$43.79 Million in Sales Expected for Vocera Communications, Inc. (VCRA) This Quarter
Brokerages expect Vocera Communications, Inc. (NYSE:VCRA) to report sales of $43.79 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Vocera Communications’ earnings. The lowest sales estimate is $43.00 million and the highest is $44.50 million. Vocera Communications posted sales of $36.01 million during the same quarter last year, which would indicate a positive year over year growth rate of 21.6%. The business is scheduled to issue its next earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Vocera Communications will report full-year sales of $43.79 million for the current financial year, with estimates ranging from $160.00 million to $161.60 million. For the next year, analysts anticipate that the firm will report sales of $186.76 million per share, with estimates ranging from $177.00 million to $192.30 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Vocera Communications.
Vocera Communications (NYSE:VCRA) last issued its quarterly earnings results on Thursday, October 26th. The communications equipment provider reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The company had revenue of $42.30 million for the quarter, compared to analyst estimates of $41.44 million. Vocera Communications had a negative return on equity of 15.55% and a negative net margin of 17.42%. During the same period in the previous year, the company posted $0.08 earnings per share. The company’s quarterly revenue was up 25.3% compared to the same quarter last year.
Several analysts recently issued reports on VCRA shares. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 target price on shares of Vocera Communications in a report on Thursday, July 27th. Leerink Swann upped their target price on Vocera Communications from $24.00 to $31.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Zacks Investment Research lowered Vocera Communications from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub lowered Vocera Communications from a “strong-buy” rating to a “buy” rating in a report on Wednesday, September 20th. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $32.00 target price on shares of Vocera Communications in a report on Friday, September 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Vocera Communications presently has an average rating of “Buy” and a consensus target price of $32.67.
Vocera Communications (VCRA) traded up $0.51 on Friday, reaching $25.63. The company had a trading volume of 130,800 shares, compared to its average volume of 200,969. Vocera Communications has a fifty-two week low of $16.10 and a fifty-two week high of $32.23.
In other news, General Counsel Douglas Alan Carlen sold 6,000 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $29.78, for a total value of $178,680.00. Following the transaction, the general counsel now owns 66,542 shares of the company’s stock, valued at $1,981,620.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Brent D. Lang sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $27.86, for a total value of $139,300.00. The disclosure for this sale can be found here. Insiders sold 27,000 shares of company stock worth $784,710 in the last 90 days. Corporate insiders own 6.30% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. grew its position in Vocera Communications by 20.0% during the second quarter. Alliancebernstein L.P. now owns 1,424,419 shares of the communications equipment provider’s stock worth $37,633,000 after buying an additional 236,941 shares in the last quarter. Renaissance Technologies LLC grew its position in Vocera Communications by 11.3% during the second quarter. Renaissance Technologies LLC now owns 1,364,000 shares of the communications equipment provider’s stock worth $36,037,000 after buying an additional 138,100 shares in the last quarter. Vanguard Group Inc. grew its position in Vocera Communications by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,111,324 shares of the communications equipment provider’s stock worth $29,361,000 after buying an additional 39,267 shares in the last quarter. Rockefeller Financial Services Inc. grew its position in Vocera Communications by 3.1% during the second quarter. Rockefeller Financial Services Inc. now owns 926,895 shares of the communications equipment provider’s stock worth $24,489,000 after buying an additional 28,125 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its position in Vocera Communications by 61.1% during the third quarter. Conestoga Capital Advisors LLC now owns 908,795 shares of the communications equipment provider’s stock worth $28,509,000 after buying an additional 344,545 shares in the last quarter. 98.58% of the stock is currently owned by institutional investors.
About Vocera Communications
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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