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Strength Seen in Ooma (OOMA): Stock Adds 11% in Session
Ooma, Inc. (OOMA - Free Report) was a big mover last session, as the company saw its shares rise almost 11% on the day. The news also led to far more shares changing hands than in a normal session, resulting in solid volume. This breaks the recent trend for the company as the stock is now trading above the volatile price range of $8.16 to $8.77 in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days, while the Zacks Consensus Estimate moved lower, suggesting trouble down the road. So, make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Ooma has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
A better-ranked stock in the same industry is ARRIS International plc , sporting a Zacks Rank #1 (Strong Buy).
Is OOMA going up? Or down? Predict to see what others think: Up or Down
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