Boston, MA 05/06/2013 (wallstreetpr) – Vocera Communications Inc. (NYSE:VCRA) has recorded 38 percent decrease in the share price after the company announced its earnings reports for the first quarter of 2013. The revenue for the first quarter was reported to be $22.4 million which was further converted to Non GAAP adjusted net loss of $0.07 per share. The revenue and the loss per share were worse than those expected by the Wall Street expert analysts who fixed the figures at $24.3 million and $0.02 per share.
Inconsistent and improper execution of sales coupled with increased level of financial scrutiny to the customers was observed to be the reasons for the downfall of Vocera Communications Inc. (NYSE:VCRA). This had further led to the lowering of estimates for full year revenue to $100 million from $110 million. The stock appears to be a candidate for moderate buy decisions of the investor with promises from the CEO of the company on restructuring of sales leadership.
Zagg Inc. (NASDAQ:ZAGG) reported has lost 36.16 percent on its share prices due to the inability of the firm to beat the expert estimates of revenue expectations. The company reported adjusted earnings per share of $0.11, a decline from $0.16 of the earlier year quarter and revenue of $51.5 million. The decline in the revenues was attributed to the challenging circumstances faced by the business at the macro and company specific levels.
However necessary steps taken by Zagg Inc. (NASDAQ:ZAGG) such as unique and creative products, go-to-market strategies and effective diversification of the overall portfolio make the recovery of the company in the near future possible. Despite the decline in revenue and earnings per share for this quarter, analysts have a more positive outlook for the stock in the next quarter. Moderate buy is advised keeping in mind the changes to be brought out by the management.