Ooma (NYSE:OOMA) Issues FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided EPS guidance of 1.290-1.340 for the period, compared to the consensus EPS estimate of 1.190. The company issued revenue guidance of $326.0 million-$328.5 million, compared to the consensus revenue estimate of $322.8 million. Ooma also updated its Q2 2027 guidance to 0.330-0.340 EPS.

Ooma Trading Up 1.1%

OOMA stock traded up $0.21 during midday trading on Tuesday, hitting $19.33. 373,740 shares of the company’s stock were exchanged, compared to its average volume of 237,405. The business has a 50-day simple moving average of $16.02 and a two-hundred day simple moving average of $13.29. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $531.77 million, a PE ratio of 87.87 and a beta of 1.20. Ooma has a 1-year low of $9.79 and a 1-year high of $19.60.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a return on equity of 15.60% and a net margin of 2.36%.Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, sell-side analysts predict that Ooma will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on OOMA shares. B. Riley Financial restated a “buy” rating on shares of Ooma in a research report on Monday, May 18th. Benchmark restated a “buy” rating on shares of Ooma in a research report on Thursday, March 5th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $19.00.

Insider Transactions at Ooma

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The stock was sold at an average price of $14.22, for a total value of $153,433.80. Following the completion of the transaction, the chief financial officer directly owned 231,128 shares in the company, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

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

About Ooma

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.