Vocera Communications (VCRA) Posts Earnings Results, Meets Expectations

Vocera Communications (NYSE:VCRA) announced its earnings results on Thursday. The communications equipment provider reported $0.18 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.18, Bloomberg Earnings reports. Vocera Communications had a negative return on equity of 0.71% and a negative net margin of 3.36%. The company had revenue of $48.88 million during the quarter, compared to analyst estimates of $49.82 million. During the same period last year, the company posted $0.22 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year.

VCRA stock traded down $0.73 during midday trading on Thursday, reaching $39.69. The stock had a trading volume of 728,242 shares, 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. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -132.30 and a beta of 0.31. Vocera Communications has a twelve month low of $22.43 and a twelve month high of $42.60.

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In other Vocera Communications news, EVP Paul T. Johnson sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $41.00, for a total transaction of $492,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Howard E. Janzen sold 1,500 shares of the firm’s stock in a transaction dated Friday, December 7th. The stock was sold at an average price of $39.61, for a total value of $59,415.00. Following the transaction, the director now owns 49,431 shares in the company, valued at approximately $1,957,961.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 83,253 shares of company stock valued at $3,274,372. Corporate insiders own 4.90% of the company’s stock.

A number of analysts recently commented on VCRA shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $45.00 price objective on shares of Vocera Communications in a research report on Friday, January 11th. Robert W. Baird reiterated a “buy” rating and issued a $40.00 price objective on shares of Vocera Communications in a research report on Friday, November 30th. Zacks Investment Research upgraded Vocera Communications from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, January 1st. Citigroup reiterated a “buy” rating and issued a $46.00 price objective (up from $37.00) on shares of Vocera Communications in a research report on Tuesday, December 18th. Finally, Dougherty & Co lowered Vocera Communications from a “buy” rating to a “neutral” rating in a research report on Monday, January 14th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $39.89.

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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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