Vocera Communications, Inc. (VCRA) Set to Announce Earnings on Wednesday
Vocera Communications, Inc. (NYSE:VCRA) is scheduled to release its earnings data after the market closes on Wednesday, October 25th. Analysts expect Vocera Communications to post earnings of $0.10 per share for the quarter. Vocera Communications has set its Q3 guidance at $0.06-0.11 EPS and its FY17 guidance at $0.08-0.22 EPS.
Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.02). The firm had revenue of $38.45 million for the quarter, compared to analyst estimates of $37.53 million. Vocera Communications had a negative net margin of 17.28% and a negative return on equity of 14.71%. The business’s revenue for the quarter was up 23.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.02 EPS. On average, analysts expect Vocera Communications to post $0.16 EPS for the current fiscal year and $0.51 EPS for the next fiscal year.
Shares of Vocera Communications, Inc. (NYSE:VCRA) opened at 29.08 on Wednesday. The firm’s 50-day moving average is $29.54 and its 200-day moving average is $26.86. The firm’s market cap is $846.34 million. Vocera Communications, Inc. has a 52-week low of $16.10 and a 52-week high of $32.05.
In related news, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $27.69, for a total transaction of $138,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $31.17, for a total value of $62,340.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,000 shares of company stock valued at $789,260. 6.30% of the stock is owned by corporate insiders.
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Several brokerages have weighed in on VCRA. BidaskClub downgraded Vocera Communications from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 price objective on shares of Vocera Communications in a research report on Tuesday, September 26th. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $35.00 price objective for the company in a research report on Friday, September 29th. Leerink Swann reiterated an “outperform” rating and issued a $34.00 price objective (up previously from $31.00) on shares of Vocera Communications in a research report on Tuesday, September 12th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and issued a $32.00 price objective on shares of Vocera Communications in a research report on Friday, September 22nd. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $31.17.
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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