Ooma (NYSE:OOMA) Issues Q2 2027 Earnings Guidance

Ooma (NYSE:OOMA) updated its second quarter 2027 earnings guidance on Tuesday. The company provided EPS guidance of 0.330-0.340 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OOMA. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research note on Monday, May 18th. Benchmark reissued a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Three 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.com, Ooma has an average rating of “Moderate Buy” and an average price target of $19.00.

Ooma Stock Up 1.1%

OOMA opened at $19.33 on Wednesday. Ooma has a fifty-two week low of $9.79 and a fifty-two week high of $19.60. The business has a 50-day moving average of $16.13 and a 200-day moving average of $13.35. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.70. The company has a market capitalization of $531.77 million, a PE ratio of 87.87 and a beta of 1.20.

Ooma (NYSE:OOMA) last posted its quarterly earnings results on Tuesday, May 26th. The technology company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. Ooma had a return on equity of 15.60% and a net margin of 2.36%.The company 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. Equities research analysts forecast that Ooma will post 0.78 EPS for the current fiscal year.

Insider Transactions at Ooma

In other Ooma news, CFO Shigeyuki Hamamatsu sold 10,790 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was 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 owned 231,128 shares of the company’s stock, valued at $3,286,640.16. This represents a 4.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 9.90% of the stock is owned by insiders.

Institutional Trading of Ooma

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Ooma by 24.1% in the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock valued at $53,000 after buying an additional 867 shares during the last quarter. Man Group plc grew its holdings in Ooma by 5.1% in the 4th quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after buying an additional 880 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Ooma by 1.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after purchasing an additional 1,137 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Ooma by 9.2% during the 4th quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after purchasing an additional 1,627 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Ooma by 5.2% during the 4th quarter. Invesco Ltd. now owns 42,896 shares of the technology company’s stock worth $503,000 after purchasing an additional 2,116 shares in the last quarter. 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.