Vocera Communications Sets New 1-Year Low After Analyst Downgrade (VCRA)
Vocera Communications (NASDAQ:VCRA) hit a new 52-week low during mid-day trading on Monday after Robert W. Baird lowered their price target on the stock from $17.00 to $16.00, Analyst Ratings Network.com reports. The company traded as low as $11.78 and last traded at $12.06, with a volume of 402,168 shares changing hands. The stock had previously closed at $12.74.
VCRA has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. downgraded shares of Vocera Communications from an “overweight” rating to a “neutral” rating in a research note on Friday. They now have a $17.00 price target on the stock, down previously from $22.00. Separately, analysts at TheStreet downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Monday, March 17th. Finally, analysts at Avondale Partners initiated coverage on shares of Vocera Communications in a research note on Thursday, February 27th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $18.10.
The stock’s 50-day moving average is $15.62 and its 200-day moving average is $16.56. The company’s market cap is $302.9 million.
Vocera Communications (NASDAQ:VCRA) last announced its earnings results on Thursday, May 1st. The company reported ($0.14) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.15) by $0.01. The company had revenue of $24.67 million for the quarter, compared to the consensus estimate of $24.19 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. The company’s quarterly revenue was up 10.1% on a year-over-year basis. On average, analysts predict that Vocera Communications will post $-0.22 earnings per share for the current fiscal year.
Vocera Communications, Inc (NASDAQ:VCRA) is a provider of mobile communication solutions.
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