Ooma (NYSE:OOMA) Releases Q1 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its first quarter 2027 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.310-0.330 for the period, compared to the consensus earnings per share 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

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

Ooma Trading Up 2.0%

OOMA stock traded up $0.25 during mid-day trading on Wednesday, hitting $13.02. The stock had a trading volume of 335,838 shares, compared to its average volume of 176,491. The stock has a market capitalization of $359.35 million, a price-to-earnings ratio of 186.00 and a beta of 1.32. Ooma has a 1-year low of $9.79 and a 1-year high of $14.75. The company has a fifty day moving average of $11.78 and a 200 day moving average of $11.79.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.31 by $0.03. The business had revenue of $74.58 million during the quarter, compared to analysts’ expectations 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, sell-side analysts expect that Ooma will post -0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ooma

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in shares of Ooma by 2.4% in the third quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock valued at $18,009,000 after buying an additional 34,960 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ooma by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after buying an additional 22,125 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Ooma by 17.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock worth $6,161,000 after purchasing an additional 76,088 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Ooma by 5.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock worth $3,928,000 after buying an additional 17,184 shares during the period. Finally, Millennium Management LLC lifted its holdings in Ooma by 81.6% in the first 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 period. Institutional investors and hedge funds own 80.42% of the company’s stock.

Ooma Company Profile

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.