Ooma (NYSE:OOMA) Updates FY25 Earnings Guidance

Ooma (NYSE:OOMA) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.57-0.59 for the period, compared to the consensus earnings per share estimate of $0.57. The company issued revenue guidance of $254.0-255.5 million, compared to the consensus revenue estimate of $251.97 million. Ooma also updated its FY 2025 guidance to 0.570-0.590 EPS.

Analysts Set New Price Targets

Several research firms recently weighed in on OOMA. Lake Street Capital began coverage on shares of Ooma in a research report on Monday, June 17th. They set a buy rating and a $14.00 price target for the company. JMP Securities restated a market perform rating on shares of Ooma in a research report on Wednesday. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and an average price target of $14.50.

Ooma Price Performance

OOMA opened at $10.22 on Friday. The firm has a market cap of $269.81 million, a P/E ratio of -102.20 and a beta of 0.93. The firm has a 50-day moving average of $9.31 and a 200 day moving average of $8.72. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.81 and a current ratio of 1.16. Ooma has a fifty-two week low of $6.50 and a fifty-two week high of $14.61.

Ooma (NYSE:OOMA) last issued its earnings results on Tuesday, May 28th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). The business had revenue of $62.50 million for the quarter, compared to the consensus estimate of $61.85 million. Ooma had a negative return on equity of 1.41% and a negative net margin of 1.09%. During the same quarter in the prior year, the business earned $0.02 EPS. On average, research analysts expect that Ooma will post -0.11 EPS for the current year.

Ooma Company Profile

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 Connect, which delivers fixed wireless internet connectivity; and Ooma Enterprise, a unified-communications-as-a-service (UCaaS) solution.