Vocera Communications (NYSE:VCRA) posted its quarterly earnings data on Thursday. The communications equipment provider reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.14, Briefing.com reports. Vocera Communications had a negative net margin of 17.42% and a negative return on equity of 15.55%. The company had revenue of $45.50 million for the quarter, compared to analyst estimates of $43.72 million. Vocera Communications’s quarterly revenue was up 26.4% on a year-over-year basis. Vocera Communications updated its Q1 guidance to ($0.11)-(0.03) EPS and its FY17 guidance to $0.28-0.48 EPS.
Shares of Vocera Communications (VCRA) traded down $1.16 during midday trading on Thursday, reaching $26.92. 265,482 shares of the company traded hands, compared to its average volume of 248,087. The company has a market capitalization of $813.98, a price-to-earnings ratio of -28.04 and a beta of -0.49. Vocera Communications has a fifty-two week low of $19.48 and a fifty-two week high of $32.23.
A number of research firms have recently commented on VCRA. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $35.00 price objective on shares of Vocera Communications in a research note on Monday, January 22nd. Craig Hallum reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Vocera Communications in a research note on Monday, November 27th. Oppenheimer upped their price objective on shares of Vocera Communications from $32.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Chardan Capital began coverage on shares of Vocera Communications in a research note on Tuesday, January 30th. They issued a “buy” rating and a $37.00 price objective on the stock. Finally, Citigroup began coverage on shares of Vocera Communications in a research note on Thursday, January 4th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $33.56.
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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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