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Fly News Breaks for September 11, 2017
VG
Sep 11, 2017 | 12:56 EDT
William Blair analyst Dmitry Netis attributes today's selloff in shares of Vonage to a competitor research note highlighting the company's removal last week from Gartner's Magic Quadrant for Unified Communications as a Service, Worldwide. The removal merely reflects a change in evaluation criteria, and Vonage should regain its global status in short order, Netis tells investors in an intraday research note. He recommends buying the stock on today's 3% selloff and keeps an Outperform rating on Vonage.
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