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.

TRADEMARK VIOLATION 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 reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/26/ooma-inc-ooma-issues-fy18-earnings-guidance.html.

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.

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.