Fly News Breaks for May 31, 2019
May 31, 2019 | 04:55 EDT
Jefferies analyst John DiFucci started Vonage Holdings with a Buy rating and $15 price target. The analyst believes Vonage is at an inflection point in its multi-year transformation. He expects 26% annual revenue growth in the company's Business segment through 2021 to drive organic total revenue growth of 13% in 2020 and 2021. Vonage is now a "legit contender in the UCaaS, CCaaS, and CPaaS markets," says DiFucci.
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