Wall Street analysts forecast that Vocera Communications Inc (NYSE:VCRA) will announce sales of $42.46 million for the current quarter, according to Zacks. Six analysts have made estimates for Vocera Communications’ earnings, with the highest sales estimate coming in at $43.03 million and the lowest estimate coming in at $41.50 million. Vocera Communications reported sales of $38.45 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.4%. The company is scheduled to announce its next earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Vocera Communications will report full-year sales of $180.04 million for the current financial year, with estimates ranging from $179.00 million to $181.45 million. For the next year, analysts expect that the firm will report sales of $205.25 million per share, with estimates ranging from $201.10 million to $210.92 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Vocera Communications.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, April 26th. The communications equipment provider reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.09. The business had revenue of $40.20 million for the quarter, compared to analyst estimates of $39.16 million. Vocera Communications had a negative net margin of 7.42% and a negative return on equity of 5.95%. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) EPS.
Several research firms have recently issued reports on VCRA. Zacks Investment Research downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Friday, April 13th. Leerink Swann downgraded shares of Vocera Communications from an “outperform” rating to a “market perform” rating and set a $29.00 target price for the company. in a research note on Tuesday, March 13th. They noted that the move was a valuation call. Piper Jaffray Companies lifted their target price on shares of Vocera Communications to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, June 21st. ValuEngine raised shares of Vocera Communications from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $35.00 target price on shares of Vocera Communications in a research note on Tuesday, March 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.00.
In other Vocera Communications news, Chairman Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction on Tuesday, April 17th. The shares were sold at an average price of $25.16, for a total value of $251,600.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Bridget Duffy sold 19,474 shares of the firm’s stock in a transaction on Friday, June 15th. The stock was sold at an average price of $29.06, for a total transaction of $565,914.44. Following the completion of the sale, the insider now owns 59,328 shares of the company’s stock, valued at $1,724,071.68. The disclosure for this sale can be found here. Insiders have sold 77,901 shares of company stock valued at $2,164,653 in the last three months. 4.90% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of VCRA. Swiss National Bank grew its holdings in shares of Vocera Communications by 7.3% during the first quarter. Swiss National Bank now owns 45,600 shares of the communications equipment provider’s stock valued at $1,068,000 after buying an additional 3,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Vocera Communications by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 258,214 shares of the communications equipment provider’s stock valued at $7,803,000 after purchasing an additional 3,173 shares in the last quarter. US Bancorp DE lifted its position in shares of Vocera Communications by 51.6% during the first quarter. US Bancorp DE now owns 9,686 shares of the communications equipment provider’s stock valued at $226,000 after purchasing an additional 3,297 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Vocera Communications by 2.6% during the first quarter. Schwab Charles Investment Management Inc. now owns 152,100 shares of the communications equipment provider’s stock valued at $3,563,000 after purchasing an additional 3,832 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in shares of Vocera Communications by 30.9% during the fourth quarter. Brown Advisory Inc. now owns 18,630 shares of the communications equipment provider’s stock valued at $563,000 after purchasing an additional 4,396 shares in the last quarter.
Vocera Communications traded up $0.58, hitting $31.77, on Friday, MarketBeat.com reports. The company had a trading volume of 13,976 shares, compared to its average volume of 270,375. The company has a market cap of $920.07 million, a price-to-earnings ratio of -105.73 and a beta of -0.09. Vocera Communications has a 52 week low of $22.43 and a 52 week high of $32.23.
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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