Vonage Holdings Corp. (NYSE:VG) shares surged by 5.02%


Dallas, Texas 07/08/2013 (Financialstrend) – Vonage Holdings Corp. (NYSE:VG) recently announced the granting of a patent to the company’s development on “Systems and Methods of Routing IP Telephony Data Packet Communications”. The company further conveyed that the ‘342 patent’ has been granted to the company in less than 3 months after the completion of the Prioritized Examination Procedure completed by the Patent and Trademarks’ Office of the United States. Through this patented invention of Vonage Holdings Corp. (NYSE:VG), the company will be able to provide substantial improvements in the quality of voice of the IP-based telephony systems in worldwide markets.

Shares of Vonage Holdings Corp. (NYSE:VG) closed at $2.9 on Friday, recording an increase of 5.02 percent for the day. The stock price fluctuated during the day between $2.83 and $2.94 per share, after opening at $2.84 on Friday. Shares of Vonage Holdings Corp. (NYSE:VG) have a 52-week low price of $1.63 and a 52-week high price of $3.15.

As for the specific percentage of the ownership structure in the company, institutional owners hold around 68 percent of the total equity capital in Vonage Holdings Corp. (NYSE:VG) and there are 213.46 million shares outstanding in the market. The company recorded an average volume of trading at 1.03 million shares per day.

Vonage Holdings Corp. (NYSE:VG) is a communication service provider which connects people across the world through its broadband devices. Vonage Holdings Corp.’s (NYSE:VG)network includes session initiation protocol (SIP) based on the technology of voice over Internet protocol (VoIP) network in the Internet using a unique identity access for utilizing the third generation (3G), fourth generation (4G) and  digital subscriber line (DSL) broadband networks. Vonage Holdings Corp. (NYSE:VG) offers voice and messaging services, landline telephony business and mobile and other connected devices.