FBR Capital Upgrades Vocera Communications (VCRA) to Outperform

FBR Capital upgraded Vocera Communications (NYSE: VCRA) from Market Perform to Outperform with a price target of $10.00.

Analyst Steven Halper comments, "Given the recent weakness, we are upgrading Vocera Communications, Inc. (VCRA) to Outperform from Market Perform. Even though Vocera has posted difficult results for the past 18 months or so, we still believe that the company has a compelling communication solution for hospitals and other industries. Most importantly, Vocera has more than $120 million in cash, cash equivalents, and short-term investments, which we think should help to sustain the company if losses persist. Our DCF-based price target is $10, representing roughly 30% upside potential versus current levels."

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 $7.64 yesterday.

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