Top Wall Street Forecasters Revamp Ooma Expectations Ahead Of Q3 Earnings

Earnings Report - Ooma, Inc. is set to release its third-quarter earnings results on December 8, with analysts expecting earnings of 22 cents per share, an increase from 17 cents per share in the same period last year [1] - The consensus estimate for quarterly revenue is $71.42 million, compared to $65.13 million a year earlier [1] Acquisition - Ooma has agreed to acquire Phone.Com for $23.2 million in cash [1] Stock Performance - Shares of Ooma rose 4% to close at $11.74 [2] Analyst Ratings - Lake Street analyst Eric Martinuzzi maintained a Buy rating and increased the price target from $17 to $18 [4] - JMP Securities analyst Patrick Walravens maintained a Market Perform rating [4] - Benchmark analyst Matthew Harrigan maintained a Buy rating with a price target of $20 [4] - Northland Capital Markets analyst Michael Latimore maintained an Outperform rating and raised the price target from $16 to $18 [4]