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Fly News Breaks for September 24, 2018
VG
Sep 24, 2018 | 08:44 EDT
William Blair analyst Jim Breen assumed coverage of Vonage Holdings with an Outperform rating following the company's acquisition of NewVoiceMedia for $350M. Vonage now has a "robust" set of offerings to continue to gain share in the over $50B cloud communications-as-a-service market, Breen tells investors in a research note. He believes the company continues to diversify revenue away from the consumer segment toward the higher growth enterprise vertical and Nexmo segment.
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