Vocera Communications (VCRA) Cut to Hold at Zacks Investment Research

Vocera Communications (NYSE:VCRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif. “

Other equities research analysts have also recently issued research reports about the company. Chardan Capital raised their target price on Vocera Communications from $35.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, July 27th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 target price on shares of Vocera Communications in a research note on Tuesday, August 21st. Citigroup raised their target price on Vocera Communications from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, July 30th. Piper Jaffray Companies raised their target price on Vocera Communications to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, June 21st. Finally, ValuEngine raised Vocera Communications from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $36.55.

Shares of NYSE:VCRA traded down $0.65 during midday trading on Thursday, hitting $32.12. The company had a trading volume of 877 shares, compared to its average volume of 252,058. Vocera Communications has a twelve month low of $22.43 and a twelve month high of $36.95. The company has a debt-to-equity ratio of 0.72, a quick ratio of 4.46 and a current ratio of 4.54. The stock has a market cap of $1.10 billion, a PE ratio of -107.90 and a beta of -0.03.

Vocera Communications (NYSE:VCRA) last posted its earnings results on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.23. The company had revenue of $42.69 million during the quarter, compared to analysts’ expectations of $42.50 million. Vocera Communications had a negative return on equity of 2.72% and a negative net margin of 5.01%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, analysts predict that Vocera Communications will post -0.25 earnings per share for the current fiscal year.

In other news, Chairman Brent D. Lang sold 10,000 shares of the firm’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $33.82, for a total transaction of $338,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Douglas Alan Carlen sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total value of $93,240.00. Following the transaction, the general counsel now owns 78,517 shares of the company’s stock, valued at $2,440,308.36. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 38,500 shares of company stock valued at $1,272,415. Company insiders own 4.90% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in VCRA. Koch Industries Inc. purchased a new stake in Vocera Communications during the 1st quarter worth about $204,000. United Services Automobile Association purchased a new stake in Vocera Communications during the 2nd quarter worth about $210,000. California Public Employees Retirement System purchased a new stake in Vocera Communications during the 2nd quarter worth about $231,000. Laurion Capital Management LP purchased a new stake in Vocera Communications during the 2nd quarter worth about $234,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Vocera Communications during the 1st quarter worth about $251,000.

Vocera Communications Company Profile

Vocera Communications, Inc provides secure, integrated, and intelligent communication and workflow solutions that empowers mobile workers in healthcare, hospitality, energy, and other mission-critical mobile work environments in the United States and internationally. The company's communication solution could be integrated with other clinical systems, including electronic health records, nurse call systems, and patient monitoring, as well as to provide critical data, alerts, alarms, and clinical context that enable workflow.

Read More: Hedge Funds – How They Work For Investors

Get a free copy of the Zacks research report on Vocera Communications (VCRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

Receive News & Ratings for Vocera Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Vocera Communications and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply