In a report released today, Josh Nichols from B.Riley FBR maintained a Buy rating on Ooma (OOMA). The company’s shares opened today at $16.34, close to its 52-week high of $17.50.
Nichols wrote:
“Buy-rated Ooma, Inc. (OOMA, $20 PT) reports F4Q19 (Jan) results, after the close, on Tuesday, 3/5 (call at 5:00 p.m. ET; dial-in: 833.233.4456). We model revenue and EBITDA of $33.3M and ($0.9M), relative to consensus’ $33.2M and ($0.6M), as well as top-line guidance of $33.0M to $33.5M. Recall: Management increased FY19 guidance last quarter, with revenue guidance increasing from $125.5M–$127.5M to $127.5M–$128.0M and pro forma EPS improving from ($0.18)–($0.23) to ($0.16)–($0.18); we believe the company is well positioned heading into FY20. We met with management at CES in January, and the team is squarely focused on executing its growth plan now that the company has an expanded business platform with key feature enhancements.”
According to TipRanks.com, Nichols is a 4-star analyst with an average return of 15.1% and a 46.4% success rate. Nichols covers the Consumer Goods sector, focusing on stocks such as Adesto Technologies Corp, Pointer Telocation Ltd, and Immersion Corp.
The the analyst consensus on Ooma is currently a Moderate Buy rating.
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Based on Ooma’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $3.49 million. In comparison, last year the company had a GAAP net loss of $2.93 million.
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Ooma, Inc. is a holding company, which provides communications solutions and other connected services to small business, home and mobile users. It hybrid SaaS platform, consisting of their proprietary cloud, on-premise appliances, mobile applications, and end-point devices, provides the connectivity and functionality that power its solutions.
