Vocera Communications (VCRA) Updates Q1 Earnings Guidance
Vocera Communications (NYSE:VCRA) issued an update on its first quarter earnings guidance on Thursday morning. The company provided earnings per share guidance of ($0.11)-(0.03) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.08. The company issued revenue guidance of $37-40 million, compared to the consensus revenue estimate of $43.57 million.Vocera Communications also updated its FY17 guidance to $0.28-0.48 EPS.
Shares of Vocera Communications (NYSE VCRA) traded down $1.16 on Thursday, hitting $26.92. 264,935 shares of the company traded hands, compared to its average volume of 248,086. The company has a market capitalization of $813.98, a P/E ratio of -29.25 and a beta of -0.49. Vocera Communications has a 12 month low of $19.48 and a 12 month high of $32.23.
Several equities research analysts recently weighed in on VCRA shares. Oppenheimer raised their price target on shares of Vocera Communications from $32.00 to $36.00 and gave the company an outperform rating in a research report on Friday, October 27th. Zacks Investment Research downgraded shares of Vocera Communications from a buy rating to a hold rating in a research report on Saturday, January 6th. Robert W. Baird began coverage on shares of Vocera Communications in a research report on Wednesday, December 20th. They issued an outperform rating and a $35.00 target price for the company. Cantor Fitzgerald reaffirmed a buy rating and issued a $35.00 target price on shares of Vocera Communications in a research report on Thursday, October 26th. Finally, BidaskClub downgraded shares of Vocera Communications from a hold rating to a sell rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus price target of $33.56.
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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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