Vonage Shares Have Been Inching Up (VG)

Vonage Holdings Corp. (NYSE:VG) shares have run up 45% in the past 3 months and closed Friday at $1.69.  Just when Wall Street was ready to write off the VoIP leader, shareholders keep hanging in for the ride.

Vonage (VG) shares have picked up steam this last month, since Feb 5th its stock has moved up 18%.  The true test to see if Vonage can keep trending higher is coming this week, when the company will report its financial results for the fourth quarter and full year ended December 31, 2009 on Thursday, February 25, 2010. The earnings release will be available on Vonage's Investor Relations website at http://ir.vonage.com.

The Street is expecting Vonage's Q4 earnings to come near a loss of 3 to 4 cents a share.  Shareholders are hoping for a repeat of Q3 results which beat the street with earnings of 3 cents per share.  Vonage's short interest is only at 9% but its the volume on this stock that can make it swing 10% on a moment's notice.  Time will tell and come this Thursday we'll see if Vonage can maintain its level above $1.60 a share.

Disclaimer: No positions in VG.