Vocera Communications (NYSE:VCRA) Now Covered by Guggenheim

Guggenheim began coverage on shares of Vocera Communications (NYSE:VCRA) in a research note released on Wednesday, April 17th, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $35.00 price target on the communications equipment provider’s stock.

Several other brokerages have also issued reports on VCRA. Chardan Capital lowered Vocera Communications from a buy rating to a neutral rating and lowered their price target for the company from $46.00 to $33.00 in a research note on Monday, February 11th. Cantor Fitzgerald restated a buy rating and set a $37.00 price target on shares of Vocera Communications in a research note on Thursday, February 7th. Dougherty & Co lowered Vocera Communications from a buy rating to a neutral rating in a research note on Monday, January 14th. They noted that the move was a valuation call. Zacks Investment Research upgraded Vocera Communications from a hold rating to a buy rating and set a $44.00 price target on the stock in a research note on Tuesday, January 1st. Finally, ValuEngine upgraded Vocera Communications from a buy rating to a strong-buy rating in a research note on Friday, March 15th. Three research 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 an average rating of Buy and an average price target of $39.00.

Shares of NYSE:VCRA opened at $35.11 on Wednesday. Vocera Communications has a fifty-two week low of $22.96 and a fifty-two week high of $42.60. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -206.53 and a beta of 0.24. The company has a quick ratio of 4.42, a current ratio of 4.49 and a debt-to-equity ratio of 0.68.

Vocera Communications (NYSE:VCRA) last posted its quarterly earnings data on Thursday, April 25th. The communications equipment provider reported ($0.17) earnings per share for the quarter, topping the consensus estimate of ($0.39) by $0.22. Vocera Communications had a negative return on equity of 7.89% and a negative net margin of 9.52%. The business had revenue of $35.30 million during the quarter, compared to analysts’ expectations of $34.03 million. During the same quarter in the previous year, the firm earned $0.04 EPS. The firm’s revenue was down 12.2% compared to the same quarter last year. As a group, analysts predict that Vocera Communications will post -0.33 EPS for the current fiscal year.

In other news, insider Mary Bridget Duffy sold 31,545 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $32.21, for a total value of $1,016,064.45. Following the sale, the insider now directly owns 90,873 shares in the company, valued at approximately $2,927,019.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Howard E. Janzen sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $32.53, for a total value of $48,795.00. Following the completion of the sale, the director now owns 47,931 shares in the company, valued at $1,559,195.43. The disclosure for this sale can be found here. Over the last quarter, insiders sold 98,035 shares of company stock worth $3,245,753. Corporate insiders own 3.20% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Prudential Financial Inc. purchased a new stake in Vocera Communications in the 3rd quarter valued at about $1,715,000. Bank of New York Mellon Corp raised its holdings in Vocera Communications by 17.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 196,821 shares of the communications equipment provider’s stock valued at $7,200,000 after buying an additional 29,688 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Vocera Communications in the 3rd quarter valued at about $1,065,000. MetLife Investment Advisors LLC raised its holdings in Vocera Communications by 56.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 20,932 shares of the communications equipment provider’s stock valued at $766,000 after buying an additional 7,525 shares during the period. Finally, Teachers Advisors LLC raised its holdings in Vocera Communications by 1.9% in the 3rd quarter. Teachers Advisors LLC now owns 80,530 shares of the communications equipment provider’s stock valued at $2,946,000 after buying an additional 1,485 shares during the period.

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 could be 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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Analyst Recommendations for Vocera Communications (NYSE:VCRA)

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