Ooma (OOMA) Earning Somewhat Favorable Media Coverage, Study Shows
News coverage about Ooma (NYSE:OOMA) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ooma earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 46.0005248238976 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Several equities analysts have commented on the stock. ValuEngine downgraded shares of Ooma from a “hold” rating to a “sell” rating in a research note on Thursday, May 25th. William Blair downgraded shares of Ooma from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 24th. B. Riley restated a “buy” rating and issued a $15.50 price target on shares of Ooma in a research note on Tuesday, May 23rd. Bank of America Corporation downgraded shares of Ooma from a “buy” rating to an “underperform” rating in a research note on Wednesday, May 24th. Finally, Credit Suisse Group downgraded shares of Ooma from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $16.00 to $12.00 in a research note on Wednesday, May 24th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Ooma has an average rating of “Hold” and a consensus target price of $12.40.
Ooma (OOMA) traded up 2.695% during midday trading on Tuesday, hitting $8.575. 43,573 shares of the stock traded hands. The company’s 50-day moving average is $8.23 and its 200-day moving average is $9.70. Ooma has a one year low of $7.55 and a one year high of $12.30. The company’s market cap is $156.69 million.
Ooma (NYSE:OOMA) last released its quarterly earnings data on Tuesday, May 23rd. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Ooma had a negative net margin of 11.51% and a negative return on equity of 29.82%. The company had revenue of $27.58 million during the quarter, compared to analyst estimates of $28.14 million. During the same quarter in the prior year, the business earned ($0.08) earnings per share. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. Equities research analysts expect that Ooma will post ($0.12) EPS for the current fiscal year.
Ooma, Inc is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling.
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