Wall Street brokerages expect that Vocera Communications Inc (NYSE:VCRA) will post $46.40 million in sales for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Vocera Communications’ earnings. The highest sales estimate is $47.00 million and the lowest is $46.10 million. Vocera Communications posted sales of $42.30 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.7%. The company is expected to announce its next earnings results on Thursday, October 25th.
On average, analysts expect that Vocera Communications will report full year sales of $179.56 million for the current financial year, with estimates ranging from $178.50 million to $180.62 million. For the next year, analysts anticipate that the business will report sales of $204.57 million, with estimates ranging from $200.00 million to $208.60 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Vocera Communications.
Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.23. The business had revenue of $42.69 million for the quarter, compared to analysts’ expectations of $42.50 million. Vocera Communications had a negative return on equity of 2.72% and a negative net margin of 5.01%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS.
A number of equities research analysts have weighed in on the stock. ValuEngine upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Piper Jaffray Companies boosted their target price on shares of Vocera Communications to $33.00 and gave the company an “overweight” rating in a research note on Thursday, June 21st. Zacks Investment Research lowered shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. Chardan Capital boosted their target price on shares of Vocera Communications from $35.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, July 27th. Finally, Wells Fargo & Co boosted their target price on shares of Vocera Communications from $28.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $36.36.
In other news, General Counsel Douglas Alan Carlen sold 3,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total value of $93,240.00. Following the completion of the sale, the general counsel now directly owns 78,517 shares in the company, valued at approximately $2,440,308.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brent D. Lang sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $31.59, for a total value of $315,900.00. The disclosure for this sale can be found here. Insiders sold a total of 28,500 shares of company stock valued at $934,215 over the last 90 days. 4.90% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. Loomis Sayles & Co. L P bought a new position in shares of Vocera Communications during the 1st quarter valued at about $13,477,000. Emerald Advisers Inc. PA bought a new position in shares of Vocera Communications during the 2nd quarter valued at about $10,945,000. Emerald Mutual Fund Advisers Trust bought a new position in shares of Vocera Communications during the 2nd quarter valued at about $9,491,000. Fred Alger Management Inc. boosted its holdings in shares of Vocera Communications by 11.8% during the 2nd quarter. Fred Alger Management Inc. now owns 1,331,169 shares of the communications equipment provider’s stock valued at $39,789,000 after purchasing an additional 140,026 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Vocera Communications by 5.6% during the 2nd quarter. BlackRock Inc. now owns 2,157,527 shares of the communications equipment provider’s stock valued at $64,487,000 after purchasing an additional 114,353 shares during the last quarter.
VCRA stock traded down $0.47 during midday trading on Friday, hitting $33.53. The company’s stock had a trading volume of 3,381 shares, compared to its average volume of 253,466. The stock has a market capitalization of $1.10 billion, a PE ratio of -112.70 and a beta of -0.03. Vocera Communications has a 12 month low of $22.43 and a 12 month high of $36.95. The company has a current ratio of 4.54, a quick ratio of 4.46 and a debt-to-equity ratio of 0.72.
About Vocera Communications
Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.
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