Ooma Inc (OOMA) reported quarterly earnings results on Tuesday, May-31-2016. The company said it had a profit of $-0.08 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-0.10. The company posted revenue of $24.46 million in the period, compared to analysts expectations of $23.82 million. The company’s revenue was up 23.2% compared to the same quarter last year.
Many Wall Street Analysts have commented on Ooma Inc. Shares were Reiterated by Wunderlich on Mar 11, 2016 to “Buy” and Lowered the Price Target to $ 15 from a previous price target of $17 .
Ooma Inc closed down -0.04 points or -0.58% at $6.81 with 21,607 shares getting traded on Friday. Post opening the session at $6.86, the shares hit an intraday low of $6.705 and an intraday high of $6.88 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on May 23, 2016, James A. Gustke (Vice President of Marketing) sold 4,000 shares at $6.63 per share price. According to the SEC, on Sep 29, 2015, Eric B Stang (CEO) purchased 7,000 shares at $6.65 per share price. On Sep 29, 2015, Ravi Narula (CFO) purchased 3,000 shares at $7.10 per share price, according to the Form-4 filing with the securities and exchange commission.
Ooma Inc. is a provider of communications solutions and other connected services to small business home and mobile users. The Companys hybrid software as a service (SaaS) platform consisting of its cloud on-premise appliances mobile applications and end-point devices provides the connectivity and functionality that powers its solutions. The Companys products include Ooma Office for small businesses Business Promoter Ooma Telo for home Ooma end-point devices Ooma Premier Service for Telo and Talkatone Application. Business Promoter is a service that helps businesses generate new customer leads. The Company offers an international calling plan that allows users to make unlimited calls to 61 countries around the world. Calls can be made from the Ooma Telo or from the Ooma Mobile HD application. Users can have their voicemail messages converted into text and have it sent to the user via e-mail so they can read the content of the voicemail.