|[August 24, 2013]
Law Offices of Howard G. Smith Announces Investigation on Behalf of Investors of Vocera Communications, Inc.
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that it is investigating
potential claims on behalf of purchasers of the securities of Vocera (News - Alert)
Communications, Inc. ("Vocera" or the "Company") (NYSE:VCRA) concerning
possible violations of federal securities laws. The investigation
focuses on certain statements issued by Vocera between March 28, 2012
and May 3, 2013 concerning its operations and financial prospects.
Vocera is a provider of mobile communication solutions to healthcare and
non-healthcare markets and offers software applications, hands-free
wearable voice-controlled communication badges and smartphones, in
addition to consulting, training and technical support services. On May
2, 2013 Vocera announced financial results for the first quarter of 2013
that were significantly below analysts' expectations and previously
issued guidance. The Compny also sharply reduced its previous revenue
guidance for full-year 2013 -- from a range of $120 million to $130
million, to between $100 million and $110 million -- and reduced its
guidance for non-GAAP earnings per share. Following this news, the price
of Vocera common stock plummeted more than 37% - closing at an
all-time low of $12.15 per share on May 3, 2013.
The investigation is related to allegations that the Company issued
false and/or misleading statements and/or failed to disclose: (1) the
extent of adverse impact that healthcare reform was having on the sales
of the Company's communication products to hospitals; and (2) the extent
of adverse impact that the federal budget sequestration was having on
sales of the Company's communication products to government hospitals.
If you purchased Vocera securities, if you have information or would
like to learn more about these claims, or if you have any questions
concerning this announcement or your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by
email to email@example.com,
or visit our website at www.howardsmithlaw.com.
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