Vocera Communications, Inc. (VCRA) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS
Vocera Communications, Inc. (NYSE:VCRA) issued its earnings results on Thursday. The communications equipment provider reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01, Bloomberg Earnings reports. The business had revenue of $42.30 million for the quarter, compared to analysts’ expectations of $41.44 million. Vocera Communications had a negative return on equity of 14.71% and a negative net margin of 17.28%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Vocera Communications updated its Q4 guidance to $0.07-0.18 EPS.
Shares of Vocera Communications (NYSE VCRA) traded down 4.64% on Friday, hitting $28.75. 588,495 shares of the stock were exchanged. The firm’s 50-day moving average is $29.87 and its 200-day moving average is $27.15. Vocera Communications has a one year low of $16.10 and a one year high of $32.23. The company’s market cap is $836.74 million.
A number of research analysts have commented on the company. Leerink Swann upped their price target on Vocera Communications from $24.00 to $31.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price objective on shares of Vocera Communications in a research report on Thursday. Oppenheimer Holdings, Inc. upped their price objective on Vocera Communications from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday. Zacks Investment Research raised Vocera Communications from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, BidaskClub raised Vocera Communications from a “buy” rating to a “strong-buy” rating in a report on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $32.67.
In other Vocera Communications news, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $138,450.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,000 shares of company stock valued at $789,260. Company insiders own 6.30% of the company’s stock.
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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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