VG – Market expectations are for Uniform ROA decline, but management is confident about growth, cloud adoption, and product offerings
October 18, 2019
- Vonage Holdings Corp. (VG:USA) currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 29.0x Uniform P/E. However, even at these levels, the market has bearish expectations for the firm, but management is confident about growth, cloud adoption, and the strength of their product offerings
- Specifically, management is confident that their Tel Aviv engineering team is focused on leveraging AI to deliver customer value and that growth will continue to improve. Furthermore, they are confident that larger companies are moving to the cloud, and they are confident that globalization is driving increased interest in their integrated contract center product.