Vocera Communications Inc (VCRA) Expected to Announce Quarterly Sales of $41.30 Million
Analysts expect Vocera Communications Inc (NYSE:VCRA) to report $41.30 million in sales for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Vocera Communications’ earnings, with the lowest sales estimate coming in at $40.82 million and the highest estimate coming in at $41.57 million. Vocera Communications reported sales of $33.76 million during the same quarter last year, which indicates a positive year over year growth rate of 22.3%. The firm is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that Vocera Communications will report full-year sales of $41.30 million for the current fiscal year, with estimates ranging from $159.03 million to $161.60 million. For the next financial year, analysts anticipate that the firm will report sales of $186.53 million per share, with estimates ranging from $177.00 million to $191.60 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Vocera Communications.
Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, July 27th. The communications equipment provider reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by $0.02. The firm had revenue of $38.45 million for the quarter, compared to analysts’ expectations of $37.53 million. Vocera Communications had a negative net margin of 19.12% and a negative return on equity of 29.39%. The business’s quarterly revenue was up 23.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.02 EPS.
Several research analysts have commented on VCRA shares. Zacks Investment Research upgraded shares of Vocera Communications from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Wednesday, April 12th. Dougherty & Co raised their target price on shares of Vocera Communications from $25.00 to $28.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $28.00 target price (up from $27.00) on shares of Vocera Communications in a report on Monday, May 1st. CIBC raised their target price on shares of Vocera Communications from $27.00 to $28.00 and gave the stock an “outperform” rating in a report on Tuesday, May 2nd. Finally, ValuEngine upgraded shares of Vocera Communications from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $28.67.
Vocera Communications (NYSE:VCRA) opened at 28.21 on Wednesday. The stock’s market cap is $801.78 million. Vocera Communications has a 52 week low of $14.80 and a 52 week high of $28.60. The company’s 50 day moving average is $26.35 and its 200 day moving average is $24.13.
In other Vocera Communications news, Director Robert Zollars sold 57,925 shares of Vocera Communications stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $25.78, for a total value of $1,493,306.50. Following the completion of the sale, the director now directly owns 42,748 shares in the company, valued at $1,102,043.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brent D. Lang sold 5,000 shares of Vocera Communications stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $27.69, for a total transaction of $138,450.00. The disclosure for this sale can be found here. Insiders sold 393,245 shares of company stock valued at $10,174,851 over the last quarter. Corporate insiders own 6.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. First Mercantile Trust Co. acquired a new stake in Vocera Communications during the second quarter worth about $132,000. US Bancorp DE raised its position in Vocera Communications by 41.9% in the second quarter. US Bancorp DE now owns 5,208 shares of the communications equipment provider’s stock worth $138,000 after buying an additional 1,538 shares in the last quarter. Sei Investments Co. raised its position in Vocera Communications by 12.9% in the first quarter. Sei Investments Co. now owns 5,771 shares of the communications equipment provider’s stock worth $143,000 after buying an additional 658 shares in the last quarter. Legal & General Group Plc raised its position in Vocera Communications by 11.2% in the second quarter. Legal & General Group Plc now owns 6,662 shares of the communications equipment provider’s stock worth $177,000 after buying an additional 671 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Vocera Communications during the second quarter worth approximately $207,000.
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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