Vonage Stock Gaps Down On Today's Open (VG)

NEW YORK ( TheStreet) -- Shares of Vonage Holdings Corporation (NYSE: VG) were gapping down Wednesday morning with an open price 13.4% lower than Tuesday's closing price. The stock closed at $3.13 Tuesday and opened today's trading at $2.71.

The average volume for Vonage has been two million shares per day over the past 30 days. Vonage has a market cap of $763.1 million and is part of the technology sector and telecommunications industry. Shares are up 39.7% year to date as of the close of trading on Tuesday.

Vonage Holdings Corp. provides broadband communication services in the United States, Canada, and the United Kingdom. The company offers voice and messaging services through session initiation protocol (SIP) based voice over Internet protocol network.

TheStreet Ratings rates Vonage as a sell. Among the areas we feel are negative, one of the most important has been weak operating cash flow. You can view the full Vonage Ratings Report.

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