Ooma (NYSE:OOMA) Issues Q3 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.15-0.16 for the period, compared to the consensus estimate of $0.15. The company issued revenue guidance of $64.2-64.6 million, compared to the consensus revenue estimate of $63.08 million. Ooma also updated its FY 2025 guidance to 0.570-0.590 EPS.

Wall Street Analyst Weigh In

Separately, Lake Street Capital initiated coverage on Ooma in a research note on Monday, June 17th. They issued a buy rating and a $14.00 price target for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $14.50.

Ooma Stock Down 2.9 %

Shares of OOMA stock opened at $8.78 on Wednesday. The stock has a market cap of $231.79 million, a P/E ratio of -87.80 and a beta of 0.93. The company’s fifty day simple moving average is $9.23 and its two-hundred day simple moving average is $8.69. The company has a quick ratio of 0.81, a current ratio of 1.16 and a debt-to-equity ratio of 0.14. Ooma has a 52 week low of $6.50 and a 52 week high of $14.61.

Ooma (NYSE:OOMA) last posted its earnings results on Tuesday, May 28th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). Ooma had a negative return on equity of 1.41% and a negative net margin of 1.09%. The firm had revenue of $62.50 million during the quarter, compared to analysts’ expectations of $61.85 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Analysts predict that Ooma will post -0.11 EPS for the current fiscal year.

Ooma Company Profile

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.