Equities analysts expect Vocera Communications Inc (NYSE:VCRA) to report sales of $39.14 million for the current quarter, Zacks reports. Six analysts have issued estimates for Vocera Communications’ earnings, with the highest sales estimate coming in at $39.63 million and the lowest estimate coming in at $38.40 million. Vocera Communications reported sales of $36.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.8%. The company is scheduled to announce its next earnings results on Thursday, April 26th.
On average, analysts expect that Vocera Communications will report full-year sales of $39.14 million for the current financial year, with estimates ranging from $179.10 million to $181.00 million. For the next year, analysts expect that the company will report sales of $205.96 million per share, with estimates ranging from $199.93 million to $223.61 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Vocera Communications.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results 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. 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 net margin of 8.75% and a negative return on equity of 8.11%. Vocera Communications’s quarterly revenue was up 26.4% compared to the same quarter last year.
Several research firms have weighed in on VCRA. Leerink Swann downgraded shares of Vocera Communications from an “outperform” rating to a “market perform” rating and set a $29.00 price target for the company. in a research note on Tuesday. They noted that the move was a valuation call. Citigroup assumed coverage on shares of Vocera Communications in a research note on Thursday, January 4th. They set a “buy” rating for the company. Craig Hallum reaffirmed a “buy” rating and set a $36.00 price objective on shares of Vocera Communications in a research note on Monday, November 27th. Chardan Capital assumed coverage on shares of Vocera Communications in a research note on Tuesday, January 30th. They set a “buy” rating and a $37.00 price objective for the company. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price objective on shares of Vocera Communications in a research note on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $32.78.
In related news, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $29.89, for a total transaction of $149,450.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sharon O’keefe sold 2,000 shares of the business’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the director now owns 42,127 shares in the company, valued at approximately $1,271,392.86. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 94,205 shares of company stock valued at $2,631,039. Insiders own 6.30% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in VCRA. Vanguard Group Inc. increased its position in shares of Vocera Communications by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock valued at $29,361,000 after buying an additional 39,267 shares during the period. California Public Employees Retirement System purchased a new position in shares of Vocera Communications during the second quarter valued at about $486,000. State Street Corp increased its position in shares of Vocera Communications by 7.7% during the second quarter. State Street Corp now owns 492,261 shares of the communications equipment provider’s stock valued at $13,006,000 after buying an additional 35,141 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Vocera Communications by 14.9% during the second 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 during the period. Finally, California State Teachers Retirement System increased its position in shares of Vocera Communications by 1.8% during the second 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 during the period.
Vocera Communications (NYSE:VCRA) traded down $0.86 during trading on Monday, reaching $24.54. 169,203 shares of the company’s stock traded hands, compared to its average volume of 272,865. The company has a market capitalization of $724.29, a P/E ratio of -49.08 and a beta of -0.40. Vocera Communications has a 1-year low of $22.26 and a 1-year high of $32.23.
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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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