Vocera Communications (VCRA) Sets New 1-Year High at $34.33

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Vocera Communications Inc (NYSE:VCRA) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $34.33 and last traded at $33.85, with a volume of 1985 shares changing hands. The stock had previously closed at $34.00.

VCRA has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Vocera Communications from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. Citigroup lifted their price objective on shares of Vocera Communications from $35.00 to $37.00 and gave the company a “buy” rating in a report on Monday, July 30th. Piper Jaffray Companies dropped their price target on shares of Vocera Communications from $39.00 to $36.00 and set an “overweight” rating on the stock in a research report on Friday, July 27th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price target on shares of Vocera Communications in a research report on Tuesday, August 21st. Finally, Chardan Capital raised their price target on shares of Vocera Communications from $35.00 to $47.00 and gave the company a “buy” rating in a research report on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.00.

The company has a current ratio of 4.54, a quick ratio of 4.46 and a debt-to-equity ratio of 0.72. The stock has a market cap of $994.58 million, a price-to-earnings ratio of -113.80 and a beta of 0.04.

Vocera Communications (NYSE:VCRA) last released its quarterly earnings results on Thursday, July 26th. The communications equipment provider reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.23. Vocera Communications had a negative net margin of 5.01% and a negative return on equity of 2.72%. The company had revenue of $42.69 million for the quarter, compared to analyst estimates of $42.50 million. During the same period last year, the firm earned $0.02 earnings per share. The firm’s revenue was up 7.6% on a year-over-year basis. equities analysts anticipate that Vocera Communications Inc will post -0.25 EPS for the current fiscal year.

In other Vocera Communications news, insider Mary Bridget Duffy sold 19,474 shares of Vocera Communications stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $29.06, for a total value of $565,914.44. Following the sale, the insider now owns 59,328 shares of the company’s stock, valued at $1,724,071.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Douglas Alan Carlen sold 3,000 shares of Vocera Communications stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $31.08, for a total transaction of $93,240.00. Following the completion of the sale, the general counsel now directly owns 78,517 shares in the company, valued at approximately $2,440,308.36. The disclosure for this sale can be found here. Insiders have sold 79,454 shares of company stock worth $2,450,849 over the last three months. 4.90% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the business. Rice Hall James & Associates LLC raised its position in Vocera Communications by 20.1% in the second quarter. Rice Hall James & Associates LLC now owns 83,306 shares of the communications equipment provider’s stock worth $2,490,000 after acquiring an additional 13,941 shares during the period. US Bancorp DE raised its position in Vocera Communications by 51.6% in the first quarter. US Bancorp DE now owns 9,686 shares of the communications equipment provider’s stock worth $226,000 after acquiring an additional 3,297 shares during the period. Elk Creek Partners LLC raised its position in Vocera Communications by 58.1% in the first quarter. Elk Creek Partners LLC now owns 972,699 shares of the communications equipment provider’s stock worth $22,781,000 after acquiring an additional 357,397 shares during the period. Alambic Investment Management L.P. bought a new stake in Vocera Communications in the first quarter worth about $899,000. Finally, State Board of Administration of Florida Retirement System raised its position in Vocera Communications by 14.3% in the second quarter. State Board of Administration of Florida Retirement System now owns 24,352 shares of the communications equipment provider’s stock worth $728,000 after acquiring an additional 3,040 shares during the period.

Vocera Communications Company Profile (NYSE:VCRA)

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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