Vocera Communications (VCRA) Research Coverage Started at Robert W. Baird

Robert W. Baird began coverage on shares of Vocera Communications (NYSE:VCRA) in a research note released on Wednesday morning, MarketBeat reports. The brokerage issued an outperform rating and a $35.00 price objective on the communications equipment provider’s stock.

A number of other equities research analysts have also recently weighed in on VCRA. BidaskClub upgraded Vocera Communications from a buy rating to a strong-buy rating in a research note on Wednesday, September 27th. Cantor Fitzgerald restated a buy rating and set a $30.00 price objective on shares of Vocera Communications in a research note on Tuesday, September 26th. Zacks Investment Research upgraded Vocera Communications from a hold rating to a buy rating and set a $35.00 price target for the company in a research note on Friday, September 29th. Craig Hallum reiterated a buy rating and issued a $36.00 price target on shares of Vocera Communications in a research note on Monday, November 27th. Finally, Leerink Swann reiterated an outperform rating and issued a $34.00 price target (up from $31.00) on shares of Vocera Communications in a research note on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the stock. Vocera Communications presently has a consensus rating of Buy and a consensus target price of $33.38.

Shares of Vocera Communications (NYSE:VCRA) opened at $29.65 on Wednesday. The firm has a market capitalization of $887.61, a price-to-earnings ratio of -30.89 and a beta of -0.42. Vocera Communications has a 12 month low of $17.31 and a 12 month high of $32.23.

Vocera Communications (NYSE:VCRA) last issued its quarterly earnings data on Thursday, October 26th. The communications equipment provider reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. The firm had revenue of $42.30 million during the quarter, compared to analysts’ expectations of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.08 EPS. analysts forecast that Vocera Communications will post -0.41 EPS for the current year.

In other news, Director Sharon O’keefe sold 2,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $31.17, for a total value of $62,340.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $31.61, for a total value of $158,050.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,000 shares of company stock valued at $546,960. 6.30% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. First Mercantile Trust Co. purchased a new position in shares of Vocera Communications in the second quarter worth about $132,000. US Bancorp DE grew its holdings in Vocera Communications by 41.9% during the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after acquiring an additional 1,538 shares during the period. Legal & General Group Plc grew its holdings in Vocera Communications by 11.2% during the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after acquiring an additional 671 shares during the period. Sei Investments Co. grew its holdings in Vocera Communications by 36.1% during the second quarter. Sei Investments Co. now owns 7,853 shares of the communications equipment provider’s stock worth $207,000 after acquiring an additional 2,082 shares during the period. Finally, JPMorgan Chase & Co. acquired a new stake in Vocera Communications during the second quarter worth about $215,000.

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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.

Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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