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Ooma Inc (NYSE:OOMA) has been downgraded from Buy to Underperform in a statement by Bank of America (Merrill Lynch) earlier today.

Bank of America (Merrill Lynch) has downgraded Ooma Inc (NYSE:OOMA) from Buy to Underperform in a statement released on 5/24/2017.

Boasting a price of $8.35, Ooma Inc (NYSE:OOMA) traded 3.57% higher on the day. With the last close down 6.84% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Ooma Inc has recorded a 50-day average of $8.39 and a two hundred day average of $9.50. Volume of trade was down over the average, with 119,324 shares of OOMA changing hands under the typical 198,368

Performance Chart

Ooma Inc (NYSE:OOMA)

With a total market value of $0, Ooma Inc has with a one year low of $7.30 and a one year high of $12.30 .

A total of 4 analysts have released a research note on OOMA. Two analysts rating the company a strong buy, three analysts rating the company a buy, zero analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $14.50.

More About Ooma Inc (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.

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