We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Strength Seen in Ooma (OOMA): Can Its 6.4% Jump Turn into More Strength?
Read MoreHide Full Article
Ooma (OOMA - Free Report) shares soared 6.4% in the last trading session to close at $7.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.7% loss over the past four weeks.
Ooma’s focus on small business customers with simple, easy-to-use interfaces that can be implemented quickly without IT support for an integrated business connectivity solution is likely to drive healthy growth momentum. Its low-cost fixed line that reportedly offers faster emergency access services is expected to gain traction, while increased penetration within enterprise markets with customized offerings is likely to have buoyed the share prices.
This internet phone service provider is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -25%. Revenues are expected to be $61.85 million, up 8.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ooma, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OOMA going forward to see if this recent jump can turn into more strength down the road.
Ooma is part of the Zacks Communication - Components industry. Airgain (AIRG - Free Report) , another stock in the same industry, closed the last trading session 0.8% lower at $5.20. AIRG has returned -3.3% in the past month.
Airgain's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. Compared to the company's year-ago EPS, this represents no change. Airgain currently boasts a Zacks Rank of #2 (Buy).
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Strength Seen in Ooma (OOMA): Can Its 6.4% Jump Turn into More Strength?
Ooma (OOMA - Free Report) shares soared 6.4% in the last trading session to close at $7.51. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 14.7% loss over the past four weeks.
Ooma’s focus on small business customers with simple, easy-to-use interfaces that can be implemented quickly without IT support for an integrated business connectivity solution is likely to drive healthy growth momentum. Its low-cost fixed line that reportedly offers faster emergency access services is expected to gain traction, while increased penetration within enterprise markets with customized offerings is likely to have buoyed the share prices.
This internet phone service provider is expected to post quarterly earnings of $0.12 per share in its upcoming report, which represents a year-over-year change of -25%. Revenues are expected to be $61.85 million, up 8.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Ooma, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on OOMA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Ooma is part of the Zacks Communication - Components industry. Airgain (AIRG - Free Report) , another stock in the same industry, closed the last trading session 0.8% lower at $5.20. AIRG has returned -3.3% in the past month.
Airgain's consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.08. Compared to the company's year-ago EPS, this represents no change. Airgain currently boasts a Zacks Rank of #2 (Buy).