| Over a month ago | ||||
Consensus 47c. | ||||
Sees Q4 revenue… Sees Q4 revenue $56.3M-$56.6M, consensus $57.5M | ||||
Reports Q3 revenue… Reports Q3 revenue $56.7M, consensus $56.2M. "Ooma executed well in Q3, increasing revenue 15% year-over-year to $56.7M and attaining its highest-ever quarterly non-GAAP net income and adjusted EBITDA," said Eric Stang, CEO of Ooma. "We introduced new features for our Ooma Office Pro Plus tier of service, grew sales of Ooma Enterprise in select verticals including hospitality, expanded our user base in Europe in addition to North America, and added T-Mobile as a resale partner for AirDial, our new solution to replace businesses' aging and expensive copper lines. We also continued the integration of our recent acquisition OnSIP and are pleased to report that OnSIP was adjusted EBITDA accretive in Q3, ahead of plan. Looking forward, we continue to see significant opportunity and remain focused on executing our strategy to drive profitable growth." | ||||
| Over a quarter ago | ||||
Virtual Meeting to be… Virtual Meeting to be held on October 4 hosted by Northland. | ||||
Virtual Meeting to be… Virtual Meeting to be held on October 4 hosted by Northland. | ||||
Communications Services… Communications Services & Media Analyst Harrigan holds a conference call with CEO Stang and CFO Hamatsu on September 22 at 12 pm hosted by Benchmark. | ||||
Benchmark analyst Matthew… Benchmark analyst Matthew Harrigan maintains a Buy rating and $23 price target on Ooma (OOMA) with the "encouraging new development" that T-Mobile (TMUS) For Business is now featuring AirDial from Ooma on its web site as a cost-effective POTS replacement solution. The analyst believes T-Mobile Business is already eliciting significant new customer queries for companies looking to assess AirDial as a potential solution for what has until now been an intractable and expensive POTS replacement challenge. Even a conservative 150,000 eventual AirDial installed base at a $25 monthly price point equivalent to Ooma's current Business ARPU equates to $45M in new annual Subscription and Service revenue alone, a moderate penetration of up to 30M U.S. POTS lines that need to be replaced, Harrigan adds. Further, he believes there is also a significant overseas opportunity, with Europe having an even more chronic replacement challenge compared to the U.S. | ||||
Communications Services… Communications Services & Media Analyst Harrigan holds a virtual meeting with CEO Stang, CFO Hamatsu and Director of IR Robison on September 22 at 10 am hosted by Benchmark. | ||||
Communications Services… Communications Services & Media Analyst Harrigan holds a virtual meeting with CEO Stang, CFO Hamatsu and Director of IR Robison on September 22 at 10 am hosted by Benchmark. | ||||
