Vocera Communications (NYSE:VCRA) Upgraded by Zacks Investment Research to Hold

Vocera Communications (NYSE:VCRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Friday, Zacks.com reports.

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. “

Several other equities research analysts have also recently issued reports on VCRA. Guggenheim set a $31.00 price objective on Vocera Communications and gave the stock a “buy” rating in a report on Thursday, September 26th. Wells Fargo & Co decreased their price objective on Vocera Communications from $28.00 to $25.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Cantor Fitzgerald cut Vocera Communications from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $36.00 to $20.00 in a report on Friday, October 25th. Robert W. Baird lowered Vocera Communications from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $35.00 to $20.00 in a research report on Friday, October 25th. Finally, Craig Hallum lowered Vocera Communications from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Friday, October 25th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Vocera Communications has a consensus rating of “Buy” and an average price target of $26.85.

VCRA stock traded down $0.51 during midday trading on Friday, reaching $21.71. The company’s stock had a trading volume of 14,638 shares, compared to its average volume of 243,686. The stock has a fifty day simple moving average of $20.90 and a two-hundred day simple moving average of $23.37. The firm has a market capitalization of $688.28 million, a price-to-earnings ratio of -38.09 and a beta of 0.29. The company has a debt-to-equity ratio of 0.73, a quick ratio of 4.31 and a current ratio of 4.38. Vocera Communications has a 1 year low of $17.90 and a 1 year high of $42.60.

Vocera Communications (NYSE:VCRA) last announced its earnings results on Thursday, October 24th. The communications equipment provider reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Vocera Communications had a negative return on equity of 8.37% and a negative net margin of 9.68%. The firm had revenue of $50.78 million for the quarter, compared to analysts’ expectations of $50.72 million. During the same quarter in the prior year, the firm earned $0.20 EPS. Vocera Communications’s quarterly revenue was up 6.2% on a year-over-year basis. As a group, analysts forecast that Vocera Communications will post -0.45 EPS for the current fiscal year.

In related news, EVP Paul T. Johnson sold 11,185 shares of Vocera Communications stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $20.58, for a total value of $230,187.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Justin Spencer sold 6,271 shares of Vocera Communications stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $19.88, for a total value of $124,667.48. Following the completion of the transaction, the chief financial officer now owns 158,911 shares of the company’s stock, valued at $3,159,150.68. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,456 shares of company stock worth $397,715. Corporate insiders own 3.20% of the company’s stock.

A number of large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Vocera Communications by 1,557,172.7% in the first quarter. FMR LLC now owns 513,900 shares of the communications equipment provider’s stock valued at $16,255,000 after purchasing an additional 513,867 shares in the last quarter. Northern Trust Corp boosted its position in shares of Vocera Communications by 0.6% during the 2nd quarter. Northern Trust Corp now owns 424,210 shares of the communications equipment provider’s stock worth $13,541,000 after acquiring an additional 2,568 shares in the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Vocera Communications by 48.4% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 51,460 shares of the communications equipment provider’s stock worth $1,643,000 after buying an additional 16,785 shares during the period. Vanguard Group Inc. raised its position in shares of Vocera Communications by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 1,545,557 shares of the communications equipment provider’s stock worth $49,333,000 after buying an additional 57,382 shares during the period. Finally, Bank of America Corp DE raised its position in shares of Vocera Communications by 14.7% in the 2nd quarter. Bank of America Corp DE now owns 286,556 shares of the communications equipment provider’s stock worth $9,147,000 after buying an additional 36,641 shares during the period.

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 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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