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%

Shares of OOMA stock opened at $19.33 on Wednesday. The firm has a 50-day moving average price of $16.13 and a 200 day moving average price of $13.35. Ooma has a twelve month low of $9.79 and a twelve month high of $19.60. The company has a market capitalization of $531.77 million, a price-to-earnings ratio of 87.87 and a beta of 1.20. The company has a current ratio of 0.93, a quick ratio of 0.70 and a debt-to-equity ratio of 0.55.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on OOMA shares. B. Riley Financial reaffirmed a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Benchmark reaffirmed a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Ooma currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.00.

Insider Activity at Ooma

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $14.22, for a total transaction of $153,433.80. Following the completion of the transaction, the chief financial officer owned 231,128 shares of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 9.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bridgeway Capital Management LLC purchased a new stake in shares of Ooma during the 4th quarter worth about $552,000. Engineers Gate Manager LP grew its holdings in shares of Ooma by 10.5% during the 2nd quarter. Engineers Gate Manager LP now owns 39,618 shares of the technology company’s stock worth $511,000 after purchasing an additional 3,772 shares during the period. AQR Capital Management LLC purchased a new stake in shares of Ooma during the 1st quarter worth about $478,000. Integrated Quantitative Investments LLC grew its holdings in shares of Ooma by 75.5% during the 4th quarter. Integrated Quantitative Investments LLC now owns 37,294 shares of the technology company’s stock worth $437,000 after purchasing an additional 16,039 shares during the period. Finally, Amundi purchased a new stake in shares of Ooma during the 1st quarter worth about $387,000. 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.