Price Action to Note: Can Vocera Communications Inc’s Tomorrow be Different? The Stock Just Broke Its High

Price Action to Note: Can Vocera Communications Inc's Tomorrow be Different? The Stock Just Broke Its High

The stock of Vocera Communications Inc (NYSE:VCRA) hit a new 52-week high and has $26.02 target or 37.00% above today’s $18.99 share price. The 7 months bullish chart indicates low risk for the $503.14 million company. The 1-year high was reported on Oct, 28 by Barchart.com. If the $26.02 price target is reached, the company will be worth $186.16M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 689,819 shares traded hands or 253.97% up from the average. Vocera Communications Inc (NYSE:VCRA) has risen 32.97% since March 28, 2016 and is uptrending. It has outperformed by 28.26% the S&P500.

Vocera Communications Inc (NYSE:VCRA) Ratings Coverage

Out of 5 analysts covering Vocera Communications (NYSE:VCRA), 5 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Vocera Communications has been the topic of 13 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Tuesday, September 29 by Topeka Capital Markets. The company was maintained on Friday, July 29 by FBR Capital. The rating was maintained by Topeka Capital Markets on Thursday, January 7 with “Buy”. The stock of Vocera Communications Inc (NYSE:VCRA) has “Outperform” rating given on Wednesday, February 3 by FBR Capital. The stock of Vocera Communications Inc (NYSE:VCRA) earned “Overweight” rating by Piper Jaffray on Friday, February 12. Topeka Capital Markets maintained Vocera Communications Inc (NYSE:VCRA) rating on Wednesday, October 28. Topeka Capital Markets has “Buy” rating and $16 price target. The stock has “Outperform” rating given by FBR Capital on Friday, July 31. The stock of Vocera Communications Inc (NYSE:VCRA) earned “Outperform” rating by Leerink Swann on Monday, August 31.

According to Zacks Investment Research, “Vocera Communications Inc. provides mobile communication solutions focused on addressing critical communication challenges facing hospitals. The Company’s solutions consist of its Voice Communication, new Messaging and Care Transition solutions. It enables users to communicate with a Vocera Wi-Fi (TM) Smartphone or Vocera Connect application for smartphones including Blackberry, iPhone, and Android devices. Vocera Communications Inc. is headquartered in San Jose, Calif.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.68, from 1.74 in 2016Q1. The ratio fall, as 18 funds sold all Vocera Communications Inc shares owned while 35 reduced positions. 20 funds bought stakes while 36 increased positions. They now own 24.54 million shares or 1.82% less from 24.99 million shares in 2016Q1.
Elk Creek Prtnrs Ltd Liability last reported 0.86% of its portfolio in the stock. Northern Trust Corporation accumulated 404,956 shares or 0% of the stock. Lyon Street Cap Ltd Liability Co last reported 453,030 shares in the company. Essex Investment Mgmt Ltd Limited Liability Company, a Massachusetts-based fund reported 137,921 shares. Menta Cap Lc has 0.06% invested in the company for 36,229 shares. Springbok Llc has invested 0.03% of its portfolio in Vocera Communications Inc (NYSE:VCRA). Rice Hall James & Associates Limited holds 147,706 shares or 0.11% of its portfolio. Geode Ltd Co has 0% invested in the company for 167,435 shares. California State Teachers Retirement System holds 51,885 shares or 0% of its portfolio. Great West Life Assurance Can accumulated 4,163 shares or 0% of the stock. Driehaus Mgmt Limited Liability Company accumulated 0.07% or 151,607 shares. Wolverine Asset Limited Co has 1,100 shares for 0% of their US portfolio. Renaissance Technology Ltd accumulated 0.02% or 857,800 shares. State Board Of Administration Of Florida Retirement Sys accumulated 21,312 shares or 0% of the stock. Metropolitan Life Insur Com Ny reported 17,766 shares or 0% of all its holdings.

Insider Transactions: Since May 2, 2016, the stock had 0 buys, and 17 insider sales for $7.35 million net activity. 65,500 shares with value of $1.05M were sold by ZOLLARS ROBERT on Thursday, September 1. 4,000 shares were sold by JOHNSON PAUL T, worth $69,755 on Monday, October 3. $26,056 worth of Vocera Communications Inc (NYSE:VCRA) was sold by LANG BRENT D. on Tuesday, July 5. The insider SPITZEN JAY sold $2,400. On Friday, July 29 the insider Nada Hany sold $2.71 million.

More news for Vocera Communications Inc (NYSE:VCRA) were recently published by: Streetinsider.com, which released: “Oppenheimer Raises Price Target on Vocera Communications, Inc. (VCRA) to $22” on October 28, 2016. Reuters.com‘s article titled: “BRIEF-Vocera Communications Inc reports Q3 revenue of $33.8 million” and published on October 27, 2016 is yet another important article.

VCRA Company Profile

Vocera Communications, Inc., incorporated on February 16, 2000, is a well-known provider of communication solutions for mobile workers in healthcare, hospitality, energy, education and other industries. The Company’s solutions include the Vocera Communication System, Vocera Care Experience Suite and its Experience Innovation Network. The Company’s two divisions include Product and Service.

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