Vocera Communications Inc. (VCRA) Updates Q3 Earnings Guidance

Posted by on Jul 31st, 2016

Vocera Communications Inc. (NYSE:VCRA) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.02) – $0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.01. The company issued revenue guidance of $29.1-31.5 million, compared to the consensus revenue estimate of $29.24 million.Vocera Communications also updated its FY16 guidance to $0.00-0.09 EPS.

A number of brokerages recently weighed in on VCRA. FBR & Co restated a buy rating and set a $17.00 price objective on shares of Vocera Communications in a research note on Friday, May 20th. Piper Jaffray Cos. restated an overweight rating and set a $19.00 price objective on shares of Vocera Communications in a research note on Thursday, April 7th. Oppenheimer Holdings Inc. restated a buy rating on shares of Vocera Communications in a research note on Friday, June 10th. Raymond James Financial Inc. assumed coverage on shares of Vocera Communications in a research note on Wednesday, July 13th. They set an outperform rating and a $16.50 price objective on the stock. Finally, Zacks Investment Research raised Vocera Communications from a hold rating to a buy rating and set a $13.00 target price on the stock in a report on Thursday, May 5th. One analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of $17.06.

Shares of Vocera Communications Inc. (NYSE:VCRA) traded down 0.15% during trading on Thursday, reaching $13.57. The company had a trading volume of 68,449 shares. Vocera Communications Inc. has a 52-week low of $10.08 and a 52-week high of $16.02. The firm’s market capitalization is $359.63 million. The company has a 50 day moving average of $12.95 and a 200-day moving average of $12.99.

Vocera Communications (NYSE:VCRA) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.04. During the same quarter last year, the company earned ($0.09) earnings per share. The company earned $31.10 million during the quarter, compared to the consensus estimate of $27.90 million. The business’s revenue was up 22.4% on a year-over-year basis. Equities analysts expect that Vocera Communications Inc. will post ($0.01) earnings per share for the current year.

In other Vocera Communications news, EVP Paul T. Johnson sold 4,000 shares of the business’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $11.76, for a total value of $47,040.00. Following the transaction, the executive vice president now owns 125,975 shares of the company’s stock, valued at $1,481,466. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Brent D. Lang sold 2,000 shares of the business’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $13.03, for a total value of $26,060.00. The disclosure for this sale can be found here.

Vocera Communications, Inc is a provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s solutions include the Vocera Communication System, Vocera Care Experience Suite and its Experience Innovation Network. Its two operating segments include Product and Service.