Wall Street analysts forecast that Vocera Communications Inc (NYSE:VCRA) will report $46.41 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Vocera Communications’ earnings, with the lowest sales estimate coming in at $46.10 million and the highest estimate coming in at $47.00 million. Vocera Communications reported sales of $42.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.7%. The business is scheduled to report its next quarterly earnings report on Thursday, October 25th.
On average, analysts expect that Vocera Communications will report full-year sales of $179.65 million for the current year, with estimates ranging from $178.50 million to $180.62 million. For the next year, analysts expect that the firm will report sales of $204.29 million per share, with estimates ranging from $200.00 million to $208.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Vocera Communications.
Vocera Communications (NYSE:VCRA) last posted its quarterly earnings results on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.23. The business had revenue of $42.69 million during the quarter, compared to analyst estimates of $42.50 million. Vocera Communications had a negative return on equity of 2.72% and a negative net margin of 5.01%. The business’s revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.02 earnings per share.
Several research analysts recently weighed in on VCRA shares. ValuEngine upgraded Vocera Communications from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st. Wells Fargo & Co increased their price objective on Vocera Communications from $28.00 to $35.00 and gave the stock an “outperform” rating in a research report on Friday, July 27th. Piper Jaffray Companies increased their price objective on Vocera Communications to $33.00 and gave the stock an “overweight” rating in a research report on Thursday, June 21st. Chardan Capital increased their price objective on Vocera Communications from $35.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research upgraded Vocera Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $36.00.
VCRA stock opened at $33.50 on Tuesday. The company has a quick ratio of 4.46, a current ratio of 4.54 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.03 billion, a PE ratio of -112.00 and a beta of 0.04. Vocera Communications has a 1 year low of $22.43 and a 1 year high of $34.49.
In other Vocera Communications news, Chairman Brent D. Lang sold 10,000 shares of the company’s stock in a transaction on Monday, July 9th. The stock was sold at an average price of $32.54, for a total transaction of $325,400.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction on Thursday, July 5th. The stock was sold at an average price of $31.78, for a total value of $63,560.00. Following the transaction, the director now owns 47,727 shares in the company, valued at $1,516,764.06. The disclosure for this sale can be found here. Insiders sold 71,480 shares of company stock valued at $2,274,570 over the last quarter. 4.90% of the stock is currently owned by company insiders.
A number of large investors have recently added to or reduced their stakes in VCRA. Rice Hall James & Associates LLC raised its stake in shares of Vocera Communications by 20.1% in the second quarter. Rice Hall James & Associates LLC now owns 83,306 shares of the communications equipment provider’s stock valued at $2,490,000 after acquiring an additional 13,941 shares in the last quarter. US Bancorp DE raised its stake in shares of Vocera Communications by 51.6% in the first quarter. US Bancorp DE now owns 9,686 shares of the communications equipment provider’s stock valued at $226,000 after acquiring an additional 3,297 shares in the last quarter. Elk Creek Partners LLC raised its stake in shares of Vocera Communications by 58.1% in the first quarter. Elk Creek Partners LLC now owns 972,699 shares of the communications equipment provider’s stock valued at $22,781,000 after acquiring an additional 357,397 shares in the last quarter. Alambic Investment Management L.P. acquired a new stake in shares of Vocera Communications in the first quarter valued at $899,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of Vocera Communications by 94.9% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,208 shares of the communications equipment provider’s stock valued at $1,351,000 after acquiring an additional 22,010 shares in the last quarter.
Vocera Communications Company Profile
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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