Ooma (NYSE:OOMA) Issues FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its FY 2027 earnings guidance on Wednesday. The company provided EPS guidance of 1.260-1.310 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $321.0 million-$325.0 million, compared to the consensus revenue estimate of $326.5 million. Ooma also updated its Q1 2027 guidance to 0.310-0.330 EPS.

Ooma Price Performance

Shares of OOMA traded up $0.25 during mid-day trading on Wednesday, reaching $13.02. The company had a trading volume of 335,838 shares, compared to its average volume of 176,491. The company has a market capitalization of $359.35 million, a P/E ratio of 186.00 and a beta of 1.32. Ooma has a twelve month low of $9.79 and a twelve month high of $14.75. The company’s 50-day moving average is $11.78 and its 200-day moving average is $11.79.

Ooma (NYSE:OOMA) last released its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $74.58 million for the quarter, compared to analysts’ expectations of $72.55 million. Ooma had a net margin of 0.85% and a return on equity of 10.81%. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. As a group, equities analysts expect that Ooma will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OOMA. Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Tuesday, December 9th. Lake Street Capital lifted their target price on shares of Ooma from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Ooma presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Institutional Investors Weigh In On Ooma

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Invesco Ltd. increased its position in Ooma by 5.2% during the 4th quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 2,116 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Ooma by 20.1% during the fourth quarter. Mackenzie Financial Corp now owns 169,937 shares of the technology company’s stock valued at $1,969,000 after purchasing an additional 28,396 shares during the period. NewEdge Advisors LLC lifted its position in Ooma by 9.2% in the fourth quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after purchasing an additional 1,627 shares during the period. Man Group plc grew its stake in shares of Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock worth $212,000 after purchasing an additional 880 shares during the last quarter. Finally, Bridgeway Capital Management LLC acquired a new position in shares of Ooma in the fourth quarter worth about $552,000. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Company Profile

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.