NEW YORK, Aug. 5, 2013 LawFuel.com – Best Law Firm Newswire and Law Firm Marketing — Pomerantz Grossman Hufford Dahlstrom & Gross LLP is investigating claims on behalf of investors of Vocera Communications, Inc. (NYSE: VCRA) (“Vocera” or the “Company”) who purchased Vocera common stock between March 28, 2012 and May 3, 2013 (the “Class Period”). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 237.
The investigation concerns whether Vocera and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On May 2, 2013, after the markets closed, Vocera shocked the investing public when it announced financial results for the first quarter 2013 that were significantly worse than expected. The Company reported revenue of $22.4 million, and non-GAAP earnings per share of $0.07, far below analysts’ expectations and previously released guidance. The Company also sharply reduced its previously stated revenue guidance for full-year 2013, from between $120 million and $130 million, to between just $100 million and $110 million. Furthermore, the Company reduced its guidance for non-GAAP earnings per share from a profit of $0.33 to $0.51 to a loss of $0.06 and a profit of $0.18.
On this news announcement, shares of Vocera fell $7.23 per share or 37.30% to close at $12.15 on intraday trading May 3, 2013.
The Pomerantz Firm, with offices in New York, Chicago, San Diego and Florida, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.