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Fly News Breaks for September 21, 2018
VG
Sep 21, 2018 | 08:25 EDT
Craig-Hallum analyst George Sutton tells investors in a research note that he believes the initial muted reaction to Vonage's announcement that it will acquire NewVoiceMedia does not represent the strategic impact of the deal. Sutton sees the transaction as a smart way for Vonage to expand globally while better capitalizing on their CPaaS offerings. Sutton rates shares a Buy and raises his price target to $23 from $21.
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