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Ooma (NYSE:OOMA) has been downgraded from Buy to Underperform in a report by BofA Merrill today.

BofA Merrill has downgraded Ooma (NYSE:OOMA) from Buy to Underperform in a statement released on 5/24/2017.

Showing a price of $11.70, Ooma (NYSE:OOMA) traded 3.57% higher on the day. With the last stock price close up 6.84% from the 200-day moving average, compared to the S&P 500 which has increased 0.01% over the same period. OOMA has recorded a 50-day average of $8.39 and a two hundred day average of $9.50. Trade Volume was down over the average, with 119,324 shares of OOMA changing hands under the typical 198,368

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With a market cap of $0, Ooma has 52 week low of $7.30 and a 52 week high of $12.30 .

Also covering Ooma's target, a total of 4 analysts have released a research note on Ooma. The 12-month price target is $14.50 with 2 firms rating the stock a strong buy, 3 firms rating the stock a buy, 0 brokerages rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the company a sell.

General Company Details For Ooma (NYSE:OOMA)

Ooma, Inc. is a United States-based company, which offers Ooma, a communications platform for small businesses and consumers. Ooma serves as a communications hub, which offers cloud-based telephony, Internet security, home monitoring and other connected services. Ooma combines PureVoice high definition (HD) call quality features with mobile applications anytime, anywhere calling. Ooma is a full router capable of prioritizing voice data and directing traffic to ensure reliable phone service. Its enterprise-grade phone service built for small business includes features, such as calling features, including unlimited calling in United States and Canada, 911 service and toll-free numbers available; office features, including virtual receptionist, extension dialing and voicemail; mobility features, including call forwarding, voicemail forwarding and multi-ring, and one-touch Internet protocol (IP) phone features, including three way conference, transfer calls and call on hold.

The post Ooma (NYSE:OOMA) has been downgraded from Buy to Underperform in a report by BofA Merrill today. appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Ooma (NYSE:OOMA) has been downgraded from Buy to Underperform in a report by BofA Merrill today.

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