Ooma (NYSE:OOMA) Updates Q2 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its second quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.330-0.340 for the period, compared to the consensus earnings per share estimate of 0.290. The company issued revenue guidance of $81.6 million-$82.3 million, compared to the consensus revenue estimate of $80.2 million. Ooma also updated its FY 2027 guidance to 1.290-1.340 EPS.

Ooma Stock Up 1.1%

Shares of OOMA stock traded up $0.21 during trading hours on Tuesday, hitting $19.33. 373,740 shares of the company were exchanged, compared to its average volume of 237,405. The stock has a market capitalization of $531.77 million, a price-to-earnings ratio of 87.87 and a beta of 1.20. Ooma has a one year low of $9.79 and a one year high of $19.60. The business’s 50-day simple moving average is $16.02 and its two-hundred day simple moving average is $13.29. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.70 and a current ratio of 0.93.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on OOMA shares. B. Riley Financial restated a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Benchmark restated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Insiders Place Their Bets

In related news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief financial officer directly owned 231,128 shares in the company, valued at approximately $3,286,640.16. This trade represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 9.90% of the company’s stock.

Hedge Funds Weigh In On Ooma

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in 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 purchasing an additional 34,960 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Ooma by 4.0% during 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 boosted its stake in shares of Ooma by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after buying an additional 76,088 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 valued at $3,928,000 after buying an additional 17,184 shares during the period. Finally, Millennium Management LLC boosted its stake in shares of Ooma by 81.6% during 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 period. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

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.