Latest news with #OOMA
Yahoo
4 days ago
- Business
- Yahoo
Benchmark Maintains Buy Rating on Ooma, Cites AirDial as Key Growth Catalyst
On May 28, Benchmark analyst Matt Harrigan reaffirmed his stable Buy rating for Ooma Inc. (NYSE:OOMA) while maintaining a price target of $20. The analyst highlighted the company's robust product line, particularly the AirDial POTS (Plain Old Telephone Service) replacement solution, as a key factor in its continued progress. Harrigan stressed that the AirDial device meets a significant market demand, since more than 20 million POTS lines in North America urgently require an upgrade to prevent cost increases and possible safety hazards. He expects Ooma Inc. (NYSE:OOMA) to continue to experience gains in margins as a result of operational leverage, including lower costs for R&D. Harrigan added that if the current upward trends continue, there may be more potential for the stock. He noted AirDial's impressive performance as a key growth driver and proposed that the company's valuation potential could be improve by exceeding existing estimates for Adjusted EBITDA margins. While we acknowledge the potential of OOMA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OOMA and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
- Yahoo
Benchmark Maintains Buy Rating on Ooma, Cites AirDial as Key Growth Catalyst
On May 28, Benchmark analyst Matt Harrigan reaffirmed his stable Buy rating for Ooma Inc. (NYSE:OOMA) while maintaining a price target of $20. The analyst highlighted the company's robust product line, particularly the AirDial POTS (Plain Old Telephone Service) replacement solution, as a key factor in its continued progress. Harrigan stressed that the AirDial device meets a significant market demand, since more than 20 million POTS lines in North America urgently require an upgrade to prevent cost increases and possible safety hazards. He expects Ooma Inc. (NYSE:OOMA) to continue to experience gains in margins as a result of operational leverage, including lower costs for R&D. Harrigan added that if the current upward trends continue, there may be more potential for the stock. He noted AirDial's impressive performance as a key growth driver and proposed that the company's valuation potential could be improve by exceeding existing estimates for Adjusted EBITDA margins. While we acknowledge the potential of OOMA to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OOMA and that has 100x upside potential, check out our report about the cheapest AI stock. Read Next: and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Ooma (OOMA) Beats Q1 Earnings and Revenue Estimates
Ooma (OOMA) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 11.11%. A quarter ago, it was expected that this internet phone service provider would post earnings of $0.16 per share when it actually produced earnings of $0.21, delivering a surprise of 31.25%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Ooma , which belongs to the Zacks Communication - Components industry, posted revenues of $65.03 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.32%. This compares to year-ago revenues of $62.5 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Ooma shares have lost about 4.1% since the beginning of the year versus the S&P 500's gain of 0.7%. While Ooma has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Ooma: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $66.09 million in revenues for the coming quarter and $0.78 on $267.67 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Communication - Components is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Ciena (CIEN), is yet to report results for the quarter ended April 2025. The results are expected to be released on June 5. This developer of high-speed networking technology is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +85.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Ciena's revenues are expected to be $1.09 billion, up 20% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ooma, Inc. (OOMA) : Free Stock Analysis Report Ciena Corporation (CIEN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
San Francisco Chronicle
5 days ago
- Business
- San Francisco Chronicle
Ooma: Fiscal Q1 Earnings Snapshot
SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Wednesday reported a loss of $141,000 in its fiscal first quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and amortization costs, were 20 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. The internet phone service provider posted revenue of $65 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $64.8 million. For the current quarter ending in July, Ooma expects its per-share earnings to range from 20 cents to 21 cents. The company said it expects revenue in the range of $65.5 million to $66.1 million for the fiscal second quarter. _____
Yahoo
5 days ago
- Business
- Yahoo
Ooma: Fiscal Q1 Earnings Snapshot
SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Ooma Inc. (OOMA) on Wednesday reported a loss of $141,000 in its fiscal first quarter. On a per-share basis, the Sunnyvale, California-based company said it had a loss of 1 cent. Earnings, adjusted for stock option expense and amortization costs, were 20 cents per share. The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share. The internet phone service provider posted revenue of $65 million in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $64.8 million. For the current quarter ending in July, Ooma expects its per-share earnings to range from 20 cents to 21 cents. The company said it expects revenue in the range of $65.5 million to $66.1 million for the fiscal second quarter. Ooma expects full-year earnings in the range of 79 cents to 83 cents per share, with revenue ranging from $267 million to $270 million. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on OOMA at Sign in to access your portfolio
