Vocera Communications (VCRA) Downgraded by Zacks Investment Research

Vocera Communications (NYSE:VCRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “

Several other analysts also recently issued reports on the company. Chardan Capital increased their price target on Vocera Communications from $35.00 to $47.00 and gave the company a “buy” rating in a report on Friday, July 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price target on shares of Vocera Communications in a report on Tuesday, August 21st. Citigroup increased their price target on Vocera Communications from $35.00 to $37.00 and gave the company a “buy” rating in a report on Monday, July 30th. Piper Jaffray Companies increased their price target on Vocera Communications to $33.00 and gave the company an “overweight” rating in a report on Thursday, June 21st. Finally, ValuEngine upgraded Vocera Communications from a “hold” rating to a “buy” rating in a report on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the stock. Vocera Communications has an average rating of “Buy” and a consensus target price of $36.55.

VCRA stock opened at $31.34 on Thursday. The firm has a market cap of $988.54 million, a PE ratio of -107.90 and a beta of -0.03. The company has a debt-to-equity ratio of 0.72, a current ratio of 4.54 and a quick ratio of 4.46. Vocera Communications has a 52 week low of $22.43 and a 52 week high of $36.95.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings data on Thursday, July 26th. The communications equipment provider reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.23. The business had revenue of $42.69 million during the quarter, compared to the consensus estimate 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 for the quarter was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. On average, analysts forecast that Vocera Communications will post -0.25 earnings per share for the current fiscal year.

In other Vocera Communications news, Director Howard E. Janzen sold 1,500 shares of the company’s stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $33.89, for a total value of $50,835.00. Following the completion of the transaction, the director now directly owns 63,931 shares of the company’s stock, valued at approximately $2,166,621.59. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Douglas Alan Carlen sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $31.08, for a total transaction of $93,240.00. Following the completion of the transaction, the general counsel now directly owns 78,517 shares of the company’s stock, valued at $2,440,308.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,500 shares of company stock valued at $1,272,415. 4.90% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Swiss National Bank boosted its position in Vocera Communications by 10.1% in the 2nd quarter. Swiss National Bank now owns 50,200 shares of the communications equipment provider’s stock valued at $1,500,000 after buying an additional 4,600 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Vocera Communications by 20.1% during the second quarter. Rice Hall James & Associates LLC now owns 83,306 shares of the communications equipment provider’s stock worth $2,490,000 after purchasing an additional 13,941 shares during the last quarter. BlackRock Inc. lifted its position in shares of Vocera Communications by 5.6% during the second quarter. BlackRock Inc. now owns 2,157,527 shares of the communications equipment provider’s stock worth $64,487,000 after purchasing an additional 114,353 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Vocera Communications by 14.3% during the second quarter. State Board of Administration of Florida Retirement System now owns 24,352 shares of the communications equipment provider’s stock worth $728,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Vocera Communications by 94.9% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 45,208 shares of the communications equipment provider’s stock worth $1,351,000 after purchasing an additional 22,010 shares during the last quarter.

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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