Ooma (OOMA) Scheduled to Post Quarterly Earnings on Tuesday

Ooma (NYSE:OOMA) will release its earnings data after the market closes on Tuesday, May 28th. Analysts expect Ooma to post earnings of $0.11 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Tuesday, March 5th. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. Ooma had a positive return on equity of 0.35% and a negative net margin of 0.35%. The firm had revenue of $61.68 million for the quarter, compared to analyst estimates of $61.46 million. On average, analysts expect Ooma to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ooma Stock Performance

Shares of OOMA stock opened at $7.61 on Friday. The business’s 50-day moving average price is $7.67 and its 200-day moving average price is $9.56. Ooma has a 12 month low of $6.50 and a 12 month high of $15.66. The firm has a market capitalization of $201.06 million, a price-to-earnings ratio of -253.67 and a beta of 0.85. The company has a current ratio of 1.24, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20.

Analyst Ratings Changes

A number of brokerages have recently commented on OOMA. Benchmark cut their price target on Ooma from $18.00 to $15.00 and set a “buy” rating on the stock in a research note on Wednesday, March 13th. Alliance Global Partners cut their price objective on Ooma from $16.00 to $14.50 and set a “buy” rating on the stock in a research note on Wednesday, March 6th. TheStreet lowered Ooma from a “c” rating to a “d+” rating in a research note on Tuesday, March 5th. Finally, B. Riley reaffirmed a “buy” rating and issued a $14.50 price objective (down from $19.00) on shares of Ooma in a research note on Wednesday, March 6th. Four investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $14.67.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.