Ooma, Inc. (NYSE:OOMA) updated its FY18 earnings guidance on Tuesday. The company provided EPS guidance of $(0.13)-(0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.11). The company issued revenue guidance of $113-116 million, compared to the consensus revenue estimate of $122.52 million.Ooma also updated its Q2 guidance to $(0.05)-(0.03) EPS.

Several equities research analysts recently commented on the company. B. Riley reaffirmed a buy rating and set a $15.50 target price on shares of Ooma in a research note on Thursday, May 18th. ValuEngine cut Ooma from a hold rating to a sell rating in a research note on Thursday, May 25th. William Blair cut Ooma from an outperform rating to a market perform rating in a research note on Wednesday, May 24th. Credit Suisse Group cut Ooma from an outperform rating to a neutral rating and reduced their price objective for the company from $16.00 to $12.00 in a research note on Wednesday, May 24th. Finally, Bank of America Corporation cut Ooma from a buy rating to an underperform rating in a research note on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $12.75.

Ooma, Inc. (NYSE:OOMA) remained flat at $8.15 on Friday. 376,145 shares of the company traded hands. Ooma, Inc. has a 1-year low of $7.67 and a 1-year high of $12.30. The firm has a 50-day moving average of $10.15 and a 200 day moving average of $9.90. The firm’s market capitalization is $148.92 million.

Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 23rd. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The company had revenue of $27.58 million during the quarter, compared to the consensus estimate of $28.14 million. Ooma had a negative net margin of 11.51% and a negative return on equity of 29.82%. Ooma’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.08) earnings per share. Equities research analysts anticipate that Ooma, Inc. will post ($0.11) earnings per share for the current fiscal year.

In other news, major shareholder Equity I. L.L.C. Worldview sold 144,027 shares of the business’s stock in a transaction on Friday, March 24th. The shares were sold at an average price of $9.77, for a total transaction of $1,407,143.79. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP James A. Gustke sold 6,000 shares of the business’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of $9.78, for a total transaction of $58,680.00. The disclosure for this sale can be found here. Insiders own 48.19% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Ooma, Inc. (OOMA) Issues FY18 Earnings Guidance” was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://www.thecerbatgem.com/2017/06/16/ooma-inc-ooma-updates-fy18-earnings-guidance-updated-updated.html.

Several large investors have recently made changes to their positions in OOMA. Vanguard Group Inc. raised its stake in shares of Ooma by 70.7% in the first quarter. Vanguard Group Inc. now owns 456,834 shares of the technology company’s stock worth $4,546,000 after buying an additional 189,140 shares during the period. Credit Suisse AG raised its stake in shares of Ooma by 4.7% in the first quarter. Credit Suisse AG now owns 120,696 shares of the technology company’s stock worth $1,201,000 after buying an additional 5,445 shares during the period. Morgan Stanley raised its stake in shares of Ooma by 345.8% in the first quarter. Morgan Stanley now owns 108,751 shares of the technology company’s stock worth $1,082,000 after buying an additional 84,354 shares during the period. Geode Capital Management LLC raised its stake in shares of Ooma by 118.5% in the first quarter. Geode Capital Management LLC now owns 105,441 shares of the technology company’s stock worth $1,049,000 after buying an additional 57,184 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in shares of Ooma by 58.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,966 shares of the technology company’s stock worth $348,000 after buying an additional 12,923 shares during the period. 74.66% of the stock is currently owned by hedge funds and other institutional investors.

About Ooma

Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.

Receive News & Stock Ratings for Ooma Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma Inc. and related stocks with our FREE daily email newsletter.