Vocera Communications Inc (VCRA) Expected to Announce Quarterly Sales of $43.55 Million

Wall Street analysts expect Vocera Communications Inc (NYSE:VCRA) to post sales of $43.55 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Vocera Communications’ earnings. The highest sales estimate is $44.50 million and the lowest is $42.30 million. Vocera Communications posted sales of $36.01 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.9%. The firm is expected to announce its next earnings report on Thursday, February 8th.

On average, analysts expect that Vocera Communications will report full-year sales of $43.55 million for the current fiscal year, with estimates ranging from $159.40 million to $161.60 million. For the next financial year, analysts expect that the company will post sales of $187.20 million per share, with estimates ranging from $177.00 million to $192.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Vocera Communications.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The firm had revenue of $42.30 million during the quarter, compared to the consensus estimate of $41.44 million. During the same period in the previous year, the firm earned $0.08 earnings per share. Vocera Communications’s revenue was up 25.3% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. BidaskClub cut shares of Vocera Communications from a “hold” rating to a “sell” rating in a research report on Wednesday, October 18th. Robert W. Baird assumed coverage on shares of Vocera Communications in a research report on Wednesday, December 20th. They set an “outperform” rating and a $35.00 price target on the stock. Zacks Investment Research raised shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, December 28th. Oppenheimer reaffirmed a “buy” rating and set a $32.00 price target on shares of Vocera Communications in a research report on Friday, September 22nd. Finally, Cantor Fitzgerald reaffirmed a “buy” rating and set a $35.00 price target on shares of Vocera Communications in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $33.13.

Shares of Vocera Communications (VCRA) opened at $25.96 on Friday. Vocera Communications has a twelve month low of $19.02 and a twelve month high of $32.23. The stock has a market cap of $758.47, a P/E ratio of -27.33 and a beta of -0.42.

In other news, EVP Paul T. Johnson sold 6,977 shares of the business’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $27.42, for a total transaction of $191,309.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Sharon O’keefe sold 2,000 shares of the business’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $30.18, for a total transaction of $60,360.00. Following the transaction, the director now directly owns 42,127 shares in the company, valued at $1,271,392.86. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,954 shares of company stock worth $1,074,824. Corporate insiders own 6.30% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Vocera Communications by 11.2% in the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 671 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Vocera Communications by 41.0% in the third quarter. Envestnet Asset Management Inc. now owns 7,678 shares of the communications equipment provider’s stock worth $241,000 after buying an additional 2,231 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Vocera Communications in the second quarter worth $215,000. Comerica Bank bought a new stake in shares of Vocera Communications in the third quarter worth $239,000. Finally, Wolverine Trading LLC increased its stake in shares of Vocera Communications by 151.9% in the second quarter. Wolverine Trading LLC now owns 8,766 shares of the communications equipment provider’s stock worth $233,000 after buying an additional 25,666 shares during the last quarter.

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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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