Ooma shares climb ahead of earnings
25/05/2021 16:43
** Ooma Inc OOMA.N shares up 3.74% at $16.63 after hitting
session high of $16.90, highest level since May 4
** The communications platform maker is scheduled to post Q1
earnings after the closing bell on Wednesday
** Estimates call for adj EPS of 8 cents vs 11 cents in the
year-ago period, per Refinitiv data; revenue expected to rise
9.9% to $44.31 mln from $40.31 mln a year ago
** Median price target on OOMA is $24, up from $22.75 three
months ago; All 6 analysts are bullish, including 1 "strong buy"
rating
** With move on Tues, OOMA shares up ~15.5% YTD and on pace
for fourth straight monthly climb vs 8.8% yearly gain in 2020
((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))