Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Vocera Communications (NYSE: VCRA ) have gotten slaughtered by 38% today after the company reported earnings.
So what: Revenue in the first quarter came in at $22.4 million, which translated into a non-GAAP net loss of $0.07 per share. Both figures were significantly worse than the $24.3 million in revenue and $0.02 per share adjusted loss that the Street was expecting. CEO Bob Zollars conceded that management was disappointed with the results.
Now what: Zollars attributed the weakness to increased financial scrutiny at hospital customers and inconsistent sales execution. The company is restructuring its sales leadership to address the latter. Guidance also rattled investors. Full-year revenue outlook has been lowered to $100 million to $110 million, with non-GAAP earnings per share expected in the range of a $0.05-per-share loss to a $0.18-per-share profit. Analysts were modeling for $122.4 million in revenue and an adjusted profit of $0.42 per share.
Interested in more info on Vocera Communications? Add it to your watchlist by clicking here.
The amount of data we store every year is growing by a mind-boggling 60% annually! To make sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need to Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. To get instant access to the name of this company transforming the IT industry, click here -- it's free.