Vocera Communications (NYSE:VCRA) Stock Rating Lowered by ValuEngine

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Vocera Communications (NYSE:VCRA) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday, ValuEngine reports.

Several other research analysts have also commented on VCRA. Cantor Fitzgerald restated an “overweight” rating on shares of Prothena in a research report on Thursday, May 16th. Guggenheim assumed coverage on Patterson Companies in a report on Wednesday, April 17th. They issued a “neutral” rating and a $23.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.30.

VCRA opened at $29.33 on Friday. Vocera Communications has a 52 week low of $28.31 and a 52 week high of $42.60. The stock’s fifty day moving average price is $31.33. The stock has a market capitalization of $911.63 million, a price-to-earnings ratio of -172.53 and a beta of 0.22. The company has a debt-to-equity ratio of 0.71, a quick ratio of 4.46 and a current ratio of 4.57.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, April 25th. The communications equipment provider reported ($0.17) EPS for the quarter, topping the consensus estimate of ($0.39) by $0.22. Vocera Communications had a negative return on equity of 7.87% and a negative net margin of 9.52%. The business had revenue of $35.30 million during the quarter, compared to analyst estimates of $34.03 million. During the same period last year, the business posted $0.04 earnings per share. The company’s quarterly revenue was down 12.2% on a year-over-year basis. Research analysts expect that Vocera Communications will post -0.33 earnings per share for the current year.

In related news, Director Sharon O’keefe sold 4,000 shares of Vocera Communications stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $29.60, for a total value of $118,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Brent D. Lang sold 12,000 shares of Vocera Communications stock in a transaction on Monday, May 6th. The shares were sold at an average price of $35.06, for a total value of $420,720.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,735 shares of company stock valued at $1,641,179. 3.20% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in Vocera Communications by 1,557,172.7% in the first quarter. FMR LLC now owns 513,900 shares of the communications equipment provider’s stock valued at $16,255,000 after buying an additional 513,867 shares in the last quarter. Elk Creek Partners LLC acquired a new stake in Vocera Communications in the first quarter valued at $11,371,000. Norges Bank acquired a new stake in Vocera Communications in the fourth quarter valued at $13,129,000. Janus Henderson Group PLC raised its stake in Vocera Communications by 24.0% in the first quarter. Janus Henderson Group PLC now owns 1,140,259 shares of the communications equipment provider’s stock valued at $36,066,000 after buying an additional 220,388 shares in the last quarter. Finally, Clearbridge Investments LLC raised its stake in Vocera Communications by 8.6% in the first quarter. Clearbridge Investments LLC now owns 1,526,439 shares of the communications equipment provider’s stock valued at $48,281,000 after buying an additional 120,329 shares in the last quarter.

About Vocera Communications

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 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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