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Vocera Communications (NYSE: VCRA) has been downgraded from the "buy" rating to the "held" rating by Zacks Investment Research in a research report released Thursday to its clients and investors.
According to Zacks, "Vocera Communications Inc. provides mobile communications solutions focused on solving the critical communication challenges facing hospitals. The company's solutions include voice communication solutions, new messaging solutions and care transition. It allows users to communicate with a Vocera Wi-Fi (TM) smartphone or a Vocera Connect smartphone app, including Blackberry, iPhone and Android devices. Vocera Communications Inc. is headquartered in San Jose, California. "
Other equity research analysts have recently published research reports on the company. Chardan Capital raised its target price on Vocera Communications from $ 35.00 to $ 47.00 and awarded the stock a "buy" rating in a research note on Friday, July 27th. Cantor Fitzgerald reissued the "buy" note and set a target price of $ 36.00 on Vocera Communications shares in a research note on Tuesday, August 21st. Citigroup raised its target price on Vocera Communications from $ 35.00 to $ 37.00 and awarded the stock a "buy" rating in a research note on Monday, July 30th. Piper Jaffray raised their target price on Vocera Communications to $ 33.00 and gave it an "overweight" rating in a research note on Thursday, June 21st. Finally, ValuEngine upgraded Vocera Communications from a "research" note to a "buy" note in a research note on Thursday, June 21st. An investment analyst assigned a sales rating to the title, two more to the company. The company currently has a consensus rating of "Buy" and an average target price of $ 36.55.
NYSE: VCRA shares traded lower at $ 0.65 during the noon trading session, reaching $ 32.12. The company recorded a trading volume of 877 shares, against an average volume of 252,058. Vocera Communications has a minimum of twelve months of $ 22.43 and a twelve-month high of $ 36.95. The company has a debt-to-equity ratio of 0.72, a fast ratio of 4.46 and a current ratio of 4.54. The market capitalization of the stock is $ 1.10 billion, its PE ratio of -107.90 and its beta of -0.03.
Vocera Communications (NYSE: VCRA) released its results on Thursday, July 26. The communications equipment provider reported earnings per share (EPS) of $ 0.09 for the quarter, up $ 0.23 from the consensus estimate. The company generated $ 42.69 million in sales during the quarter, while analysts expected $ 42.50 million. Vocera Communications reported a negative return on equity of 2.72% and a negative net margin of 5.01%. The company's quarterly revenues increased by 7.6% compared to the same quarter of the previous year. In the same quarter of last year, the company had earnings per share of $ 0.02. As a group, analysts expect Vocera Communications to post earnings per share of -0.25 for the current year.
In addition, President Brent D. Lang sold 10,000 shares of the company in a transaction on Monday, October 8. 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, accessible via this link. Attorney General Douglas Alan Carlen also sold 3,000 shares of the company in a transaction on Wednesday, August 15. The shares were sold at an average price of $ 31.08, for a total value of $ 93,240.00. As a result of the transaction, the General Counsel now holds 78,517 shares of the Company valued at $ 2,440,308.36. The disclosure of this sale can be found here. Over the past 90 days, insiders sold 38,500 shares of a company worth $ 1,272,415. Insiders of the company hold 4.90% of the shares of the company.
Several institutional investors and hedge funds have recently increased or reduced their holdings in VCRA. Koch Industries Inc. acquired a new stake in Vocera Communications during the first quarter of approximately $ 204,000. United Services Automobile Association acquired a new interest in Vocera Communications during the second quarter of approximately $ 210,000. The Californian Public Employees Retirement System took a new stake in Vocera Communications in the second quarter for approximately $ 231,000. Laurion Capital Management LP acquired a new interest in Vocera Communications during the second quarter, valued at approximately $ 234,000. Finally, Dynamic Technology Private Lab Ltd acquired a new stake in Vocera Communications during the first quarter for a value of approximately 251,000 USD.
Company Profile Vocera Communications
Vocera Communications, Inc. Delivers Secure, Integrated and Intelligent Workflow and Communication Solutions Empowering Mobile Workers in Health, Hospitality, Energy and Other Critical Mobile Work Environments in the United States and around the world. 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 providing critical data, alerts, alarms and a clinical context facilitating the workflow.
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