Vonage Holdings Corp. stocks fell nearly 7 percent on Wednesday, a day after the VoIP provider released its annual report.
The report contained little optimistic news. The document included a warning that Vonage could go bankrupt if it continues to experience repercussions from losing the patent infringement case to Verizon Communications Inc.
Shares slid nearly 6 percent during the initial trading hours and by mid-afternoon threatened to reach the 7 percent mark, down 21 cents to $3.10.
Vonage has twice halted trading in the past month after its shares hit an all-time low of $2.88.
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