Ooma (NYSE:OOMA) Updates FY 2027 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY 2027 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 1.290-1.340 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of $326.0 million-$328.5 million, compared to the consensus revenue estimate of $322.8 million. Ooma also updated its Q2 2027 guidance to 0.330-0.340 EPS.

Ooma Price Performance

Shares of NYSE OOMA opened at $17.43 on Thursday. The firm has a 50-day simple moving average of $16.20 and a 200-day simple moving average of $13.38. The stock has a market capitalization of $479.39 million, a price-to-earnings ratio of 54.46 and a beta of 1.20. The company has a quick ratio of 0.70, a current ratio of 0.93 and a debt-to-equity ratio of 0.55. Ooma has a 52 week low of $9.79 and a 52 week high of $21.96.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 26th. The technology company reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $81.15 million during the quarter, compared to analysts’ expectations of $79.84 million. Ooma had a net margin of 3.17% and a return on equity of 20.52%. Ooma has set its FY 2027 guidance at 1.290-1.340 EPS and its Q2 2027 guidance at 0.330-0.340 EPS. On average, equities analysts predict that Ooma will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

OOMA has been the topic of a number of analyst reports. Alliance Global Partners reaffirmed a “buy” rating on shares of Ooma in a research note on Wednesday. UBS Group set a $24.00 price objective on shares of Ooma in a research note on Wednesday. Citigroup reissued a “market perform” rating on shares of Ooma in a research note on Wednesday. Lake Street Capital lifted their price target on shares of Ooma from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Benchmark reiterated a “buy” rating on shares of Ooma in a research note on Thursday, March 5th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.33.

Insider Activity at Ooma

In other news, CFO Shigeyuki Hamamatsu sold 10,790 shares of Ooma stock in a transaction on Friday, March 6th. The shares were sold at an average price of $14.22, for a total value of $153,433.80. Following the transaction, the chief financial officer directly owned 231,128 shares of the company’s stock, valued at $3,286,640.16. The trade was a 4.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.90% of the stock is owned by insiders.

More Ooma News

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Ooma reported fiscal Q1 2027 EPS of $0.35, topping the $0.32 consensus, while revenue of $81.1 million also exceeded estimates. Ooma Reports Fiscal First Quarter 2027 Financial Results
• Positive Sentiment: The company raised its Q2 2027 guidance to EPS of $0.33-$0.34 and revenue of $81.6 million-$82.3 million, both above Wall Street expectations.
• Positive Sentiment: Ooma also increased full-year FY 2027 guidance to EPS of $1.29-$1.34 and revenue of $326.0 million-$328.5 million, signaling management confidence in continued growth.
• Neutral Sentiment: Investor attention is also focused on the earnings call transcript and presentation, which may provide more detail on growth drivers, margins, and demand trends. Ooma, Inc. 2027 Q1 – Results – Earnings Call Presentation
• Neutral Sentiment: Recent coverage from Zacks highlighted the earnings beat and the company’s key metrics versus estimates, reinforcing the overall positive operating results. Ooma (OOMA) Q1 Earnings and Revenues Surpass Estimates

Institutional Investors Weigh In On Ooma

Several institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Ooma by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 1,501,963 shares of the technology company’s stock worth $18,009,000 after purchasing an additional 34,960 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Ooma by 4.0% in the 4th quarter. JPMorgan Chase & Co. now owns 576,041 shares of the technology company’s stock valued at $6,757,000 after purchasing an additional 22,125 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Ooma by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 513,820 shares of the technology company’s stock valued at $6,161,000 after purchasing an additional 76,088 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Ooma by 5.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 334,910 shares of the technology company’s stock valued at $3,928,000 after purchasing an additional 17,184 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Ooma by 81.6% in the 1st quarter. Millennium Management LLC now owns 316,564 shares of the technology company’s stock valued at $4,144,000 after purchasing an additional 142,220 shares in the last quarter. 80.42% of the stock is currently owned by hedge funds and other institutional investors.

About Ooma

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.