Ooma (NYSE:OOMA) Releases FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its FY 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.260-1.310 for the period, compared to the consensus earnings per share 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 Stock Performance

NYSE:OOMA traded up $0.25 during trading hours on Wednesday, reaching $13.02. The company’s stock had a trading volume of 334,389 shares, compared to its average volume of 176,306. The stock has a 50 day moving average price of $11.78 and a two-hundred day moving average price of $11.79. 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 12 month low of $9.79 and a 12 month high of $14.75.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. The business had revenue of $74.58 million for the quarter, compared to the consensus estimate of $72.55 million. Ooma had a return on equity of 10.81% and a net margin of 0.85%.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, analysts predict that Ooma will post -0.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on OOMA. Benchmark restated a “buy” rating on shares of Ooma in a research note on Tuesday, December 9th. Lake Street Capital increased their price objective on Ooma from $17.00 to $18.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.00.

Institutional Trading of Ooma

Several large investors have recently added to or reduced their stakes in the company. Creative Planning purchased a new stake in shares of Ooma in the third quarter valued at approximately $196,000. XTX Topco Ltd acquired a new stake in shares of Ooma in the second quarter valued at about $195,000. Mangrove Partners IM LLC purchased a new stake in shares of Ooma during the fourth quarter worth about $172,000. Algert Global LLC acquired a new position in shares of Ooma during the 3rd quarter worth about $171,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ooma during the 2nd quarter worth about $132,000. Hedge funds and other institutional investors 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.