Ooma (NYSE:OOMA) Issues FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.260-1.310 for the period, compared to the consensus EPS estimate of 1.010. The company issued revenue guidance of $321.0 million-$325.0 million, compared to the consensus revenue estimate of $326.5 million. Ooma also updated its Q1 2027 guidance to 0.310-0.330 EPS.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on OOMA shares. Benchmark reaffirmed a “buy” rating on shares of Ooma in a report on Tuesday, December 9th. Lake Street Capital raised their target price on shares of Ooma from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.00.

Ooma Stock Performance

Shares of NYSE:OOMA traded up $0.25 on Wednesday, reaching $13.02. The company’s stock had a trading volume of 334,389 shares, compared to its average volume of 176,306. The company has a 50-day simple moving average of $11.78 and a 200 day simple moving average of $11.79. Ooma has a 52-week low of $9.79 and a 52-week high of $14.75. The company has a market cap of $359.35 million, a P/E ratio of 186.00 and a beta of 1.32.

Ooma (NYSE:OOMA) last announced its quarterly earnings results on Wednesday, March 4th. The technology company reported $0.34 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.03. Ooma had a net margin of 0.85% and a return on equity of 10.81%. The firm had revenue of $74.58 million during the quarter, compared to the consensus estimate of $72.55 million. Ooma has set its FY 2027 guidance at 1.260-1.310 EPS and its Q1 2027 guidance at 0.310-0.330 EPS. On average, equities research analysts forecast that Ooma will post -0.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Ooma

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in shares of Ooma by 24.1% in the 4th quarter. Royal Bank of Canada now owns 4,466 shares of the technology company’s stock worth $53,000 after buying an additional 867 shares during the period. Man Group plc raised its holdings in shares of Ooma by 5.1% in the fourth quarter. Man Group plc now owns 18,073 shares of the technology company’s stock valued at $212,000 after acquiring an additional 880 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in Ooma by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 111,251 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 1,137 shares during the period. NewEdge Advisors LLC lifted its stake in Ooma by 9.2% in the fourth quarter. NewEdge Advisors LLC now owns 19,356 shares of the technology company’s stock worth $227,000 after acquiring an additional 1,627 shares during the period. Finally, Invesco Ltd. grew its holdings in 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 acquiring an additional 2,116 shares in the last quarter. Hedge funds and other institutional investors own 80.42% of the company’s stock.

Ooma Company Profile

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.