
Ooma (OOMA) Stock Forecast & Price Target
Ooma (OOMA) Analyst Ratings
Bulls say
Ooma Inc's product and other revenue reached $5.2 million, reflecting a robust year-over-year growth of 14%, surpassing consensus expectations and previous estimates. The company's guidance for overall revenue between $67.2 million and $67.9 million indicates a steady year-over-year increase of 3-4%, along with projected non-GAAP earnings per share of $0.22 to $0.23, which exceeds market expectations. Overall, Ooma's positive financial metrics and growth trajectory underscore a favorable outlook for its stock performance.
Bears say
Ooma Inc reported a non-GAAP gross margin of 62.0%, which fell short of both the consensus estimate of 62.6% and the company’s own estimate of 63.3%, indicating potential issues with cost management or pricing strategies. Additionally, the stock has experienced a decline of 14% year-to-date and has decreased by 1.9% since the latest financial reporting, reflecting a negative market sentiment. These factors contribute to a concerning outlook for the company's financial health and overall market performance.
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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