
Ooma (OOMA) Stock Forecast & Price Target
Ooma (OOMA) Analyst Ratings
Bulls say
Ooma Inc reported product and other revenue of $5.2 million, marking a 14% year-over-year increase, which exceeded both the consensus estimate of $5.1 million and the company's own estimate of $5.0 million. The company guided for total revenue between $67.2 million and $67.9 million, representing a 3-4% increase year-over-year, along with a projected non-GAAP EPS of $0.22 to $0.23, surpassing consensus expectations. Additionally, revenue of $66.4 million was in line with consensus and above previous estimates, further supporting a positive financial outlook for Ooma.
Bears say
Ooma Inc's non-GAAP gross margin of 62.0% fell short of both the consensus estimate of 62.6% and the internal estimate of 63.3%, indicating potential challenges in cost management or pricing power. Additionally, the stock has experienced a decline of 14% year to date, reflecting market concerns regarding its future performance. Further compounding these issues, the stock has decreased by 1.9% since the latest financial report, suggesting a lack of investor confidence after the earnings announcement.
This aggregate rating is based on analysts' research of Ooma and is not a guaranteed prediction by Public.com or investment advice.
Ooma (OOMA) Analyst Forecast & Price Prediction
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