Vocera (VCRA) Gets a Buy Rating from Oppenheimer


In a report released yesterday, Mohan Naidu from Oppenheimer maintained a Buy rating on Vocera (VCRA), with a price target of $38. The company’s shares closed yesterday at $31.30.

Naidu commented:

“Vocera 1Q numbers were ahead of expectations at $35.3M/($0.17) vs. our $34.3M/ ($0.26). Backlog was up 20% y/y while the Revenues were up 9%. The surprise strength in the non-HC bookings (Nordstrom and Four Seasons property) should help with the revenue growth this year and as the Smartbadge evaluation period elapses, we expect to see an uptick in bookings as the decisions are made. The addition of Authority to Operate (ATO) essentially doubles the DoD opportunity, and the traction with the delayed federal bookings and new ones should add to 2019 bookings. While the ramp-up in the 2H’19 numbers is likely a question mark for the stock, movement in all of these factors gives us confidence in that ramp- up. Reiterate Outperform, $38 target.”

According to TipRanks.com, Naidu is a 5-star analyst with an average return of 9.2% and a 52.5% success rate. Naidu covers the Services sector, focusing on stocks such as Tivity Health Inc, Hms Holdings Corp, and Evolent Health.

Currently, the analyst consensus on Vocera is a Strong Buy with an average price target of $37.13, representing a 18.6% upside. In a report issued on April 17, Guggenheim also initiated coverage with a Buy rating on the stock with a $35 price target.

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The company has a one-year high of $42.60 and a one-year low of $22.96. Currently, Vocera has an average volume of 511.2K.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of VCRA in relation to earlier this year. Earlier this month, Sharon O’keefe, a Director at VCRA bought 4,000 shares for a total of $64,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Vocera Communications, Inc. engages in the provision of secure, integrated, intelligent communication and workflow solutions. The firm is focused on empowering mobile workers in healthcare, hospitality, energy, and other mission critical mobile work environments in the United States and internationally.

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