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Vonage Shares Falter After Release of Annual Report

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.

Verizon Communications Inc. www.verizon.com  

Vonage Holdings Corp. www.vonage.com

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