Ooma surges after results, outlook
27/05/2021 15:44
** Ooma Inc OOMA.N shares up 16.86% at $19.13; on track for
biggest daily pct gain in 14 months
** The communications platform maker posted Q1 EPS of 11
cents on revenue of $45.57 mln after the close on Weds vs
estimates of 8 cents per share and revenue of $44.31 mln, per
Refinitiv data urn:newsml:reuters.com:*:nASA028GQ
** OOMA also forecast Q2 non-GAAP EPS between 8-10 cents on
revenue of $46 mln-$46.8 mln and FY non-GAAP EPS between 30-38
cents on revenue between $185 mln-$187 mln
** Current Q2 mean estimates are for EPS of 7 cents and
revenue of $45.61 mln; FY estimate is for EPS of 31 cents and
revenue of $184.51 mln
** Several firms tweak price targets higher on OOMA
following results, including B Riley, Alliance Global and
Benchmark
** Median analyst price target of 6 analysts is $24, up from
$22.75 on Feb 27
** With move on Thurs, OOMA shares up ~33% YTD
((charles.mikolajczak@tr.com; @ChuckMik; Reuters Messaging:
charles.mikolajczak.thomsonreuters.com@reuters.net))