Zacks: Brokerages Anticipate Vocera Communications, Inc. (VCRA) Will Post Quarterly Sales of $41.39 Million
Wall Street brokerages predict that Vocera Communications, Inc. (NYSE:VCRA) will report sales of $41.39 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for Vocera Communications’ earnings. The lowest sales estimate is $40.82 million and the highest is $42.00 million. Vocera Communications posted sales of $33.76 million in the same quarter last year, which suggests a positive year-over-year growth rate of 22.6%. The business is scheduled to issue its next earnings results on Thursday, October 26th.
On average, analysts expect that Vocera Communications will report full-year sales of $41.39 million for the current year, with estimates ranging from $159.03 million to $161.60 million. For the next fiscal year, analysts expect that the business will post sales of $186.59 million per share, with estimates ranging from $177.00 million to $192.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Vocera Communications.
Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.02). Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The firm had revenue of $38.45 million during the quarter, compared to the consensus estimate of $37.53 million. During the same period in the prior year, the business earned $0.02 earnings per share. Vocera Communications’s quarterly revenue was up 23.4% compared to the same quarter last year.
A number of equities research analysts recently weighed in on VCRA shares. ValuEngine raised shares of Vocera Communications from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research downgraded shares of Vocera Communications from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Leerink Swann reaffirmed an “outperform” rating and issued a $34.00 target price (up from $31.00) on shares of Vocera Communications in a research note on Tuesday. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and issued a $30.00 target price on shares of Vocera Communications in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Vocera Communications has a consensus rating of “Buy” and a consensus target price of $29.17.
Vocera Communications (VCRA) traded down 0.184% during trading on Friday, reaching $29.865. 62,375 shares of the company’s stock traded hands. Vocera Communications has a 52-week low of $16.10 and a 52-week high of $29.95. The company’s 50 day moving average is $27.70 and its 200-day moving average is $25.64. The stock’s market cap is $869.19 million.
In related news, Director Robert Zollars sold 62,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $26.91, for a total value of $1,668,420.00. Following the sale, the director now directly owns 42,748 shares of the company’s stock, valued at $1,150,348.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mary Bridget Duffy sold 38,320 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $25.62, for a total transaction of $981,758.40. Following the completion of the sale, the insider now directly owns 91,739 shares in the company, valued at $2,350,353.18. The disclosure for this sale can be found here. Insiders sold 243,245 shares of company stock worth $6,338,475 over the last ninety days. 6.30% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. First Mercantile Trust Co. bought a new position in Vocera Communications during the second quarter valued at approximately $132,000. US Bancorp DE grew its position in Vocera Communications by 41.9% during the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock valued at $138,000 after acquiring an additional 1,538 shares during the last quarter. Sei Investments Co. grew its position in Vocera Communications by 12.9% during the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock valued at $143,000 after acquiring an additional 658 shares during the last quarter. Legal & General Group Plc grew its position in Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock valued at $177,000 after acquiring an additional 671 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in Vocera Communications during the second quarter valued at approximately $207,000.
About Vocera Communications
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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