Oppenheimer Raises Price Target on Vocera Communications, Inc. (VCRA) to $22
Get Alerts VCRA Hot Sheet
Rating Summary:
9 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 12 | New: 13
Join SI Premium – FREE
Oppenheimer reiterated an Outperform rating on Vocera Communications, Inc. (NYSE: VCRA), and raised the price target to $22.00 (from $19.00), following the company's 3Q earnings report. 2016 revenue guidance was raised from $116-121M to $126-128M vs. the consensus estimate of $120M. EPS was raised from $0.00-0.09 to $0.01-0.07 vs. the consensus' of $0.05 estimate.
Analyst Mohan Naidu commented, "Vocera reported numbers that beat estimates handily at $34M/$0.08 vs. our $30M/ $0.02 estimate. The company also reported strong growth in government deal flow including a $14M deal with MEDCOM and traction in both HC and non-healthcare segment (three nuclear plants and one in hospitality). The magnitude of the deal flow, and the Extension HC acquisition, raise our CY17 estimates significantly. Organically, the deal flow increases our confidence in the high double-digit growth into CY17, and further traction with cross-selling could lift the overall growth in excess of 20%. We continue to believe the increased importance of communication solutions at hospitals will continue to drive the company’s growth. Remain Outperform, raising target to $22 from $19."
For an analyst ratings summary and ratings history on Vocera Communications click here. For more ratings news on Vocera Communications click here.
Shares of Vocera Communications closed at $17.14 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- MarineMax (HZO) PT Lowered to $35 at Stifel
- Keurig Dr Pepper (KDP) PT Raised to $39 at Jefferies
- Merck (MRK) PT Raised to $143 at Truist Securities
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!