Vocera Communications (VCRA) Lowered to Neutral at Citigroup

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Citigroup lowered shares of Vocera Communications (NYSE:VCRA) from a buy rating to a neutral rating in a report issued on Friday morning, MarketBeat reports.

A number of other brokerages have also issued reports on VCRA. Zacks Investment Research raised shares of Vocera Communications from a hold rating to a buy rating and set a $44.00 price target on the stock in a report on Tuesday, January 1st. Robert W. Baird reissued a buy rating and issued a $40.00 price target on shares of Vocera Communications in a report on Friday, November 30th. Cantor Fitzgerald reissued a buy rating and issued a $37.00 price target on shares of Vocera Communications in a report on Thursday, February 7th. Dougherty & Co lowered shares of Vocera Communications from a buy rating to a neutral rating in a report on Monday, January 14th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reissued an overweight rating and issued a $41.00 price target on shares of Vocera Communications in a report on Friday, October 26th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $38.33.

VCRA stock opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 4.46 and a current ratio of 4.52. Vocera Communications has a 52 week low of $22.43 and a 52 week high of $42.60. The firm has a market cap of $975.27 million, a P/E ratio of -176.35 and a beta of 0.31.

Vocera Communications (NYSE:VCRA) last released its earnings results on Thursday, February 7th. The communications equipment provider reported $0.18 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. Vocera Communications had a negative net margin of 5.39% and a negative return on equity of 3.37%. The company had revenue of $48.88 million for the quarter, compared to analyst estimates of $49.82 million. During the same quarter last year, the firm earned $0.22 EPS. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. Research analysts expect that Vocera Communications will post -0.14 earnings per share for the current year.

In other news, General Counsel Douglas Alan Carlen sold 2,000 shares of the firm’s stock in a transaction dated Thursday, November 15th. The shares were sold at an average price of $35.16, for a total value of $70,320.00. Following the completion of the sale, the general counsel now directly owns 76,517 shares of the company’s stock, valued at approximately $2,690,337.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeff Hillebrand sold 4,200 shares of the firm’s stock in a transaction dated Monday, January 14th. The stock was sold at an average price of $38.63, for a total transaction of $162,246.00. Following the completion of the sale, the director now directly owns 78,032 shares of the company’s stock, valued at $3,014,376.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 83,253 shares of company stock valued at $3,274,372. Corporate insiders own 4.90% of the company’s stock.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Vocera Communications by 3.8% in the 4th quarter. BlackRock Inc. now owns 2,200,316 shares of the communications equipment provider’s stock worth $86,581,000 after purchasing an additional 80,364 shares during the period. Conestoga Capital Advisors LLC lifted its position in Vocera Communications by 3.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,842,229 shares of the communications equipment provider’s stock valued at $72,492,000 after acquiring an additional 58,694 shares during the period. Vanguard Group Inc. lifted its position in Vocera Communications by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 1,382,125 shares of the communications equipment provider’s stock valued at $50,558,000 after acquiring an additional 21,962 shares during the period. Vanguard Group Inc lifted its position in Vocera Communications by 1.6% during the 3rd quarter. Vanguard Group Inc now owns 1,382,125 shares of the communications equipment provider’s stock valued at $50,558,000 after acquiring an additional 21,962 shares during the period. Finally, Clearbridge Investments LLC lifted its position in Vocera Communications by 1.4% during the 3rd quarter. Clearbridge Investments LLC now owns 1,370,304 shares of the communications equipment provider’s stock valued at $50,126,000 after acquiring an additional 18,495 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 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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