Vocera Communications (NYSE:VCRA)‘s stock had its “buy” rating reissued by research analysts at Cantor Fitzgerald in a report released on Monday, January 22nd. They currently have a $35.00 price target on the communications equipment provider’s stock. Cantor Fitzgerald’s target price indicates a potential upside of 37.09% from the stock’s previous close.
The analysts wrote, “Continue to expect organic growth in the mid-teens for the next few years. Based on our meetings, we believe that VCRA continues to execute on its communications and workflow efficiency strategies. The company has penetrated just 20% of its addressable market in the U.S. International continues to be a significant opportunity and we expect the company to focus more on international this year. We continue to expect 2018 revenue to be about $188 million (17.3% y/y growth from our year end 2017 estimate).””
Several other equities research analysts also recently weighed in on VCRA. Zacks Investment Research downgraded Vocera Communications from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Citigroup began coverage on Vocera Communications in a research report on Thursday, January 4th. They issued a “buy” rating for the company. Robert W. Baird began coverage on Vocera Communications in a research report on Wednesday, December 20th. They issued an “outperform” rating and a $35.00 price objective for the company. Craig Hallum reiterated a “buy” rating and issued a $36.00 price objective on shares of Vocera Communications in a research report on Monday, November 27th. Finally, BidaskClub cut Vocera Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.00.
Vocera Communications (VCRA) opened at $25.53 on Monday. Vocera Communications has a one year low of $19.48 and a one year high of $32.23.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The business had revenue of $45.50 million during the quarter, compared to the consensus estimate 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 revenue was up 26.4% compared to the same quarter last year. sell-side analysts expect that Vocera Communications will post -0.22 earnings per share for the current fiscal year.
In other news, CEO Brent D. Lang sold 10,000 shares of Vocera Communications stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $27.96, for a total value of $279,600.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.89, for a total value of $149,450.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 78,922 shares of company stock worth $2,224,767. 6.30% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Vocera Communications by 1.8% during the 4th quarter. BlackRock Inc. now owns 2,062,285 shares of the communications equipment provider’s stock worth $62,322,000 after acquiring an additional 35,896 shares in the last quarter. Alliancebernstein L.P. lifted its position in Vocera Communications by 6.9% during the 4th quarter. Alliancebernstein L.P. now owns 1,597,525 shares of the communications equipment provider’s stock worth $48,277,000 after acquiring an additional 103,389 shares in the last quarter. Renaissance Technologies LLC lifted its position in Vocera Communications by 6.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,568,000 shares of the communications equipment provider’s stock worth $47,385,000 after acquiring an additional 96,200 shares in the last quarter. Vanguard Group Inc. lifted its position in Vocera Communications by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock worth $29,361,000 after acquiring an additional 39,267 shares in the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in Vocera Communications by 18.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,076,350 shares of the communications equipment provider’s stock worth $32,527,000 after acquiring an additional 167,555 shares in the last quarter. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
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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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