Vocera Communications, Inc. (NYSE:VCRA) announced its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01, Bloomberg Earnings reports. The business had revenue of $42.30 million for the quarter, compared to the consensus estimate of $41.44 million. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. Vocera Communications’s revenue for the quarter was up 25.3% on a year-over-year basis. During the same period last year, the company posted $0.08 EPS. Vocera Communications updated its Q4 guidance to $0.07-0.18 EPS.
Vocera Communications (NYSE:VCRA) traded down $0.19 on Friday, hitting $25.12. The stock had a trading volume of 212,700 shares, compared to its average volume of 192,230. Vocera Communications has a 12 month low of $16.10 and a 12 month high of $32.23.
Several analysts have commented on VCRA shares. BidaskClub upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, September 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $30.00 target price on shares of Vocera Communications in a research note on Tuesday, September 26th. Leerink Swann reissued an “outperform” rating and issued a $34.00 target price (up from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. lifted their price objective on shares of Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $32.67.
In related news, Director Sharon O’keefe sold 2,000 shares of the business’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $31.17, for a total value of $62,340.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $26.78, for a total value of $133,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,000 shares of company stock valued at $784,710. 6.30% of the stock is owned by insiders.
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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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