Why Vonage Stock Just Popped 15%
Shares of voice-over-internet-protocol (VoIP) telephony provider Vonage Holdings (NASDAQ: VG) leapt out of the gate as trading resumed post-holiday Tuesday morning. Vonage shares are up 15.2% as of 11:10 a.m. EST on news that the company beat estimates for both sales and earnings for its fiscal fourth quarter 2019 -- despite management warning that it will not beat estimates in either the first quarter of 2020, or the full year.
Why?
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Source Fool.com
