Vocera Communications (VCRA) Updates Q1 Earnings Guidance

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Vocera Communications (NYSE:VCRA) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of -$0.29 to -$0.22 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $32 million to $35 million, compared to the consensus revenue estimate of $45.72 million.Vocera Communications also updated its FY 2019 guidance to $0.36-0.48 EPS.

A number of research firms have recently weighed in on VCRA. Cantor Fitzgerald reiterated a buy rating and set a $37.00 target price on shares of Vocera Communications in a research report on Thursday. ValuEngine upgraded Vocera Communications from a buy rating to a strong-buy rating in a research report on Saturday, October 27th. Citigroup reiterated a buy rating and set a $46.00 target price (up from $37.00) on shares of Vocera Communications in a research report on Tuesday, December 18th. Piper Jaffray Companies reiterated an overweight rating and set a $41.00 target price on shares of Vocera Communications in a research report on Friday, October 26th. Finally, Zacks Investment Research upgraded Vocera Communications from a hold rating to a buy rating and set a $35.00 target price for the company in a research report on Wednesday, October 24th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $39.89.

Shares of VCRA stock traded down $0.73 on Thursday, hitting $39.69. 728,242 shares of the company’s stock were exchanged, compared to its average volume of 393,827. The company has a quick ratio of 4.46, a current ratio of 4.52 and a debt-to-equity ratio of 0.69. Vocera Communications has a 12 month low of $22.43 and a 12 month high of $42.60. The company has a market cap of $1.22 billion, a P/E ratio of -132.30 and a beta of 0.31.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings data on Thursday, February 7th. The communications equipment provider reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Vocera Communications had a negative return on equity of 0.71% and a negative net margin of 3.36%. The business had revenue of $48.88 million during the quarter, compared to the consensus estimate of $49.82 million. During the same period in the prior year, the company earned $0.22 EPS. Vocera Communications’s revenue for the quarter was up 10.8% on a year-over-year basis. As a group, equities research analysts anticipate that Vocera Communications will post -0.16 earnings per share for the current fiscal year.

In related news, General Counsel Douglas Alan Carlen sold 2,000 shares of the company’s stock in a transaction on Thursday, November 15th. The stock was sold at an average price of $35.16, for a total transaction of $70,320.00. Following the completion of the sale, the general counsel now directly owns 76,517 shares in the company, valued at approximately $2,690,337.72. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Howard E. Janzen sold 1,500 shares of the company’s stock in a transaction on Friday, December 7th. The stock was sold at an average price of $39.61, for a total value of $59,415.00. Following the sale, the director now owns 49,431 shares of the company’s stock, valued at $1,957,961.91. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 83,253 shares of company stock valued at $3,274,372. 4.90% of the stock is owned by corporate insiders.

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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 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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