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Fly News Breaks for June 8, 2018
VCRA
Jun 8, 2018 | 06:59 EDT
Oppenheimer analyst Mohan Naidu reiterated an Outperform rating and $36 price target on Vocera following management meetings which highlighted the company's growth opportunities and margin expansion. Naidu tells investors in a research note that Vocera's management expressed confidence in mid-teens growth and its unique product platform. Additionally, the analyst contends that the favorable convertible market offered an opportunity to raise capital with no near-term dilution and gives Vocera more flexibility in pursuing inorganic growth.
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