Ooma, Inc. (OOMA) Issues FY18 Earnings Guidance
Ooma, Inc. (NYSE:OOMA) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of ($0.12)-(0.08) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.12). The company issued revenue guidance of $113-114 million, compared to the consensus revenue estimate of $113.77 million.Ooma also updated its Q3 guidance to ($0.04)-(0.02) EPS.
Ooma, Inc. (NYSE:OOMA) opened at 8.85 on Friday. The stock’s 50 day moving average is $8.15 and its 200-day moving average is $9.52. Ooma, Inc. has a 52-week low of $7.30 and a 52-week high of $12.30. The firm’s market capitalization is $161.72 million.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Thursday, August 24th. The technology company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by $0.16. Ooma had a negative net margin of 11.48% and a negative return on equity of 30.81%. The firm had revenue of $28.20 million during the quarter, compared to analyst estimates of $27.72 million. During the same period in the prior year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Ooma, Inc. will post ($0.12) earnings per share for the current year.
OOMA has been the topic of a number of research reports. Northland Securities initiated coverage on Ooma in a report on Tuesday, June 27th. They issued an outperform rating and a $10.50 price objective on the stock. Credit Suisse Group lowered Ooma from an outperform rating to a neutral rating and decreased their price objective for the company from $16.00 to $12.00 in a report on Wednesday, May 24th. ValuEngine lowered Ooma from a hold rating to a sell rating in a report on Thursday, May 25th. William Blair lowered Ooma from an outperform rating to a market perform rating in a report on Wednesday, May 24th. Finally, Bank of America Corporation downgraded Ooma from a buy rating to an underperform rating in a research report on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $12.40.
An institutional investor recently bought a new position in Ooma stock. California State Teachers Retirement System bought a new position in shares of Ooma, Inc. (NYSE:OOMA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 30,000 shares of the technology company’s stock, valued at approximately $240,000. California State Teachers Retirement System owned 0.16% of Ooma at the end of the most recent quarter. Institutional investors own 70.13% of the company’s stock.
Ooma Company Profile
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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