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Ooma, Inc. - OOMA STOCK NEWS

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Ooma, Inc. (symbol: OOMA) is a leading provider of innovative communication solutions for both consumers and businesses. With a mission to revolutionize home and small business phone services, Ooma offers an array of products that provide free and low-cost calling in the U.S. and Canada, leveraging advanced cloud-based telephony services.

Since its inception, Ooma has been dedicated to transforming the traditional home phone service market. At the heart of their offerings is the Ooma Telo device, a sophisticated system that delivers free, high-quality calling with advanced features. This device turns a standard home phone into a smart phone, providing unparalleled convenience and value.

For three consecutive years, Ooma has been ranked as the #1 home phone service for overall satisfaction and value by a prominent consumer research publication. This accolade underscores Ooma's commitment to delivering exceptional service and value to its customers.

Building on its success in the residential market, Ooma has expanded its offerings to cater to small businesses. Ooma Office is their first-ever small business phone service, providing a comprehensive suite of features including voice, messaging, intelligent virtual attendants, and video conferencing. This service is built on a robust SaaS and unified communications platform that ensures reliable and high-definition voice quality, along with seamless integration with mobile devices.

Ooma's services are powered by a multi-tenant cloud service, on-premise devices, desktop and mobile applications, and sophisticated calling platforms. The company generates revenue through the sale of subscriptions and additional services, catering to a global customer base.

Stay updated with the latest developments, financial performance, and news about Ooma, Inc. to make informed investment decisions.

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Ooma, Inc.'s subsidiary 2600Hz wins the 2024 TMCnet awards for Internet Telephony Product of the Year and Remote Work Pioneer. The awards recognize the new features in the cloud call center and comm.land unified communications users portal, enhancing agent experience, regulatory compliance, and remote work capabilities.
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Ooma, Inc. (OOMA) reports positive financial results for Q4 and fiscal year 2024, with revenue up 9% and 10% year-over-year respectively. Subscription and services revenue saw significant growth driven by Ooma Business and the acquisition of 2600Hz. However, GAAP net loss increased in Q4, but decreased for the full year. Adjusted EBITDA remained stable in Q4 and increased for the full year.
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Ooma, Inc. wins the 2024 TMC Internet Telephony Product of the Year Award for its MultiPath technology in Ooma AirDial, providing uninterrupted backup for POTS replacement. The innovative solution creates a dual connection between AirDial and the PSTN through wireless LTE and broadband networks, ensuring continuous communication during disruptions.
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Ooma, Inc. (NYSE: OOMA) announces the release of its financial results for Q4 and fiscal year 2024 on March 5, 2024. The company will host a conference call and webcast for analysts and investors. Participants can access the call by phone or webcast via the provided links.
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Ooma, Inc. offers consumers and businesses affordable solutions to replace traditional landline services as legacy carriers like AT&T phase out POTS. Ooma provides free phone services, including E911, number portability, and support for home alarm systems. Ooma AirDial offers businesses an all-in-one POTS replacement solution with advanced features like wireless connectivity and remote management.
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Ooma, Inc. (NYSE: OOMA) to participate in the 26th Annual Needham Growth Conference for one-on-one investor meetings with CEO Eric Stang and CFO Shig Hamamatsu on January 16, 2024.
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Ooma, Inc. (OOMA) Announces Integration of Ooma Office Business Phone Service with Clio, Aiming to Improve Communication and Boost Productivity within Law Firms
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Ooma, Inc. (NYSE: OOMA) released financial results for Q3 2024, with total revenue of $59.9 million, up 6% YoY. Subscription and services revenue increased to $55.9 million, accounting for 93% of total revenue. GAAP net income was $2.3 million, compared to a net loss of $2.8 million in Q3 2023. Non-GAAP net income was $4.0 million, with adjusted EBITDA at $5.0 million.
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Ooma, Inc. (OOMA) announced the incorporation of Ooma AirDial® solution for POTS replacement with MultiPath technology, ensuring uninterrupted backup for life-safety devices. MultiPath creates a continuous dual connection through wireless LTE network and existing broadband network, offering a distinct advantage over traditional failover features. Ooma AirDial helps businesses and property managers transition from legacy analog phone lines, addressing the rising costs and declining reliability of POTS service. The solution provides remote device management and aims to offer a resilient, scalable, and affordable POTS replacement solution.
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Ooma, Inc. (OOMA) announced that its subsidiary, 2600Hz, won the Best White Label Solution at UC Partner Awards 2023 for its Kazoo communications solution. Kazoo, developed by industry-leading telecom experts, offers UCaaS, CPaaS, and CCaaS functionality on a single code base, with over 300 open APIs for customization. The solution empowers resellers and service providers to build and maintain their brand recognition in the market. The award was given by a panel of 12 leading analysts in the cloud communications industry, acknowledging 2600Hz's innovation and growth.
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FAQ

What is the current stock price of Ooma (OOMA)?

The current stock price of Ooma (OOMA) is $13.8 as of November 21, 2024.

What is the market cap of Ooma (OOMA)?

The market cap of Ooma (OOMA) is approximately 301.2M.

What does Ooma, Inc. specialize in?

Ooma, Inc. specializes in providing free and low-cost telephone calling services in the U.S. and Canada, along with advanced cloud-based telephony services for consumers and businesses.

What is the Ooma Telo?

The Ooma Telo is a sophisticated device that, when connected to the internet, delivers free, high-quality calling with advanced features, turning an ordinary home phone into a smart phone.

What services does Ooma Office offer?

Ooma Office offers small business phone services, including voice, messaging, intelligent virtual attendants, and video conferencing, built on a robust SaaS and unified communications platform.

How does Ooma generate revenue?

Ooma generates revenue through the sale of subscriptions and additional services to its global customer base.

Has Ooma received any notable recognitions?

Yes, Ooma has been ranked the #1 home phone service for overall satisfaction and value for the last three consecutive years by a leading consumer research publication.

What are the key features of Ooma's services?

Key features include high-definition voice quality, advanced functionality, and integration with mobile devices, supported by a multi-tenant cloud service and sophisticated calling platforms.

Does Ooma cater to international customers?

Yes, Ooma's advanced cloud-based telephony services cater to a global customer base.

What recent achievements have Ooma accomplished?

Ooma has recently expanded its services to include small business phone solutions with Ooma Office, gaining significant market recognition and customer satisfaction.

What is the importance of the Ooma Telo device?

The Ooma Telo device is central to Ooma's strategy, providing advanced features and high-quality, free calling, transforming traditional home phones into smart devices.

How do Ooma's services benefit small businesses?

Ooma's small business services offer comprehensive communication solutions, including voice, messaging, virtual attendants, and video conferencing, ensuring reliable and integrated communications.

Ooma, Inc.

NYSE:OOMA

OOMA Rankings

OOMA Stock Data

301.23M
24.67M
7.96%
73.14%
1.72%
Software - Application
Services-computer Processing & Data Preparation
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United States of America
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