Dougherty & Co Weighs in on Vocera Communications Inc’s FY2018 Earnings (VCRA)

Vocera Communications Inc (NYSE:VCRA) – Equities research analysts at Dougherty & Co dropped their FY2018 EPS estimates for shares of Vocera Communications in a report issued on Monday. Dougherty & Co analyst G. Mannheimer now forecasts that the communications equipment provider will post earnings of ($0.23) per share for the year, down from their prior forecast of ($0.04).

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The business 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 8.29% and a negative net margin of 8.75%. The firm’s quarterly revenue was up 26.4% on a year-over-year basis.

Several other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday. Chardan Capital reissued a “buy” rating and set a $35.00 target price (down from $37.00) on shares of Vocera Communications in a research report on Monday. Leerink Swann lowered their target price on shares of Vocera Communications from $34.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, February 9th. Cantor Fitzgerald reissued a “buy” rating and set a $35.00 target price on shares of Vocera Communications in a research report on Monday, January 22nd. Finally, Citigroup started coverage on shares of Vocera Communications in a research report on Thursday, January 4th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $33.00.

Vocera Communications (NYSE:VCRA) traded up $0.53 during trading on Wednesday, reaching $26.38. 77,220 shares of the company’s stock traded hands, compared to its average volume of 273,277. The firm has a market capitalization of $726.33, a P/E ratio of -50.69 and a beta of -0.49. Vocera Communications has a 52-week low of $19.48 and a 52-week high of $32.23.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. MetLife Investment Advisors LLC bought a new position in Vocera Communications during the fourth quarter worth about $405,000. Endurant Capital Management LP bought a new position in Vocera Communications during the fourth quarter worth about $982,000. Redmile Group LLC bought a new position in shares of Vocera Communications in the fourth quarter valued at approximately $212,000. TIAA CREF Investment Management LLC raised its stake in shares of Vocera Communications by 22.7% in the fourth quarter. TIAA CREF Investment Management LLC now owns 129,094 shares of the communications equipment provider’s stock valued at $3,901,000 after acquiring an additional 23,915 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of Vocera Communications by 18.1% in the fourth quarter. Teachers Advisors LLC now owns 82,726 shares of the communications equipment provider’s stock valued at $2,500,000 after acquiring an additional 12,656 shares during the last quarter. Hedge funds and other institutional investors own 99.83% of the company’s stock.

In other Vocera Communications news, EVP Paul T. Johnson sold 12,977 shares of the firm’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $26.75, for a total transaction of $347,134.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total transaction of $279,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 78,922 shares of company stock worth $2,224,767. 6.30% of the stock is owned by company insiders.

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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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