While we don't usually talk about stock prices here, sometimes investor confidence (or lack thereof) can be gleaned from a read of the trends.
Well, today, Vonage closed at $7.40 a share, their lowest ever, and more than half the $17-a-share IPO.
Today's year-in-advance, free-calling-to-41-world-locales SunRocket announcement didn't help. Just shows that VoIP prices are circling the drain, and absent enhanced services - and I am talking about real enterprise QoS- there may be no plausible return-on-investment model for Vonage to compete as an independent in this flea market world of consumer VoIP.
Investors are realizing this. Hell, they already have.
When the decline breached $8.50, that was one psychological barrier encountered.
And there will be more to come, until- as I repeat- a buyback. I can't guarantee a buyback and a return to private equity, but I feel it in my bones.