Analysts expect Ooma Inc (NYSE:OOMA) to report sales of $35.57 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Ooma’s earnings, with estimates ranging from $35.42 million to $35.68 million. Ooma reported sales of $31.68 million in the same quarter last year, which indicates a positive year over year growth rate of 12.3%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 27th.
According to Zacks, analysts expect that Ooma will report full year sales of $145.65 million for the current fiscal year, with estimates ranging from $144.79 million to $146.18 million. For the next financial year, analysts anticipate that the business will post sales of $160.07 million, with estimates ranging from $156.07 million to $162.50 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Ooma.
Ooma (NYSE:OOMA) last announced its quarterly earnings data on Tuesday, May 21st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.01. The firm had revenue of $34.01 million during the quarter, compared to analysts’ expectations of $33.64 million. Ooma had a negative net margin of 11.75% and a negative return on equity of 42.73%.
Shares of NYSE OOMA opened at $10.48 on Friday. The stock has a fifty day moving average price of $12.20. 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 stock has a market capitalization of $212.38 million, a PE ratio of -15.19 and a beta of 1.02. Ooma has a 1 year low of $9.85 and a 1 year high of $17.50.
In related news, CEO Eric B. Stang sold 12,483 shares of the company’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $11.46, for a total transaction of $143,055.18. Following the completion of the transaction, the chief executive officer now owns 362,500 shares in the company, valued at $4,154,250. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Eric B. Stang sold 12,340 shares of the company’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $13.84, for a total transaction of $170,785.60. Following the transaction, the chief executive officer now owns 397,500 shares of the company’s stock, valued at approximately $5,501,400. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,701 shares of company stock valued at $417,623. 10.19% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the stock. Marshall Wace North America L.P. acquired a new stake in Ooma during the 1st quarter worth $28,000. Spark Investment Management LLC boosted its stake in Ooma by 43.5% during the 1st quarter. Spark Investment Management LLC now owns 53,795 shares of the technology company’s stock worth $712,000 after purchasing an additional 16,295 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Ooma by 4.5% during the 1st quarter. Rhumbline Advisers now owns 24,468 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,054 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Ooma by 99,100.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 3,968 shares of the technology company’s stock valued at $53,000 after acquiring an additional 3,964 shares during the last quarter. Finally, Foundry Partners LLC boosted its position in shares of Ooma by 7.2% during the 1st quarter. Foundry Partners LLC now owns 99,451 shares of the technology company’s stock valued at $1,317,000 after acquiring an additional 6,675 shares during the last quarter. Hedge funds and other institutional investors own 75.69% of the company’s stock.
Ooma Company Profile
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.
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