Vocera (VCRA) Receives a Buy from Cantor Fitzgerald

In a report released today, Steven Halper from Cantor Fitzgerald maintained a Buy rating on Vocera (VCRA), with a price target of $37. The company’s shares opened today at $31.30.

Halper wrote:

“VCRA provide advanced communication systems to hospitals (and other businesses). More efficient communications among hospital workers help to reduce operating costs and allow hospitals to operate more efficiently. The company offers a compelling return on investment. Its growing footprint of hospitals will allow for more predictable expansion of sales and maintenance and support revenue. DCF-based price target is $37. We assume 15% top line growth over the next several years, margin expansion and 8.0% WACC.”

According to TipRanks.com, Halper is a 5-star analyst with an average return of 16.0% and a 60.0% success rate. Halper covers the Services sector, focusing on stocks such as WellCare Health Plans, Tivity Health Inc, and Hms Holdings Corp.

Currently, the analyst consensus on Vocera is a Strong Buy with an average price target of $37.13, which is a 18.6% upside from current levels. 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 511.1K.

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.

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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.