$43.25 Million in Sales Expected for Vocera Communications Inc (VCRA) This Quarter

Wall Street analysts forecast that Vocera Communications Inc (NYSE:VCRA) will announce $43.25 million in sales for the current quarter, according to Zacks. Seven analysts have issued estimates for Vocera Communications’ earnings, with the lowest sales estimate coming in at $42.50 million and the highest estimate coming in at $44.10 million. Vocera Communications reported sales of $42.69 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that Vocera Communications will report full-year sales of $191.45 million for the current financial year, with estimates ranging from $187.50 million to $195.00 million. For the next fiscal year, analysts anticipate that the company will post sales of $217.84 million, with estimates ranging from $200.90 million to $226.68 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Vocera Communications.

Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.22. The company had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $34.03 million. Vocera Communications had a negative net margin of 9.52% and a negative return on equity of 7.87%. The firm’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share.

VCRA has been the subject of a number of research reports. Cantor Fitzgerald restated a “buy” rating and set a $37.00 target price on shares of Vocera Communications in a research report on Thursday, April 25th. Guggenheim initiated coverage on shares of Vocera Communications in a research report on Wednesday, April 17th. They set a “buy” rating and a $35.00 target price for the company. Dougherty & Co upgraded shares of Vocera Communications from a “neutral” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Thursday, February 28th. Zacks Investment Research cut shares of Vocera Communications from a “buy” rating to a “hold” rating in a research report on Saturday, February 9th. Finally, Citigroup cut shares of Vocera Communications from a “buy” rating to a “neutral” rating in a research report on Friday, February 8th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.30.

In other news, EVP Paul T. Johnson sold 1,000 shares of Vocera Communications stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $34.22, for a total transaction of $34,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Brent D. Lang sold 24,000 shares of Vocera Communications stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $35.06, for a total transaction of $841,440.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,377 shares of company stock valued at $3,324,115. Insiders own 3.20% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in Vocera Communications by 3.8% in the fourth quarter. BlackRock Inc. now owns 2,200,316 shares of the communications equipment provider’s stock valued at $86,581,000 after purchasing an additional 80,364 shares during the period. Conestoga Capital Advisors LLC grew its holdings in Vocera Communications by 3.3% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,842,229 shares of the communications equipment provider’s stock valued at $72,492,000 after purchasing an additional 58,694 shares during the period. Clearbridge Investments LLC grew its holdings in Vocera Communications by 8.6% in the first quarter. Clearbridge Investments LLC now owns 1,526,439 shares of the communications equipment provider’s stock valued at $48,281,000 after purchasing an additional 120,329 shares during the period. Vanguard Group Inc grew its holdings in Vocera Communications by 1.6% in the third quarter. Vanguard Group Inc now owns 1,382,125 shares of the communications equipment provider’s stock valued at $50,558,000 after purchasing an additional 21,962 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Vocera Communications by 1.6% in the third quarter. Vanguard Group Inc. now owns 1,382,125 shares of the communications equipment provider’s stock valued at $50,558,000 after purchasing an additional 21,962 shares during the period.

VCRA traded up $0.79 during midday trading on Friday, reaching $32.00. 183,730 shares of the company’s stock were exchanged, compared to its average volume of 457,847. The company has a current ratio of 4.57, a quick ratio of 4.46 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1.01 billion, a P/E ratio of -188.24 and a beta of 0.24. Vocera Communications has a 1-year low of $25.85 and a 1-year high of $42.60.

About Vocera Communications

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 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.

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