
Ooma (OOMA) Stock Forecast & Price Target
Ooma (OOMA) Analyst Ratings
Bulls say
Ooma Inc reported product and other revenue of $5.2 million, reflecting a year-over-year increase of 14%, which surpassed the consensus estimate of $5.1 million. The company's guidance indicates a projected revenue range of $67.2 million to $67.9 million and non-GAAP earnings per share (EPS) between $0.22 and $0.23, demonstrating resilience and a positive earnings outlook compared to consensus estimates. Furthermore, total revenue of $66.4 million was reported, aligning with consensus expectations and demonstrating a solid growth trajectory with a year-over-year increase of 3%.
Bears say
Ooma Inc's non-GAAP gross margin of 62.0% fell short of both the consensus expectation of 62.6% and the company's own estimate of 63.3%, indicating potential inefficiencies or increased costs. Furthermore, the company's stock has seen a year-to-date decline of 14%, reflecting investor concerns regarding its overall financial performance. Additionally, a slight drop of 1.9% since the reporting period further highlights the market's negative sentiment towards Ooma's performance and outlook.
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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