Ooma (OOMA) to Release Quarterly Earnings on Tuesday

Ooma (NYSE:OOMA) is scheduled to announce its earnings results after the market closes on Tuesday, May 28th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, March 5th. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $61.68 million during the quarter, compared to analyst estimates of $61.46 million. Ooma had a positive return on equity of 0.35% and a negative net margin of 0.35%. On average, analysts expect Ooma to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ooma Stock Performance

NYSE OOMA opened at $7.61 on Monday. The firm has a market cap of $201.06 million, a price-to-earnings ratio of -253.67 and a beta of 0.85. The company has a quick ratio of 0.85, a current ratio of 1.24 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $7.67 and a 200-day moving average price of $9.55. Ooma has a twelve month low of $6.50 and a twelve month high of $15.66.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on OOMA shares. B. Riley reaffirmed a “buy” rating and issued a $14.50 price objective (down previously from $19.00) on shares of Ooma in a research note on Wednesday, March 6th. Benchmark dropped their price objective on Ooma from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Wednesday, March 13th. Alliance Global Partners dropped their price target on Ooma from $16.00 to $14.50 and set a “buy” rating for the company in a research note on Wednesday, March 6th. Finally, TheStreet lowered Ooma from a “c” rating to a “d+” rating in a research note on Tuesday, March 5th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $14.67.

About Ooma

Ooma, Inc provides communications services and related technologies for businesses and consumers in the United States and Canada. The company's products and services include Ooma Office, a cloud-based multi-user communications system for small and medium-sized businesses; Ooma Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.