Somewhat Positive Media Coverage Somewhat Unlikely to Impact Ooma (NYSE:OOMA) Share Price
Media headlines about Ooma (NYSE:OOMA) have trended somewhat positive on Thursday, Accern reports. The research firm ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ooma earned a news impact score of 0.21 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.2050782456425 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Ooma (NYSE OOMA) opened at 8.65 on Thursday. The company’s market capitalization is $158.06 million. Ooma has a 12 month low of $7.55 and a 12 month high of $12.30. The firm’s 50-day moving average is $8.19 and its 200-day moving average is $9.75.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, May 23rd. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $27.58 million during the quarter, compared to analysts’ expectations of $28.14 million. Ooma had a negative return on equity of 29.82% and a negative net margin of 11.51%. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. Equities analysts anticipate that Ooma will post ($0.12) EPS for the current fiscal year.
A number of brokerages have commented on OOMA. Northland Securities began coverage on shares of Ooma in a research report on Tuesday, June 27th. They set an “outperform” rating and a $10.50 price target on the stock. Credit Suisse Group cut shares of Ooma from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $16.00 to $12.00 in a research report on Wednesday, May 24th. ValuEngine cut shares of Ooma from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. William Blair cut shares of Ooma from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 24th. Finally, Bank of America Corporation cut shares of Ooma from a “buy” rating to an “underperform” rating in a research report on Wednesday, May 24th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.30.
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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.
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