Ooma (NYSE:OOMA) Reaches New 1-Year High After Strong Earnings

Ooma, Inc. (NYSE:OOMA)’s stock price hit a new 52-week high during trading on Thursday after the company announced better than expected quarterly earnings. The company traded as high as $26.19 and last traded at $24.5840, with a volume of 214495 shares traded. The stock had previously closed at $20.53.

The technology company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.33 by $0.02. The firm had revenue of $83.23 million during the quarter, compared to the consensus estimate of $81.72 million. Ooma had a return on equity of 20.21% and a net margin of 3.17%.Ooma has set its FY 2027 guidance at 1.350-1.380 EPS and its Q3 2027 guidance at 0.340-0.350 EPS.

Trending Headlines about Ooma

Here are the key news stories impacting Ooma this week:

• Positive Sentiment: Quarterly results exceeded expectations. Ooma reported fiscal Q2 2027 revenue of approximately $83.2 million, up 25% year over year and above the roughly $81.7 million consensus estimate. Adjusted EPS was $0.35, ahead of the $0.33 estimate and up from $0.23 a year earlier. Ooma Reports Fiscal Second Quarter 2027 Financial Results
• Positive Sentiment: Recurring subscription revenue continued to drive growth. Subscription and services revenue rose to $75.6 million from $61.1 million a year earlier and represented 91% of total revenue, supporting greater revenue visibility and business quality. Ooma Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Management raised guidance above analyst forecasts. Fiscal 2027 EPS is projected at $1.35-$1.38 versus a $1.21 consensus estimate, while revenue is expected at $332.0-$333.5 million versus $327.3 million. Q3 EPS guidance of $0.34-$0.35 and revenue guidance of $83.7-$84.5 million also exceed consensus expectations. Ooma Forecasts Fiscal 2027 EPS and Revenue
• Neutral Sentiment: The earnings call and industry recognition—including Ooma being named a leading VoIP provider in a 2026 Spiceworks survey—reinforce its competitive positioning, although these developments are less immediately financial than the earnings and guidance updates. Ooma Named Top VoIP Provider

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. B. Riley Financial reissued a “buy” rating on shares of Ooma in a research note on Thursday. Citigroup reiterated a “market perform” rating on shares of Ooma in a report on Wednesday, May 27th. UBS Group set a $24.00 target price on Ooma in a report on Wednesday, May 27th. Benchmark restated a “buy” rating on shares of Ooma in a research report on Monday, August 17th. Finally, William Blair set a $24.00 price target on Ooma in a report on Monday, August 17th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ooma presently has an average rating of “Moderate Buy” and an average price target of $23.67.

Insider Activity

In other Ooma news, CEO Eric B. Stang sold 27,666 shares of Ooma stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.50, for a total transaction of $511,821.00. Following the transaction, the chief executive officer directly owned 818,718 shares of the company’s stock, valued at $15,146,283. The trade was a 3.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Russell Mann sold 20,000 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $18.35, for a total transaction of $367,000.00. Following the completion of the transaction, the director owned 116,115 shares in the company, valued at $2,130,710.25. The trade was a 14.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 118,652 shares of company stock worth $2,225,186. Insiders own 9.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in OOMA. Quantinno Capital Management LP lifted its position in Ooma by 247.3% in the first quarter. Quantinno Capital Management LP now owns 70,703 shares of the technology company’s stock valued at $1,029,000 after buying an additional 50,347 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Ooma during the first quarter valued at about $1,415,000. North Star Investment Management Corp. purchased a new stake in shares of Ooma in the 1st quarter valued at approximately $873,000. Bard Associates Inc. purchased a new stake in shares of Ooma in the 2nd quarter valued at approximately $558,000. Finally, Hsbc Holdings PLC lifted its holdings in shares of Ooma by 107.3% in the 4th quarter. Hsbc Holdings PLC now owns 96,830 shares of the technology company’s stock worth $1,132,000 after acquiring an additional 50,114 shares during the last quarter. 80.42% of the stock is currently owned by institutional investors and hedge funds.

Ooma Stock Performance

The company has a current ratio of 0.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $656.98 million, a price-to-earnings ratio of 74.30 and a beta of 1.19. The firm’s fifty day moving average price is $20.21 and its 200 day moving average price is $17.05.

About Ooma

Ooma, Inc, headquartered in Sunnyvale, California, is a leading provider of communication services for residential and business customers. Since its founding in 2004, Ooma has built a cloud-based platform that leverages Voice over Internet Protocol (VoIP) technology to deliver voice, video and data services over broadband networks. The company went public on the New York Stock Exchange in 2015 under the ticker OOMA and has continued to expand its service portfolio to meet evolving customer demands.

For residential users, Ooma offers an all-in-one home phone service that includes its flagship Telo device, mobile and web applications, and optional smart home security features.