Smart Communications Platform Beats Estimates and Raises Outlook

  • Ooma shares rise after reporting 2Q results that beat estimates
  • Second-quarter loss of 8 cents per share on sales of $64.1 million
  • Adjusted EPS of 15 cents, in line with analysts’ expectations
  • Third-quarter loss per share forecast at 6-7 cents vs. estimates of 7 cents
  • Total revenue expected to be $64.2-$64.6 million, higher than analysts’ expectations

Ooma Inc., a smart communications platform for businesses and consumers, saw its shares rise by 7.5% to $9.44 after reporting second-quarter results that surpassed expectations. The company posted a loss of 8 cents per share on sales of $64.1 million, exceeding analysts’ estimates of a 9 cent loss and $62.7 million in sales. On an adjusted basis, Ooma achieved earnings of 15 cents per share, meeting analysts’ expectations. Compared to the same period last year, EPS was 1 cent on sales of $58.4 million. The company forecasted a third-quarter loss per share between 6 and 7 cents, lower than the estimated 7 cents by analysts. Adjusted EPS is expected to be 15-16 cents, in line with estimates. Ooma anticipates total revenue of $64.2-$64.6 million for the quarter, surpassing expectations of $63.1 million.

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Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the company’s financial performance, including specific numbers and comparisons with previous quarters and analyst estimates.
Noise Level: 7
Noise Justification: The article provides relevant financial information about a company’s quarterly results and stock performance, but it lacks in-depth analysis or exploration of long-term trends or consequences of decisions. It also does not offer actionable insights or new knowledge for the reader.
Public Companies: Ooma (OOMA)
Key People: Stephen Nakrosis (Author)

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Financial Relevance: Yes
Financial Markets Impacted: Ooma’s stock price and investor sentiment
Financial Rating Justification: The article discusses Ooma’s financial performance, including its second-quarter results and expectations for the third quarter. This is relevant to financial topics as it directly affects the company’s stock price and investor sentiment in the market.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the article
Move Size: 7.5%
Sector: Technology
Direction: Up
Magnitude: Medium
Affected Instruments: Stocks

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