Vocera Communications (NYSE:VCRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
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. BidaskClub cut Vocera Communications from a “hold” rating to a “sell” rating in a report on Wednesday, October 18th. Cantor Fitzgerald reissued a “buy” rating and set a $35.00 price objective on shares of Vocera Communications in a report on Thursday, October 26th. Oppenheimer raised their price objective on Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Craig Hallum reissued a “buy” rating and set a $36.00 price objective on shares of Vocera Communications in a report on Monday, November 27th. Finally, Robert W. Baird assumed coverage on Vocera Communications in a report on Wednesday, December 20th. They set an “outperform” rating and a $35.00 price objective on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $33.00.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14. The firm had revenue of $45.50 million during the quarter, compared to the consensus estimate of $43.72 million. Vocera Communications had a negative return on equity of 8.29% and a negative net margin of 8.75%. The business’s revenue for the quarter was up 26.4% on a year-over-year basis. sell-side analysts forecast that Vocera Communications will post -0.24 EPS for the current year.
In other Vocera Communications news, Director Sharon O’keefe sold 2,000 shares of Vocera Communications stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the transaction, the director now directly owns 42,127 shares of the company’s stock, valued at approximately $1,271,392.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $28.27, for a total value of $141,350.00. The disclosure for this sale can be found here. Insiders sold a total of 78,922 shares of company stock worth $2,224,767 over the last ninety days. Insiders own 6.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in VCRA. Schwab Charles Investment Management Inc. increased its stake in Vocera Communications by 17.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 47,900 shares of the communications equipment provider’s stock worth $1,266,000 after purchasing an additional 7,100 shares during the period. JPMorgan Chase & Co. purchased a new position in Vocera Communications in the 2nd quarter worth approximately $215,000. Teachers Advisors LLC increased its stake in Vocera Communications by 10.9% in the 2nd quarter. Teachers Advisors LLC now owns 70,053 shares of the communications equipment provider’s stock worth $1,851,000 after purchasing an additional 6,886 shares during the period. TIAA CREF Investment Management LLC increased its stake in Vocera Communications by 11.5% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 107,486 shares of the communications equipment provider’s stock worth $2,840,000 after purchasing an additional 11,125 shares during the period. Finally, Ameriprise Financial Inc. purchased a new position in Vocera Communications in the 2nd quarter worth approximately $3,439,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
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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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