Vocera Communications (VCRA) Downgraded to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of Vocera Communications (NYSE:VCRA) from a buy rating to a hold rating in a report published on Saturday.
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. “
VCRA has been the topic of a number of other reports. BidaskClub raised shares of Vocera Communications from a sell rating to a hold rating in a report on Wednesday, October 25th. Cantor Fitzgerald reissued a buy rating and issued a $30.00 price target on shares of Vocera Communications in a report on Tuesday, September 26th. Oppenheimer increased their price target on shares of Vocera Communications from $32.00 to $36.00 and gave the stock an outperform rating in a report on Friday, October 27th. Leerink Swann reissued an outperform rating and issued a $34.00 price target (up from $31.00) on shares of Vocera Communications in a report on Tuesday, September 12th. Finally, Robert W. Baird assumed coverage on shares of Vocera Communications in a report on Wednesday, December 20th. They issued an outperform rating and a $35.00 price target on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company’s stock. Vocera Communications currently has an average rating of Buy and an average price target of $33.13.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The business had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.44 million. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The company’s revenue was up 25.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.08 earnings per share. equities analysts forecast that Vocera Communications will post -0.43 earnings per share for the current fiscal year.
In other news, CEO Brent D. Lang sold 5,000 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Douglas Alan Carlen sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $25.66, for a total transaction of $51,320.00. The disclosure for this sale can be found here. Insiders have sold 17,000 shares of company stock worth $476,020 over the last quarter. Company insiders own 6.30% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in Vocera Communications by 27.7% in the third quarter. California Public Employees Retirement System now owns 23,491 shares of the communications equipment provider’s stock worth $737,000 after acquiring an additional 5,091 shares during the period. Asset Management One Co. Ltd. purchased a new position in Vocera Communications during the third quarter valued at $5,666,000. Envestnet Asset Management Inc. lifted its position in Vocera Communications by 41.0% during the third quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock valued at $241,000 after buying an additional 2,231 shares during the period. OxFORD Asset Management LLP lifted its position in Vocera Communications by 36.3% during the third quarter. OxFORD Asset Management LLP now owns 38,027 shares of the communications equipment provider’s stock valued at $1,200,000 after buying an additional 10,119 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its position in Vocera Communications by 177.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 132,765 shares of the communications equipment provider’s stock valued at $4,165,000 after buying an additional 84,865 shares during the period.
About Vocera Communications
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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