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Fly News Breaks for September 21, 2016
VG
Sep 21, 2016 | 10:11 EDT
Sidoti raised Vonage's price target to $9 and said the stocks valuation undervalues the growth potential of the CPaaS business. The firm said a significant portion of the strong growth in Vonage's business segment is coming from the Nexmo acquisition and said the market is not fully appreciating the growth potential of Nexmo under the Vonage corporate umbrella. Shares of Vonage are rated Buy at Sidoti.
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