BidaskClub Lowers Vocera Communications, Inc. (VCRA) to Buy

Vocera Communications, Inc. (NYSE:VCRA) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $32.00 price objective on shares of Vocera Communications in a report on Friday, September 22nd. Zacks Investment Research raised Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Leerink Swann upped their price objective on Vocera Communications from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price objective on shares of Vocera Communications in a report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.17.

Shares of Vocera Communications (NYSE VCRA) opened at 30.12 on Wednesday. Vocera Communications has a 1-year low of $16.10 and a 1-year high of $32.05. The company has a 50-day moving average of $29.26 and a 200-day moving average of $26.73. The firm’s market cap is $876.61 million.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s revenue was up 23.4% on a year-over-year basis. Analysts predict that Vocera Communications will post $0.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Lowers Vocera Communications, Inc. (VCRA) to Buy” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/11/bidaskclub-lowers-vocera-communications-inc-vcra-to-buy.html.

In other Vocera Communications news, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $138,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total value of $62,340.00. The disclosure for this sale can be found here. Insiders sold 84,925 shares of company stock worth $2,282,567 in the last three months. 6.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of VCRA. Conestoga Capital Advisors LLC acquired a new stake in Vocera Communications in the second quarter valued at $14,907,000. Driehaus Capital Management LLC grew its holdings in Vocera Communications by 2,922.4% in the first quarter. Driehaus Capital Management LLC now owns 425,075 shares of the communications equipment provider’s stock valued at $10,555,000 after purchasing an additional 411,011 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Vocera Communications by 2,931.3% in the first quarter. UBS Asset Management Americas Inc. now owns 387,066 shares of the communications equipment provider’s stock valued at $9,611,000 after purchasing an additional 374,297 shares during the last quarter. Lucha Capital Management LP acquired a new stake in Vocera Communications in the first quarter valued at $7,639,000. Finally, Alliancebernstein L.P. grew its holdings in Vocera Communications by 20.0% in the second quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider

A number of other research analysts have also weighed in on the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $32.00 price objective on shares of Vocera Communications in a report on Friday, September 22nd. Zacks Investment Research raised Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Leerink Swann upped their price objective on Vocera Communications from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price objective on shares of Vocera Communications in a report on Thursday, July 27th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $31.17.

Shares of Vocera Communications (NYSE VCRA) opened at 30.12 on Wednesday. Vocera Communications has a 1-year low of $16.10 and a 1-year high of $32.05. The company has a 50-day moving average of $29.26 and a 200-day moving average of $26.73. The firm’s market cap is $876.61 million.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. During the same period in the prior year, the company earned $0.02 EPS. The company’s revenue was up 23.4% on a year-over-year basis. Analysts predict that Vocera Communications will post $0.16 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “BidaskClub Lowers Vocera Communications, Inc. (VCRA) to Buy” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The legal version of this story can be read at https://ledgergazette.com/2017/10/11/bidaskclub-lowers-vocera-communications-inc-vcra-to-buy.html.

In other Vocera Communications news, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total value of $138,450.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total value of $62,340.00. The disclosure for this sale can be found here. Insiders sold 84,925 shares of company stock worth $2,282,567 in the last three months. 6.30% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of VCRA. Conestoga Capital Advisors LLC acquired a new stake in Vocera Communications in the second quarter valued at $14,907,000. Driehaus Capital Management LLC grew its holdings in Vocera Communications by 2,922.4% in the first quarter. Driehaus Capital Management LLC now owns 425,075 shares of the communications equipment provider’s stock valued at $10,555,000 after purchasing an additional 411,011 shares during the last quarter. UBS Asset Management Americas Inc. grew its holdings in Vocera Communications by 2,931.3% in the first quarter. UBS Asset Management Americas Inc. now owns 387,066 shares of the communications equipment provider’s stock valued at $9,611,000 after purchasing an additional 374,297 shares during the last quarter. Lucha Capital Management LP acquired a new stake in Vocera Communications in the first quarter valued at $7,639,000. Finally, Alliancebernstein L.P. grew its holdings in Vocera Communications by 20.0% in 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 purchasing an additional 236,941 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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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