Ooma (OOMA) Given Coverage Optimism Rating of 0.11
Media coverage about Ooma (NYSE:OOMA) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ooma earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 48.0177996192101 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of OOMA traded down $0.05 during mid-day trading on Monday, reaching $16.00. 2,373 shares of the company were exchanged, compared to its average volume of 73,601. Ooma has a 52 week low of $9.00 and a 52 week high of $16.95. The company has a market capitalization of $314.58 million, a price-to-earnings ratio of -23.12 and a beta of 0.89.
Ooma (NYSE:OOMA) last issued its quarterly earnings data on Tuesday, August 28th. The technology company reported ($0.05) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.01. Ooma had a negative return on equity of 35.06% and a negative net margin of 11.35%. The company had revenue of $31.68 million during the quarter, compared to the consensus estimate of $30.88 million. During the same period last year, the company earned ($0.02) earnings per share. The firm’s revenue was up 12.4% compared to the same quarter last year. research analysts predict that Ooma will post -0.75 EPS for the current fiscal year.
In other news, VP Spencer D. Jackson sold 5,000 shares of the firm’s stock in a transaction dated Friday, June 29th. The stock was sold at an average price of $13.75, for a total transaction of $68,750.00. Following the completion of the transaction, the vice president now directly owns 103,298 shares in the company, valued at $1,420,347.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Eric B. Stang sold 12,252 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $15.91, for a total value of $194,929.32. Following the transaction, the chief executive officer now owns 372,500 shares of the company’s stock, valued at $5,926,475. The disclosure for this sale can be found here. Insiders have sold 35,342 shares of company stock valued at $519,825 over the last 90 days. 10.47% of the stock is owned by corporate insiders.
Ooma, Inc provides communications solutions and other connected services to small business, home, and mobile users in the United States and Canadian markets. The company's Ooma Office, a multi-user communications system comprise an on-premise appliance and Ooma Linx end-point device that wirelessly connects regular desktop telephones and fax machines to the user's high-speed Internet connection; and Ooma Office Mobile HD app, which allows users to make, receive, and transfer phone calls.
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