Ooma (NYSE:OOMA) Updates Q1 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its first quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 0.310-0.330 for the period, compared to the consensus EPS estimate of 0.240. The company issued revenue guidance of $79.6 million-$80.4 million, compared to the consensus revenue estimate of $79.7 million. Ooma also updated its FY 2027 guidance to 1.260-1.310 EPS.

Wall Street Analysts Forecast Growth

Separately, Benchmark reaffirmed a “buy” rating on shares of Ooma in a research report on Thursday. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Ooma Trading Up 11.5%

Ooma stock opened at $14.49 on Friday. The company has a fifty day simple moving average of $11.87 and a 200-day simple moving average of $11.81. The stock has a market cap of $399.92 million, a P/E ratio of 65.87 and a beta of 1.32. Ooma has a 12-month low of $9.79 and a 12-month high of $14.83.

Ooma (NYSE:OOMA) last posted its earnings results on Monday, December 8th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate of $0.22 by $0.05. The firm had revenue of $67.63 million for the quarter, compared to analyst estimates of $67.58 million. Ooma had a return on equity of 15.79% and a net margin of 2.36%.Ooma has set its FY 2026 guidance at 1.000-1.020 EPS and its Q4 2026 guidance at 0.300-0.320 EPS. As a group, sell-side analysts forecast that Ooma will post -0.06 earnings per share for the current fiscal year.

Institutional Trading of Ooma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after buying an additional 34,960 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Ooma by 4.0% in the fourth quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after purchasing an additional 22,125 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ooma by 17.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Ooma by 5.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock worth $3,928,000 after purchasing an additional 17,184 shares during the last quarter. Finally, Millennium Management LLC grew its position in Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after buying an additional 142,220 shares during the last quarter. Institutional investors and hedge funds own 80.42% of the company’s stock.

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.