Ooma (NYSE:OOMA) Updates FY20 Earnings Guidance

Share on StockTwits

Ooma (NYSE:OOMA) issued an update on its FY20 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($0.22-0.18) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.22). The company issued revenue guidance of $148-149.5 million, compared to the consensus revenue estimate of $146.08 million.Ooma also updated its Q3 guidance to ($0.06-0.04) EPS.

Ooma stock traded down $0.03 during mid-day trading on Tuesday, reaching $12.04. The company had a trading volume of 72,041 shares, compared to its average volume of 64,471. Ooma has a fifty-two week low of $9.85 and a fifty-two week high of $17.50. The company has a current ratio of 1.30, a quick ratio of 1.06 and a debt-to-equity ratio of 0.07. The company has a market cap of $244.26 million, a P/E ratio of -17.45 and a beta of 0.88. The business has a fifty day simple moving average of $11.96 and a 200 day simple moving average of $13.02.

OOMA has been the subject of several analyst reports. Zacks Investment Research raised shares of Ooma from a sell rating to a hold rating in a research note on Wednesday, May 8th. ValuEngine raised shares of Ooma from a buy rating to a strong-buy rating in a research note on Thursday, August 1st. Finally, Northland Securities reissued a buy rating and set a $18.00 target price on shares of Ooma in a research note on Wednesday, May 22nd. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $18.88.

In other Ooma news, CFO Ravi Narula sold 5,611 shares of Ooma stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $11.46, for a total value of $64,302.06. Following the completion of the sale, the chief financial officer now directly owns 195,357 shares of the company’s stock, valued at $2,238,791.22. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James A. Gustke sold 2,267 shares of Ooma stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $11.46, for a total transaction of $25,979.82. Following the completion of the sale, the vice president now directly owns 125,478 shares of the company’s stock, valued at $1,437,977.88. The disclosure for this sale can be found here. Insiders have sold 24,628 shares of company stock valued at $284,541 in the last three months. 10.19% of the stock is owned by insiders.

About Ooma

Ooma, Inc creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company's smart cloud-based SaaS platform serves as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services. Its business and residential solutions deliver PureVoice high-definition voice quality, advanced functionality, and integration with mobile devices; and platform helps to create smart workplace and homes by offering communications, monitoring, security, automation, productivity, and networking infrastructure applications.

Recommended Story: Producer Price Index (PPI)

Earnings History and Estimates for Ooma (NYSE:OOMA)

Receive News & Ratings for Ooma Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ooma and related companies with MarketBeat.com's FREE daily email newsletter.