corp. (VG - Free Report) was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 16.3% in the past one-month time frame.

The move came after the company reported that their Chief Financial Officer will change.

The company has seen estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Vonage Holdings currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

A better-ranked stock in the Internet - Software and Services industry is Boingo Wireless, Inc. (WIFI - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is VG going up? Or down? Predict to see what others think: Up or Down

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