Vocera Communications, Inc. (VCRA) Downgraded by Zacks Investment Research
Zacks Investment Research lowered shares of Vocera Communications, Inc. (NYSE:VCRA) from a buy rating to a hold rating in a research report sent to investors on Thursday.
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 subject of a number of other reports. Cantor Fitzgerald reiterated a buy rating and issued a $30.00 target price on shares of Vocera Communications in a report on Tuesday, September 26th. Oppenheimer Holdings, Inc. lifted their target price on Vocera Communications from $32.00 to $36.00 and gave the stock an outperform rating in a report on Friday, October 27th. BidaskClub downgraded Vocera Communications from a strong-buy rating to a buy rating in a report on Wednesday, September 20th. Finally, Leerink Swann lifted their target price on Vocera Communications from $24.00 to $31.00 and gave the stock an outperform rating in a report on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $32.67.
Shares of Vocera Communications (NYSE:VCRA) traded down $0.37 during mid-day trading on Thursday, reaching $26.70. The company’s stock had a trading volume of 210,629 shares, compared to its average volume of 172,767. Vocera Communications has a 1-year low of $16.10 and a 1-year high of $32.23.
Vocera Communications (NYSE:VCRA) last issued its earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share 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 firm’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.08 earnings per share. equities analysts anticipate that Vocera Communications will post -0.41 EPS for the current year.
In other news, General Counsel Douglas Alan Carlen sold 6,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $29.78, for a total transaction of $178,680.00. Following the completion of the sale, the general counsel now owns 66,542 shares in the company, valued at $1,981,620.76. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $27.86, for a total value of $139,300.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,000 shares of company stock valued at $784,710. Corporate insiders own 6.30% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in VCRA. Conestoga Capital Advisors LLC bought a new stake in shares of Vocera Communications during the second quarter valued at approximately $14,907,000. Alliancebernstein L.P. boosted its position in shares of Vocera Communications by 20.0% during the second quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock valued at $37,633,000 after buying an additional 236,941 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Vocera Communications by 159.5% during the second quarter. Wells Fargo & Company MN now owns 276,424 shares of the communications equipment provider’s stock valued at $7,302,000 after buying an additional 169,900 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Vocera Communications by 11.3% during the second quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock valued at $36,037,000 after buying an additional 138,100 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in shares of Vocera Communications by 88.1% during the second quarter. Russell Investments Group Ltd. now owns 283,000 shares of the communications equipment provider’s stock valued at $7,477,000 after buying an additional 132,531 shares during the last quarter.
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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