Vocera Communications, Inc. (VCRA) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Vocera Communications, Inc. (NYSE:VCRA) from a buy rating to a hold rating in a report issued on Thursday morning.
According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “
Other equities analysts also recently issued reports about the company. Cantor Fitzgerald reiterated a buy rating and issued a $30.00 price target on shares of Vocera Communications in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. restated a buy rating and issued a $32.00 target price on shares of Vocera Communications in a research note on Friday, September 22nd. BidaskClub downgraded Vocera Communications from a strong-buy rating to a buy rating in a research note on Wednesday, September 20th. Finally, Leerink Swann restated an outperform rating and issued a $34.00 target price (up from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $32.67.
Vocera Communications (NYSE VCRA) opened at $26.70 on Thursday. Vocera Communications has a 52 week low of $16.10 and a 52 week high of $32.23.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. The business had revenue of $42.30 million during the quarter, compared to the consensus estimate of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period last year, the firm earned $0.08 earnings per share. equities research analysts predict that Vocera Communications will post -0.41 EPS for the current fiscal year.
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In other news, Director Sharon O’keefe sold 2,000 shares of Vocera Communications stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $31.17, for a total transaction of $62,340.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.78, for a total value of $133,900.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,000 shares of company stock valued at $784,710. 6.30% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in VCRA. Karp Capital Management Corp bought a new stake in shares of Vocera Communications during the first quarter valued at approximately $216,000. American International Group Inc. raised its holdings in shares of Vocera Communications by 7.1% during the first quarter. American International Group Inc. now owns 15,235 shares of the communications equipment provider’s stock valued at $378,000 after buying an additional 1,006 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Vocera Communications by 35.6% during the first quarter. PNC Financial Services Group Inc. now owns 21,405 shares of the communications equipment provider’s stock valued at $533,000 after buying an additional 5,621 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Vocera Communications by 4.5% during the first quarter. Vanguard Group Inc. now owns 1,072,057 shares of the communications equipment provider’s stock valued at $26,619,000 after buying an additional 45,775 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Vocera Communications by 5.8% during the first quarter. Geode Capital Management LLC now owns 202,755 shares of the communications equipment provider’s stock valued at $5,034,000 after buying an additional 11,126 shares during the last quarter.
Vocera Communications Company Profile
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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