Vocera Communications Inc (NYSE:VCRA) – Stock analysts at Leerink Swann reduced their Q4 2018 earnings per share estimates for shares of Vocera Communications in a research note issued on Tuesday. Leerink Swann analyst D. Larsen now forecasts that the communications equipment provider will post earnings of $0.01 per share for the quarter, down from their previous estimate of $0.03. Leerink Swann has a “Market Perform” rating and a $29.00 price objective on the stock.
A number of other analysts have also issued reports on VCRA. Citigroup assumed coverage on shares of Vocera Communications in a research note on Thursday, January 4th. They issued a “buy” rating for the company. Craig Hallum restated a “buy” rating and issued a $36.00 price target on shares of Vocera Communications in a research note on Monday, November 27th. Chardan Capital assumed coverage on shares of Vocera Communications in a research note on Tuesday, January 30th. They issued a “buy” rating and a $37.00 price target for the company. Cantor Fitzgerald restated a “buy” rating and issued a $35.00 price target on shares of Vocera Communications in a research note on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Thursday, December 28th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $32.78.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, February 8th. The communications equipment provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.14. The business had revenue of $45.50 million during the quarter, compared to analyst estimates of $43.72 million. Vocera Communications had a negative net margin of 8.75% and a negative return on equity of 8.11%. The company’s revenue for the quarter was up 26.4% on a year-over-year basis.
Hedge funds have recently added to or reduced their stakes in the business. Advisory Research Inc. increased its stake in Vocera Communications by 85.3% during the fourth quarter. Advisory Research Inc. now owns 40,296 shares of the communications equipment provider’s stock valued at $1,218,000 after purchasing an additional 18,544 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in Vocera Communications by 177.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 132,765 shares of the communications equipment provider’s stock valued at $4,165,000 after purchasing an additional 84,865 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Vocera Communications by 71.7% during the third quarter. Wells Fargo & Company MN now owns 474,748 shares of the communications equipment provider’s stock valued at $14,893,000 after acquiring an additional 198,324 shares during the period. Asset Management One Co. Ltd. acquired a new position in shares of Vocera Communications during the third quarter valued at $5,666,000. Finally, Gilder Gagnon Howe & Co. LLC boosted its holdings in shares of Vocera Communications by 20.6% during the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 297,383 shares of the communications equipment provider’s stock valued at $8,987,000 after acquiring an additional 50,780 shares during the period.
In other Vocera Communications news, CEO Brent D. Lang sold 5,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $29.89, for a total transaction of $149,450.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Brent D. Lang sold 10,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $27.27, for a total transaction of $272,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 94,205 shares of company stock valued at $2,631,039. 6.30% of the stock is owned by insiders.
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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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