Vocera Communications Sets New 1-Year Low After Earnings Miss (VCRA)
Vocera Communications (NASDAQ:VCRA)’s share price reached a new 52-week low on Friday following a dissappointing earnings announcement, American Banking News.com reports. The company traded as low as $8.97 and last traded at $8.97, with a volume of 1,236,115 shares changing hands. The stock had previously closed at $12.57.
The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by $0.05. The company had revenue of $23.00 million for the quarter, compared to the consensus estimate of $24.93 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Craig Hallum downgraded shares of Vocera Communications from a “buy” rating to a “hold” rating in a research note on Friday. Separately, analysts at Stephens downgraded shares of Vocera Communications from an “overweight” rating to an “equal weight” rating in a research note on Friday. Finally, analysts at Topeka Capital Markets cut their price target on shares of Vocera Communications from $20.00 to $14.00 in a research note on Friday. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Vocera Communications currently has an average rating of “Hold” and an average target price of $14.24.
The stock’s 50-day moving average is $13.12 and its 200-day moving average is $14.84. The company’s market cap is $226.0 million.
Vocera Communications, Inc (NASDAQ:VCRA) is a provider of mobile communication solutions.
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