Brokerages Expect Ooma Inc (NYSE:OOMA) Will Post Quarterly Sales of $35.57 Million
Wall Street analysts predict that Ooma Inc (NYSE:OOMA) will announce sales of $35.57 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Ooma’s earnings. The lowest sales estimate is $35.42 million and the highest is $35.68 million. Ooma reported sales of $31.68 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The business is scheduled to issue its next 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 financial year, with estimates ranging from $144.79 million to $146.18 million. For the next fiscal year, analysts expect that the firm will report sales of $160.07 million, with estimates ranging from $156.07 million to $162.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Ooma.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 21st. The technology company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.01. Ooma had a negative net margin of 11.75% and a negative return on equity of 42.73%. The company had revenue of $34.01 million during the quarter, compared to the consensus estimate of $33.64 million.
Shares of NYSE OOMA traded up $0.34 during trading on Monday, reaching $12.20. 58,386 shares of the stock were exchanged, compared to its average volume of 72,366. The business’s 50-day moving average price is $11.34. Ooma has a twelve month low of $9.85 and a twelve month high of $17.50. The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 0.07. The company has a market cap of $245.50 million, a P/E ratio of -17.68 and a beta of 0.86.
In related news, VP James A. Gustke sold 2,267 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 value of $25,979.82. Following the sale, the vice president now directly owns 125,478 shares of the company’s stock, valued at $1,437,977.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eric B. Stang sold 12,340 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $13.84, for a total transaction of $170,785.60. Following the completion of the sale, the chief executive officer now directly owns 397,500 shares in the company, valued at $5,501,400. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,701 shares of company stock worth $417,623. Corporate insiders own 10.19% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in shares of Ooma during the first quarter worth $28,000. BNP Paribas Arbitrage SA raised its holdings in shares of Ooma by 99,100.0% during the first quarter. BNP Paribas Arbitrage SA now owns 3,968 shares of the technology company’s stock worth $53,000 after purchasing an additional 3,964 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in shares of Ooma by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 6,351 shares of the technology company’s stock worth $88,000 after purchasing an additional 4,960 shares during the period. Barclays PLC raised its holdings in shares of Ooma by 121.1% during the fourth quarter. Barclays PLC now owns 15,580 shares of the technology company’s stock worth $216,000 after purchasing an additional 8,535 shares during the period. Finally, Stone Ridge Asset Management LLC raised its holdings in shares of Ooma by 44.6% during the fourth quarter. Stone Ridge Asset Management LLC now owns 16,720 shares of the technology company’s stock worth $232,000 after purchasing an additional 5,154 shares during the period. 75.66% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: What is a stock split?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.