Vocera Communications (VCRA) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Vocera Communications (NYSE:VCRA) from a buy rating to a hold rating in a research report released on Saturday morning.

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. “

A number of other brokerages also recently commented on VCRA. BidaskClub raised Vocera Communications from a sell rating to a hold rating in a research report on Wednesday, October 25th. Citigroup assumed coverage on Vocera Communications in a report on Thursday, January 4th. They issued a buy rating for the company. Oppenheimer upped their price target on Vocera Communications from $32.00 to $36.00 and gave the company an outperform rating in a report on Friday, October 27th. Cantor Fitzgerald reaffirmed a buy rating and issued a $35.00 price target on shares of Vocera Communications in a report on Thursday, October 26th. Finally, Robert W. Baird assumed coverage on Vocera Communications in a report on Wednesday, December 20th. They issued an outperform rating and a $35.00 price target for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $33.13.

Vocera Communications (VCRA) opened at $29.84 on Friday. Vocera Communications has a 52-week low of $19.02 and a 52-week high of $32.23. The company has a market capitalization of $894.04, a PE ratio of -31.41 and a beta of -0.42.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.10 by $0.01. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The business 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 company posted $0.08 earnings per share. The business’s revenue for the quarter was up 25.3% on a year-over-year basis. research analysts anticipate that Vocera Communications will post -0.43 EPS for the current fiscal year.

In related news, Director Sharon O’keefe sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $30.18, for a total value of $60,360.00. Following the completion of the transaction, the director now directly owns 42,127 shares of the company’s stock, valued at $1,271,392.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $26.78, for a total value of $133,900.00. The disclosure for this sale can be found here. Insiders sold 19,000 shares of company stock valued at $536,380 over the last ninety days. 6.30% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System boosted its holdings in shares of Vocera Communications by 27.7% in the third quarter. California Public Employees Retirement System now owns 23,491 shares of the communications equipment provider’s stock valued at $737,000 after acquiring an additional 5,091 shares during the period. Asset Management One Co. Ltd. acquired a new stake in shares of Vocera Communications in the third quarter valued at approximately $5,666,000. Envestnet Asset Management Inc. boosted its holdings 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 valued at $241,000 after acquiring an additional 2,231 shares during the period. OxFORD Asset Management LLP boosted its holdings in shares of Vocera Communications by 36.3% in the third quarter. OxFORD Asset Management LLP now owns 38,027 shares of the communications equipment provider’s stock valued at $1,200,000 after acquiring an additional 10,119 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Vocera Communications by 177.2% in 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 acquiring an additional 84,865 shares during the period.

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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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