Analyst Consensus ?
ConsensusBuy31 ratings
Bullish1858.1%
Neutral1238.7%
Bearish13.2%
Venture Global, Inc. · VG · FY2020 Q4 · Calendar Q1 2021
Vonage shifts toward VCP growth while managing consumer-business and margin risks
Vonage's earnings narrative supports a cautiously constructive view of its growth trajectory: VCP mix expansion, high-value API demand and a large developer ecosystem provide support, while consumer-business uncertainty, margin mix, regulation and leverage limit confidence.
Reported Before market openNYSEEnergy
$35.00B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
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Consensus —
EPS surprise
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Reported versus consensus
Reported revenue
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Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-36.1%
Event window
SPY move
-1.8%
Same window
Abnormal move
-34.3%
Stock minus SPY
Volume
6.6×
Versus trailing sessions
Subsequent drift
-1.3%
Up to 20 sessions
VGSPY benchmark
Ask FN2 about VG FY2020 Q4
Transcript, numbers and history already loaded
What drove VG's -36.1% move after FY2020 Q4 earnings?What changed in VG's guidance and outlook in FY2020 Q4?Give me the bull and bear case for VG after FY2020 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current analysis shows VCP at 76% of revenue, high-value API growth at 130% year over year, and the Consumer strategic review effectively complete. Compared with the prior analysis, the emphasis shifted from reviewing the Consumer business to executing VCP growth, partnerships, channel expansion, margin improvement and debt reduction.
Guidance delta
Management maintained guidance; 2021 VCP revenue growth was projected at 15%-17% with positive adjusted EBITDA for the first time.
Key takeaways
- VCP revenue growth accelerated and represented 76% of consolidated revenue.
- High-value API revenue grew 130% year over year, supported by video, voice and verification demand.
- The Consumer segment declined but remained cash-generative after the strategic review.
- Management emphasized partnerships, channel expansion, product innovation and debt reduction.
- Key risks include regulatory churn in Asian markets, lower-margin VCP growth and competitive pressure.
Management priorities
- Expand high-value API usage and product innovation.
- Grow channel and e-commerce self-service for micro and small-business customers.
- Build partnerships with Salesforce, ServiceNow and Microsoft.
- Improve leverage, with a stated goal of reducing it below 2.5x by year-end 2021.
- Provide a product-roadmap and Rule of 40 update at Investor Day.
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Try FN2 freeEarnings History
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Analyst 52W Price Targets
$14Current
$8Low
$14.64Average
$22High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 26, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Equal Weight | Upgrade | Oct 20, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Oct 16, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Sep 10, 2026 |
| Mizuho | Neutral | Neutral | Maintain | Jul 22, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Jun 4, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | May 13, 2026 |
| Citigroup | Buy | Neutral | Upgrade | May 13, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Apr 17, 2026 |
| UBS | Buy | Buy | Maintain | Mar 25, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Mar 24, 2026 |
| B of A Securities | Buy | Buy | Maintain | Mar 20, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Aug 28, 2025 |
| Guggenheim | Buy | Buy | Maintain | Mar 10, 2025 |
| Craig-Hallum | Sell | Hold | Downgrade | Jun 10, 2022 |
| Keybanc | Equal Weight | Overweight | Downgrade | Nov 23, 2021 |
| Baird | Neutral | Outperform | Downgrade | Nov 23, 2021 |
| Colliers Securities | Neutral | Buy | Downgrade | Nov 22, 2021 |
| Barclays | Overweight | Overweight | Maintain | Oct 21, 2021 |
| Oppenheimer | Perform | Outperform | Downgrade | Oct 6, 2021 |
| Needham | Hold | Hold | Maintain | Jun 22, 2021 |
| Rosenblatt | Neutral | Neutral | Maintain | Nov 6, 2020 |
| Jefferies | Hold | Buy | Downgrade | Jun 9, 2020 |
| Citi | Buy | Buy | Maintain | Nov 7, 2019 |
| Stephens & Co. | Overweight | Overweight | Maintain | Jan 4, 2019 |
| FBN Securities | Perform | Outperform | Downgrade | Aug 10, 2017 |
| Summit Research Partners | Hold | Hold | Maintain | Mar 8, 2016 |
| Northland Securities | Outperform | Outperform | Maintain | Aug 21, 2015 |
| Canaccord Genuity | Buy | Buy | Maintain | Aug 10, 2015 |
| Dougherty | Buy | Buy | Maintain | Feb 3, 2014 |
| National Alliance | Buy | Buy | Maintain | Nov 15, 2013 |
| Sidoti & Co. | Buy | Buy | Maintain | Aug 13, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $14. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Wells Fargo | Praneeth Satish | $21 | $12.81 | +50.0% | Oct 20, 2026 |
| Wells Fargo | Analyst unavailable | $15 | $13.22 | +7.1% | Aug 12, 2026 |
| Mizuho Securities | Robert Mosca | $15 | $14.06 | +7.1% | Jul 22, 2026 |
| Bernstein | Sunaina Ocalan | $14 | $11.09 | +0.0% | Jun 16, 2026 |
| US Capital Advisors | Analyst unavailable | $13 | $12.23 | -7.1% | May 29, 2026 |
| Raymond James | Analyst unavailable | $16 | $14.59 | +14.3% | May 20, 2026 |
| Goldman Sachs | Analyst unavailable | $18 | $13 | +28.6% | May 14, 2026 |
| Morgan Stanley | Analyst unavailable | $22 | $13.93 | +57.1% | May 13, 2026 |
| Mizuho Securities | Analyst unavailable | $13 | $12 | -7.1% | May 7, 2026 |
| RBC Capital | Analyst unavailable | $16 | $11.4 | +14.3% | Apr 17, 2026 |
| RBC Capital | Elvira Scotto | $14 | $13.26 | +0.0% | Mar 13, 2026 |
| Raymond James | Justin Jenkins | $13 | $12.28 | -7.1% | Mar 5, 2026 |
| New Street | John Mackay | $15 | $11.48 | +7.1% | Mar 3, 2026 |
| Morgan Stanley | Devin McDermott | $8 | $9.43 | -42.9% | Feb 24, 2026 |
| Raymond James | Analyst unavailable | $11 | $9.8 | -21.4% | Feb 2, 2026 |
| RBC Capital | Elvira Scotto | $11 | $9.1 | -21.4% | Jan 28, 2026 |
| UBS | Analyst unavailable | $16 | $9.05 | +14.3% | Jan 22, 2026 |
| Scotiabank | Analyst unavailable | $9 | $8.34 | -35.7% | Jan 16, 2026 |
| Wells Fargo | Michael Blum | $8 | $6.13 | -42.9% | Dec 15, 2025 |
| Goldman Sachs | John Mackay | $17.5 | $8.31 | +25.0% | Nov 10, 2025 |
| Capital One Financial | Analyst unavailable | $11 | $8.11 | -21.4% | Nov 4, 2025 |
| Scotiabank | Analyst unavailable | $13 | $8.98 | -7.1% | Oct 17, 2025 |
| Mizuho Securities | Gabriel Moreen | $12 | $12.58 | -14.3% | Oct 10, 2025 |
| UBS | Manav Gupta | $18 | $13.35 | +28.6% | Aug 25, 2025 |
| Scotiabank | Brandon Bingham | $16 | $16.62 | +14.3% | Jul 15, 2025 |
| Wells Fargo | Michael Blum | $12 | $9.91 | -14.3% | May 14, 2025 |
| Goldman Sachs | Analyst unavailable | $20 | $9.23 | +42.9% | Mar 7, 2025 |
| Scotiabank | Analyst unavailable | $15 | $9.23 | +7.1% | Mar 7, 2025 |
| Deutsche Bank | Analyst unavailable | $19 | $15.96 | +35.7% | Feb 18, 2025 |
| Craig-Hallum | George Sutton | $14.5 | $18.86 | +3.6% | Jun 10, 2022 |
| Daiwa | Jonathan Kees | $12 | $13.1 | -14.3% | May 7, 2021 |
Track every rating change on VG the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationVenture Global, Inc., a liquefied natural gas (LNG) company, engages in the ownership, development, construction, and operation of LNG production facilities and associated infrastructure in the U.S. Gulf Coast. The company is involved in LNG production, natural gas transportation, and regasification operations, as well as LNG sales and shipping business through LNG tankers. Its LNG projects include Calcasieu, Plaquemines, and CP2 projects. The company was founded in 2013 and is headquartered in Arlington, Virginia. Venture Global, Inc. operates as a subsidiary of Venture Global Partners II, LLC.
Historical context
All VG earningsEnergy peers this season
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| SLB Slb N.V. | FY2026 Q3 · Calendar Q4 2026 | +3.7% | +7.1% | SLB Q3 2026: Growth Broadens Beyond Core Oilfield |
| E Eni S.p.A. | FY2026 Q3 · Calendar Q4 2026 | +13.9% | +4.3% | Eni pairs upstream growth with record shareholder returns and transition progress |
| VLO Valero Energy Corporation | FY2026 Q3 · Calendar Q4 2026 | +12.9% | -2.4% | Valero Q3: Record Profitability, Strong Cash Generation and Execution Risks |
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
Get the VG recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-03-04T19:33:13.726100+00:00
- Polygon adjusted daily market bars · 2026-10-26T03:50:43.562942+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-26T03:50:43.560085+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-26. For educational purposes only; not investment advice.