Revenue Update on Ooma Inc(NYSE:OOMA)

Ooma Inc(NYSE:OOMA) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-hours on Nov 29, 2016. Company reported revenue of $27.01M. Analysts estimated a revenue of $27.00M. The revenues were $7.00K or 0.03% above the estimates. Earnings per share were $-0.02. The reported EPS was above estimates by $0.03 or 60.00%. Analysts had estimated an EPS of $-0.05.

Ooma Inc (OOMA) made into the market gainers list on Tuesdays trading session with the shares advancing 4.40% or 0.4 points. Due to strong positive momentum, the stock ended at $9.5, which is also near the day’s high of $9.5. The stock began the session at $9.1 and the volume stood at 2,75,971 shares. The 52-week high of the shares is $9.92 and the 52 week low is $5.43. The company has a current market capitalization of $165 M and it has 1,74,03,580 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Nov 22, 2016, James A. Gustke (Vice President of Marketing) sold 6,000 shares at $8.97 per share price.Also, On Oct 3, 2016, Russell Mann (director) sold 27,000 shares at $8.80 per share price.On Oct 3, 2016, Spencer D. Jackson (VP, General Counsel & Sec.) sold 1,500 shares at $9.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Ooma Inc. is a provider of communications solutions and other connected services to small business home and mobile users. The Company’s hybrid software as a service (SaaS) platform consisting of its cloud on-premise appliances mobile applications and end-point devices provides the connectivity and functionality that powers its solutions. The Company’s products include Ooma Office for small businesses Business Promoter Ooma Telo for home Ooma end-point devices Ooma Premier Service for Telo and Talkatone Application. Business Promoter is a service that helps businesses generate new customer leads. The Company offers an international calling plan that allows users to make unlimited calls to 61 countries around the world. Calls can be made from the Ooma Telo or from the Ooma Mobile HD application. Users can have their voicemail messages converted into text and have it sent to the user via e-mail so they can read the content of the voicemail.

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