Key Developments: Vocera Communications Inc (VCRA.N)
14.25USD
2 Aug 2013
$0.25 (+1.79%)
$14.00
$14.01
$14.37
$14.01
5,908
68,911
$32.97
$11.99
Latest Key Developments (Source: Significant Developments)
Scott+Scott, Attorneys At Law, LLP Files Class Action Lawsuit Against Vocera Communications Inc
Scott+Scott, Attorneys at Law, LLP filed a class action complaint against Vocera Communications, Inc. (Vocera or the Company) in the United States District Court for the Northern District of California. The securities class action, which seeks remedies under the Securities Act of 1933 and the Securities Exchange Act of 1934, was filed on behalf of those persons and entities who purchased or otherwise acquired Vocera securities between March 28, 2012 and May 3, 2013, inclusive (the Class Period); and/or pursuant and/or traceable to the registration statement issued in connection with the Company's initial public offering on March 28, 2012 (the IPO or Offering). The complaint alleges that Vocera failed to disclose the severity of the negative impact that healthcare reform and federal budget sequestration were having on sales of the Company's communication products to hospitals. Full Article
Zeldes Haeggquist & Eck, LLP Announces Investigation of Vocera Communications Inc Concerning Possible Violations of Securities Laws
Zeldes Haeggquist & Eck, LLP, a shareholder and consumer rights litigation firm, has commenced an investigation into Vocera Communications Inc, relating to potential violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 by certain of the Company`s officers and directors during the period between March 28, 2012 through May 2, 2013 (the Class Period.). On March 28, 2012 Vocera conducted its IPO. The Company completed the IPO on April 2, 2012, having sold 5,000,000 shares and certain of its stockholders having sold 1,727,000 shares, including 877,500 shares for the underwriters' over-allotment option. The shares were sold at $16.00 per share for aggregate gross offering proceeds of $80.0 million to Vocera and $27.6 million to the selling stockholders. Following the IPO, and during the Class Period, Vocera share prices increased significantly, climbing to over $32 per share in September 2012. Then, on May 2, 2013, after the close of the market, Vocera shocked investors when it announced first quarter earnings and revenue that were significantly worse than expected. Full-year revenue and earnings forecasts were also sharply reduced. On a subsequent earnings call, management attributed the shortfall and weaker outlook to, among other factors, cost-cutting initiatives at hospitals due to healthcare reform. traded. Full Article
Vocera Communications Inc Issues Q2, FY 2013 Guidance In Line With Analysts' Estimates-Conference Call
Vocera Communications Inc announced that for fiscal 2013, it expects revenues between $100 and $110 million, non-GAAP net income between a loss of $1.3 million and a profit of $5 million, non-GAAP earnings per share between a loss of $0.05 and a profit of $0.18, and non-GAAP EBITDA between $1.2 million and $7.9 million. For the second quarter 2013, the Company expect revenues between $23 and $25 million, non-GAAP earnings between a loss of $1.6 million and $400,000, non-GAAP EPS between a loss of $0.06 and $0.02 per share, and non-GAAP adjusted EBITDA of between a loss of $1 million and a gain of $300,000. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $104 million and EPS of $0.03 for fiscal 2013; revenue of $24 million and EPS of $(0.05) for second quarter of 2013. Full Article
Vocera Communications Inc Announces CEO Change-Form 8-K
Vocera Communications Inc reported in its Form 8-K that on February 21, 2013, the Company’s Board of Directors approved a change in the senior management of the Company, to be effective on June 1, 2013. At such time, Brent D. Lang, the Company’s President and Chief Operating Officer, shall become the President and Chief Executive Officer (CEO) and Robert J. Zollars, the current Chief Executive Officer (CEO) and Chairman of the Board, will continue to serve the Company as Executive Chairman of the Board. The Board also approved the election of Mr. Lang to the Board of Directors, also effective June 1, 2013. Full Article
Vocera Communications Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 Earnings Guidance-Conference Call
Vocera Communications Inc announced that for third quarter of 2012, it expects revenues between $25 million and $26 million, non-GAAP earnings between $0.5 million and $1.5 million, non-GAP earnings per share (EPS) between $0.02 and $0.06, and non-GAAP adjusted EBITDA between $1 million and $2 million. The Company expects GAAP net loss of between $0 million and $1 million, or between $0.00 and a loss of $0.04 per share. For fiscal 2012, it expects the Company is maintaining revenue guidance of between $100 million and $102 million but increasing earnings guidance. The Company expects non-GAAP net income between $5 million and $6 million, non-GAAP earnings per share between $0.20 and $0.24, and non-GAAP adjusted EBITDA between $7 million and $8 million. Fiscal 2012 non-GAAP guidance excludes stock compensation expense of approximately $4.1 million, amortization of intangibles of approximately $900,000, and preferred revaluation expense of approximately $1.6 million. The Company is raising GAAP earnings guidance for fiscal 2012 to a loss of between $0.5 million and $1.4 million, or between a loss of $0.03 and $0.08 per share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $26 million, net income of $1.15 million, EPS of $0.04 and EBITDA of $1.77 million for third quarter of 2012; revenue of $101 million, net income of $5.4 million, EPS of $0.24 and EBITDA of $8.4 million for fiscal 2012. Full Article
Vocera Communications Inc Issues Q2, FY 2012 Guidance
Vocera Communications Inc announced that for fiscal 2012, it expects revenue of between $100-$102 million, GAAP loss per share between $(0.06)-$(0.11), non-GAAP earnings between $2.5-$3.5 million, non-GAAP earnings per share between $0.10-$0.14 and non-GAAP Adjusted EBITDA between $4-$5 million. For fiscal 2012 non-GAAP guidance excludes stock compensation expense of $3.5-$4.0 million and amortization of intangibles of approximately $0.8 million. For the second quarter of 2012, it expects revenues between $24-$25 million, GAAP loss per share between $(0.03)-$(0.05), non-GAAP earnings between $0.1-$0.5 million, non-GAAP earnings per share between $0.00-$0.02, and non-GAAP Adjusted EBITDA between $0.5 million and $1.0 million. The second quarter 2012 non-GAAP guidance excludes stock compensation expense of $0.9 million and amortization of intangibles of $0.2 million. Full Article
Vocera Communications Inc Announces Pricing of Initial Public Offering
Vocera Communications Inc announced the pricing of its initial public offering of 5,850,000 shares of its common stock at a price to the public of $16.00 per share. The shares will trade on the New York Stock Exchange under the symbol VCRA. Vocera is offering 5,000,000 shares of common stock and selling stockholders are offering 850,000 shares of common stock. In addition, the selling stockholders have granted the underwriters a 30-day option to purchase up to 877,500 additional shares of common stock at the initial public offering price to cover over-allotments, if any. Vocera will not receive any proceeds from the sale of shares by the selling stockholders. J.P. Morgan Securities LLC and Piper Jaffray & Co. are acting as joint book-running managers for the offering. Robert W. Baird & Co., William Blair & Company, Wells Fargo Securities and Leerink Swann are acting as co-managers. Full Article
Vocera Communications Inc Appoints Chief Financial Officer
Vocera Communications Inc announced that William Zerella is joining the firm as Chief Financial Officer, replacing Martin Silver, who stepped down for medical reasons. In addition, Linda Esperance has joined Vocera as the Company's first Vice President of Human Resources. Full Article
Vocera Communications results miss estimates, shares tumble 30 percent
- Vocera Communications Inc , a mobile technology provider to hospitals, reported lower-than-expected first-quarter results after it failed to close several expansion deals with U.S. hospitals.

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