This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Vocera Communications, Inc. Sued By Investor

SAN DIEGO and SAN JOSE, Calif., Aug. 8, 2013 /PRNewswire/ --  Shareholder rights attorneys at Robbins Arroyo LLP announce that a shareholder of Vocera Communications, Inc. (NYSE: VCRA) ("Vocera") has filed a complaint in the U.S. District Court for the Northern District of California on behalf of purchasers of Vocera securities between March 28, 2012 and May 3, 2013 (the "Class Period"), and/or Vocera common stock pursuant and/or traceable to the registration statement issued in connection with the company's initial public offering on March 28, 2012.  The complaint alleges that the company and certain of its officers and directors violated the Securities Exchange Act of 1934 and the Securities Act of 1933.


Vocera Accused of Making False and Misleading Statements

According to the complaint, Vocera made false and/or misleading statements and/or material omissions regarding the company's financial condition.  Specifically, the complaint alleges that the company and certain officers and directors failed to disclose that: (i) the extent of the negative impact that healthcare reform in the United States was having on sales of the company's communications products to hospitals; and (ii) the extent of the negative impact that the U.S. federal budget sequestration was having on the sales of the company's communications products to government hospitals.  As a result of these false and misleading statements and omissions, Vocera shares traded at artificially inflated prices during the Class Period.

Vocera Stock Price Drops on Poor Results and Reduced Guidance

According to the complaint, on May 2, 2013, Vocera announced financial results for the first quarter 2013 that were substantially below analyst expectations and previously released guidance.  Specifically, Vocera reported revenue of $22.4 million and non-GAAP net loss of $0.07 per share, as compared to the expected $24.3 million in revenue and $0.02 per share adjusted loss.  Further, the company reduced its full year 2013 revenue guidance from a range of $120 million to $130 million, to $100 million to $120 million and its guidance for non-GAAP earnings per share was reduced from a profit of $0.33 to $0.51 to a loss of $0.06 and a profit of $0.18.  On this news, Vocera's stock price dropped nearly 38%, or $7.23 per share, to close on May 3, 2013, at $12.15 per share.  

If you invested in Vocera and would like to discuss your shareholder rights, please contact attorney Darnell R. Donahue at (800) 350-6003,, or via the shareholder information form on the firm's website

Robbins Arroyo LLP is a nationally recognized leader in securities litigation and shareholder rights law.  The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits, and has helped its clients realize more than $1 billion of value for themselves and the companies in which they have invested.  For more information, please go to

Press release link:

Attorney Advertising. Past results do not guarantee a similar outcome.  

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.64%
FB $117.43 -0.96%
GOOG $692.36 -0.84%
TSLA $232.32 -3.92%
YHOO $36.01 -1.42%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs