Core Viewpoint - Ooma's stock price fell 11.7% despite beating earnings expectations, primarily due to a significant miss in sales figures [1][3]. Financial Performance - Ooma reported fiscal Q3 2026 earnings of $0.27 per share, surpassing analyst expectations of $0.22, but sales were only $67.6 million compared to the forecast of $71.4 million [1][3]. - Year-over-year sales growth was 4%, and GAAP profits improved from a loss of $0.09 to a profit of $0.05 per share [3]. - The discrepancy between GAAP and non-GAAP earnings raises concerns about the sustainability of reported profits [3][6]. Market Position - Ooma's current stock price is $11.25, with a market capitalization that reflects a high earnings multiple of 55 times projected earnings [4][7]. - The company's guidance for fiscal 2026 projects revenues between $270.3 million and $270.9 million, with earnings between $1 and $1.02 per share, although these figures are non-GAAP [5][6]. Analyst Sentiment - Analysts predict that Ooma's GAAP earnings for the year may not exceed $0.20 per share, indicating potential weakness in overall profitability [6].