Zacks Investment Research upgraded shares of Vocera Communications (NYSE:VCRA) from a sell rating to a hold rating in a research report sent to investors on Tuesday morning.
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. “
Several other research analysts have also commented on the company. Chardan Capital reiterated a buy rating and issued a $35.00 target price (down previously from $37.00) on shares of Vocera Communications in a research report on Monday, February 12th. Robert W. Baird initiated coverage on 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 reiterated a buy rating and issued a $35.00 target price on shares of Vocera Communications in a research report on Monday, January 22nd. Leerink Swann decreased their target price on Vocera Communications from $34.00 to $31.00 and set an outperform rating for the company in a research report on Friday, February 9th. Finally, Craig Hallum reiterated a buy rating and issued a $36.00 target price on shares of Vocera Communications in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $32.78.
Vocera Communications (VCRA) opened at $23.29 on Tuesday. The company has a market capitalization of $694.78, a P/E ratio of -45.67 and a beta of -0.40. Vocera Communications has a 12-month low of $22.85 and a 12-month high of $32.23.
Vocera Communications (NYSE:VCRA) last issued its earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 EPS for the quarter, topping the consensus estimate of $0.15 by $0.14. The company had revenue of $45.50 million during the quarter, compared to analyst estimates of $43.72 million. Vocera Communications had a negative return on equity of 8.11% and a negative net margin of 8.75%. The company’s revenue was up 26.4% on a year-over-year basis. research analysts expect that Vocera Communications will post -0.24 earnings per share for the current year.
In related news, CEO Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total value of $279,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $29.89, for a total value of $149,450.00. The disclosure for this sale can be found here. In the last three months, insiders sold 94,205 shares of company stock worth $2,631,039. Company insiders own 6.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VCRA. California Public Employees Retirement System bought a new stake in shares of Vocera Communications in the 2nd quarter worth approximately $486,000. State Street Corp raised its stake in Vocera Communications by 7.7% during the 2nd quarter. State Street Corp now owns 492,261 shares of the communications equipment provider’s stock valued at $13,006,000 after acquiring an additional 35,141 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Vocera Communications by 14.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,255 shares of the communications equipment provider’s stock valued at $587,000 after acquiring an additional 2,892 shares in the last quarter. California State Teachers Retirement System raised its stake in Vocera Communications by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 49,585 shares of the communications equipment provider’s stock valued at $1,310,000 after acquiring an additional 900 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in Vocera Communications by 2.0% during the 3rd quarter. Nationwide Fund Advisors now owns 185,180 shares of the communications equipment provider’s stock valued at $5,809,000 after acquiring an additional 3,578 shares in the last quarter.
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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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