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Fly News Breaks for February 7, 2020
VCRA
Feb 7, 2020 | 05:24 EDT
Vocera Communications last night reported mostly in-line Q4 results and guided 2020 in-line with consensus, Piper Sandler analyst Sean Wieland tells investors in a research note. However, the company has better visibility on the midpoint of the guidance than it has ever had, and if backlog-to-revenue conversion remains consistent, upside remains, says the analyst. He views Vocera's guidance as conservative and reiterates an Overweight rating on the shares with a $28 price target.
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