Buyers centered on the Laptop and Know-how area have possible heard of Ooma (OOMA), however is the inventory performing properly compared to the remainder of its sector friends? By looking on the inventory’s year-to-date efficiency compared to its Laptop and Know-how friends, we’d be capable of reply that query.
Ooma is one in every of 627 particular person shares within the Laptop and Know-how sector. Collectively, these corporations sit at #12 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 totally different sector teams. The common Zacks Rank of the person shares inside the teams is measured, and the sectors are listed from finest to worst.
The Zacks Rank is a confirmed mannequin that highlights quite a lot of shares with the correct traits to outperform the market over the subsequent one to 3 months. The system emphasizes earnings estimate revisions and favors corporations with enhancing earnings outlooks. OOMA is at the moment sporting a Zacks Rank of #2 (Purchase).
Inside the previous quarter, the Zacks Consensus Estimate for OOMA’s full-year earnings has moved 30.69% increased. This reveals that analyst sentiment has improved and the corporate’s earnings outlook is stronger.
Based mostly on the latest information, OOMA has returned 45.63% to this point this 12 months. On the similar time, Laptop and Know-how shares have gained a median of 26.40%. This reveals that Ooma is outperforming its friends to this point this 12 months.
Breaking issues down extra, OOMA is a member of the Communication – Elements business, which incorporates 17 particular person corporations and at the moment sits at #219 within the Zacks Business Rank. On common, this group has gained a median of 4.14% to this point this 12 months, which means that OOMA is performing higher by way of year-to-date returns.
Going ahead, traders serious about Laptop and Know-how shares ought to proceed to pay shut consideration to OOMA because it seems to proceed its stable efficiency.
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Ooma, Inc. (OOMA) : Free Inventory Evaluation Report
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