Vocera Communications (VCRA) Upgraded to Buy by Zacks Investment Research
Vocera Communications (NYSE:VCRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm currently has a $35.00 price target on the communications equipment provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 6.06% from the stock’s current price.
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. Jefferies Financial Group started coverage on Vocera Communications in a research note on Wednesday, September 19th. They issued a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Co upped their target price on Vocera Communications from $28.00 to $35.00 and gave the stock an “outperform” rating in a research note on Friday, July 27th. Piper Jaffray Companies decreased their target price on Vocera Communications from $39.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, July 27th. ValuEngine upgraded Vocera Communications from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Finally, Citigroup upped their target price on Vocera Communications from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.55.
Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.23. The business had revenue of $42.69 million for the quarter, compared to analyst estimates of $42.50 million. Vocera Communications had a negative return on equity of 2.72% and a negative net margin of 5.01%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.02 EPS. As a group, research analysts anticipate that Vocera Communications will post -0.25 EPS for the current fiscal year.
In other news, General Counsel Douglas Alan Carlen sold 3,000 shares of the stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total transaction of $93,240.00. Following the transaction, the general counsel now directly owns 78,517 shares in the company, valued at approximately $2,440,308.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brent D. Lang sold 10,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $31.59, for a total value of $315,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 38,500 shares of company stock worth $1,272,415 over the last quarter. Corporate insiders own 4.90% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Koch Industries Inc. bought a new position in Vocera Communications during the 1st quarter worth approximately $204,000. United Services Automobile Association bought a new position in Vocera Communications during the 2nd quarter worth approximately $210,000. California Public Employees Retirement System bought a new position in Vocera Communications during the 2nd quarter worth approximately $231,000. Laurion Capital Management LP bought a new position in Vocera Communications during the 2nd quarter worth approximately $234,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Vocera Communications during the 1st quarter worth approximately $251,000.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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