$37.45 Million in Sales Expected for Vocera Communications, Inc. (NYSE:VCRA) This Quarter
Equities research analysts forecast that Vocera Communications, Inc. (NYSE:VCRA) will post $37.45 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Vocera Communications’ earnings. The lowest sales estimate is $37.00 million and the highest is $37.70 million. Vocera Communications posted sales of $31.15 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.2%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, July 27th.
According to Zacks, analysts expect that Vocera Communications will report full year sales of $37.45 million for the current financial year, with estimates ranging from $158.27 million to $160.86 million. For the next fiscal year, analysts forecast that the company will post sales of $185.51 million per share, with estimates ranging from $176.00 million to $189.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Vocera Communications.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Friday, April 28th. The communications equipment provider reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by $0.11. The firm had revenue of $36.30 million for the quarter, compared to analysts’ expectations of $34.46 million. Vocera Communications had a negative return on equity of 11.38% and a negative net margin of 14.81%. The business’s revenue for the quarter was up 35.4% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, June 28th. ValuEngine upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $28.00 target price (up previously from $27.00) on shares of Vocera Communications in a research report on Monday, May 1st. CIBC upped their target price on shares of Vocera Communications from $27.00 to $28.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Finally, Dougherty & Co upped their target price on shares of Vocera Communications from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $24.71.
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In other Vocera Communications news, EVP Paul T. Johnson sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 10th. The shares were sold at an average price of $24.97, for a total value of $99,880.00. Following the transaction, the executive vice president now owns 170,134 shares in the company, valued at approximately $4,248,245.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Robert Zollars sold 57,925 shares of the company’s stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $25.78, for a total transaction of $1,493,306.50. Following the completion of the transaction, the director now owns 42,748 shares in the company, valued at approximately $1,102,043.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 450,245 shares of company stock valued at $11,566,561. Company insiders own 6.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE raised its position in Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock valued at $138,000 after buying an additional 1,538 shares in the last quarter. Aperio Group LLC raised its position in Vocera Communications by 134.4% in the second quarter. Aperio Group LLC now owns 20,372 shares of the communications equipment provider’s stock valued at $538,000 after buying an additional 11,682 shares in the last quarter. Rockefeller Financial Services Inc. raised its position in Vocera Communications by 3.1% in the second quarter. Rockefeller Financial Services Inc. now owns 926,895 shares of the communications equipment provider’s stock valued at $24,489,000 after buying an additional 28,125 shares in the last quarter. Eqis Capital Management Inc. raised its position in Vocera Communications by 5.4% in the second quarter. Eqis Capital Management Inc. now owns 55,158 shares of the communications equipment provider’s stock valued at $1,457,000 after buying an additional 2,847 shares in the last quarter. Finally, Lucha Capital Management LP bought a new position in Vocera Communications during the first quarter valued at $7,639,000.
Shares of Vocera Communications (NYSE:VCRA) traded up 1.1824% during trading on Thursday, hitting $26.5199. The company’s stock had a trading volume of 51,197 shares. The firm’s 50 day moving average price is $26.44 and its 200-day moving average price is $23.59. Vocera Communications has a 52 week low of $13.03 and a 52 week high of $28.15. The company’s market cap is $749.00 million.
Vocera Communications Company Profile
Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s segments include Product and Service. The Company’s solutions include the Vocera Communication System, Vocera Care Experience, Vocera Engage integration platform, smartphone applications and its Experience Innovation Network.
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