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 Office Pro that offers services, including HD video meetings, call recording, enhanced call blocking, and voicemail transcription; Ooma Connect, which delivers fixed wireless internet connectivity; Ooma Managed Wi-Fi, a plug-and-play enterprise-grade Wi-Fi solution; and Ooma Enterprise, a unified-communications-as-a-service solution. It also provides Ooma AirDial, a plain old telephone service; Ooma Telo basic that provides unlimited personal calling within the Unites States; Ooma Premier, a suite of advanced calling features on a monthly or annual subscription basis; PureVoice HD, a residential phone services; Ooma Telo, a home communications solution designed to serve as the primary phone line in the home; and Ooma Telo 4G, which combines the Ooma Telo base station with the Ooma 4G Cellular Adapter and battery back-up. In addition, the company offers Ooma Mobile HD app that allows users to make and receive phone calls and access Ooma features and settings; Ooma Telo Air, a wireless Ooma Telo with built-in Wi-Fi and Bluetooth; Ooma Smart Security, a security and monitoring platform; and Talkatone mobile app. It offers its products through direct sales, distributors, retailers, and resellers, as well as online. Ooma, Inc. was incorporated in 2003 and is headquartered in Sunnyvale, California.
Analyst Ratings Changes
OOMA has been the subject of a number of analyst reports. Northland Securities dropped their target price on shares of Ooma to $19.00 in a report on Wednesday, May 25th. Alliance Global Partners lowered their target price on shares of Ooma from $25.00 to $21.00 and set a "buy" rating for the company in a report on Wednesday, May 25th. JMP Securities lowered shares of Ooma from a "market outperform" rating to a "market perform" rating and lowered their target price for the company from $24.00 to $20.00 in a report on Wednesday, May 25th. StockNews.com raised shares of Ooma from a "buy" rating to a "strong-buy" rating in a research report on Thursday, May 12th. Finally, Benchmark cut their target price on shares of Ooma to $27.00 in a research report on Friday, May 20th. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $23.25.
Ooma Stock Up 3.5 %
OOMA Stock traded up $0.47 during mid-day trading on Monday, hitting $13.75. The company had a trading volume of 56,877 shares, compared to its average volume of 87,677. The company has a market capitalization of $334.13 million, a price-to-earnings ratio of -229.17 and a beta of 0.70. Ooma has a 12-month low of $10.82 and a 12-month high of $24.28. The company has a 50-day moving average price of $12.06 and a 200 day moving average price of $13.85.
Ooma (NYSE:OOMA - Get Rating) last announced its quarterly earnings results on Tuesday, May 24th. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. Ooma had a negative net margin of 0.83% and a negative return on equity of 0.65%. The business had revenue of $50.34 million for the quarter, compared to analysts' expectations of $49.77 million. During the same quarter in the previous year, the company earned ($0.03) EPS. As a group, analysts expect that Ooma will post -0.16 EPS for the current year.