Vocera Communications Inc (NYSE:VCRA) – Dougherty & Co reduced their FY2018 earnings per share estimates for Vocera Communications in a note issued to investors on Monday, Zacks Investment Research reports. Dougherty & Co analyst G. Mannheimer now anticipates that the communications equipment provider will post earnings per share of ($0.23) for the year, down from their prior estimate of ($0.04).
Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. Vocera Communications had a negative return on equity of 8.29% and a negative net margin of 8.75%. The firm had revenue of $45.50 million for the quarter, compared to the consensus estimate of $43.72 million. The business’s revenue was up 26.4% compared to the same quarter last year.
VCRA has been the topic of a number of other research reports. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Thursday, December 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a research note on Monday, January 22nd. BidaskClub downgraded Vocera Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Robert W. Baird assumed coverage on Vocera Communications in a research note on Wednesday, December 20th. They issued an “outperform” rating and a $35.00 price objective on the stock. Finally, Oppenheimer upped their price objective on Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. Vocera Communications currently has a consensus rating of “Buy” and a consensus price target of $33.00.
Shares of Vocera Communications (NYSE:VCRA) traded up $0.33 during midday trading on Wednesday, hitting $26.48. The stock had a trading volume of 66,246 shares, compared to its average volume of 264,339. Vocera Communications has a 12-month low of $20.20 and a 12-month high of $32.23.
Several large investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Vocera Communications by 1.8% in the fourth quarter. BlackRock Inc. now owns 2,062,285 shares of the communications equipment provider’s stock worth $62,322,000 after purchasing an additional 35,896 shares during the period. Alliancebernstein L.P. increased its holdings in shares of Vocera Communications by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 1,597,525 shares of the communications equipment provider’s stock worth $48,277,000 after purchasing an additional 103,389 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Vocera Communications by 6.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock worth $47,385,000 after purchasing an additional 96,200 shares during the period. Clearbridge Investments LLC increased its holdings in shares of Vocera Communications by 2.1% in the fourth quarter. Clearbridge Investments LLC now owns 1,337,386 shares of the communications equipment provider’s stock worth $40,416,000 after purchasing an additional 27,287 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Vocera Communications by 3.7% in the second quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock worth $29,361,000 after purchasing an additional 39,267 shares during the period. Hedge funds and other institutional investors own 98.34% of the company’s stock.
In other Vocera Communications news, CEO Brent D. Lang sold 5,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $29.89, for a total transaction of $149,450.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Brent D. Lang sold 10,000 shares of the stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total value of $279,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 78,922 shares of company stock worth $2,224,767. Company insiders own 6.30% of the company’s stock.
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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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