Vocera Communications Inc (VCRA) to Post FY2018 Earnings of ($0.23) Per Share, Dougherty & Co Forecasts

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

Several other brokerages have also weighed in on VCRA. Zacks Investment Research lowered Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. BidaskClub raised Vocera Communications from a “sell” rating to a “hold” rating in a report on Wednesday, October 25th. Citigroup assumed coverage on Vocera Communications in a report on Thursday, January 4th. They issued a “buy” rating for the company. Oppenheimer lifted their price objective on Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company. Vocera Communications currently has an average rating of “Buy” and an average target price of $33.00.

Shares of Vocera Communications (NYSE:VCRA) traded down $0.16 on Wednesday, reaching $25.37. The company had a trading volume of 14,010 shares, compared to its average volume of 274,311. Vocera Communications has a 52 week low of $19.48 and a 52 week high of $32.23.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $45.50 million during the quarter, compared to analyst estimates of $43.72 million. The business’s revenue for the quarter was up 26.4% on a year-over-year basis.

Several institutional investors and hedge funds have recently modified their holdings of the company. California State Teachers Retirement System raised its holdings in shares of Vocera Communications by 1.8% during the 2nd quarter. California State Teachers Retirement System now owns 49,585 shares of the communications equipment provider’s stock valued at $1,310,000 after buying an additional 900 shares in the last quarter. Voya Investment Management LLC raised its holdings in shares of Vocera Communications by 6.9% during the 2nd quarter. Voya Investment Management LLC now owns 15,146 shares of the communications equipment provider’s stock valued at $400,000 after buying an additional 982 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Vocera Communications by 41.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock valued at $241,000 after buying an additional 2,231 shares in the last quarter. Swiss National Bank raised its holdings in shares of Vocera Communications by 6.5% during the 3rd quarter. Swiss National Bank now owns 42,500 shares of the communications equipment provider’s stock valued at $1,333,000 after buying an additional 2,600 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Vocera Communications by 14.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 22,255 shares of the communications equipment provider’s stock valued at $587,000 after buying an additional 2,892 shares in 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 3,606 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $25.86, for a total value of $93,251.16. Following the completion of the transaction, the executive vice president now owns 145,945 shares in the company, valued at approximately $3,774,137.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Paul T. Johnson sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $26.23, for a total value of $78,690.00. Following the completion of the transaction, the executive vice president now owns 145,945 shares of the company’s stock, valued at approximately $3,828,137.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,922 shares of company stock valued at $2,224,767. 6.30% of the stock is owned by corporate insiders.

ILLEGAL ACTIVITY WARNING: “Vocera Communications Inc (VCRA) to Post FY2018 Earnings of ($0.23) Per Share, Dougherty & Co Forecasts” was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The correct version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/14/vocera-communications-inc-vcra-to-post-fy2018-earnings-of-0-23-per-share-dougherty-co-forecasts.html.

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.

Receive News & Ratings for Vocera Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply