Welcome to our dedicated page for Ooma news (Ticker: OOMA), a resource for investors and traders seeking the latest updates and insights on Ooma stock.
Ooma, Inc. (NYSE: OOMA) is a smart communications platform for businesses and consumers, and its news flow reflects activity across product development, financial performance and strategic transactions. Founded in 2003, the company delivers phone, messaging, video and advanced communications services through offerings such as Ooma Office for small to medium-sized businesses, Ooma AirDial for copper line replacement, Ooma 2600Hz for businesses that build on an outsourced platform, and Ooma Telo for residential users.
News about Ooma frequently covers quarterly financial results, where the company reports revenue broken out between subscription and services and product and other, along with non-GAAP metrics such as non-GAAP net income and adjusted EBITDA. These releases often highlight the contribution of Ooma Business and provide guidance ranges for upcoming quarters and fiscal years.
Investors and observers can also follow strategic acquisitions through Ooma’s news. The company has announced and then closed acquisitions of FluentStream Corp. and Phone.com, both cloud communications/UCaaS providers focused on small and medium-sized organizations. Press releases describe the expected revenue and adjusted EBITDA contributions from these businesses and explain how they fit into Ooma’s strategy to grow its business-focused communications offerings.
Ooma’s news feed also includes product and integration updates, such as the announcement that Ooma Office integrates with Zapier, enabling users to automate workflows with thousands of applications. Additionally, the company regularly announces participation in investor conferences and virtual investor meetings, providing schedules and access details for presentations and webcasts.
By reviewing the OOMA news page on Stock Titan, readers can track earnings announcements, acquisition milestones, product integrations and investor relations events that shape Ooma’s development as a provider of advanced communications services.
Ooma, Inc. (NYSE: OOMA) announced that CFO Ravi Narula will resign in the second half of Q2 fiscal 2022, ending July 31, to pursue other opportunities. Namrata Sabharwal, current VP and Corporate Controller, will assume the role on an interim basis. Narula joined Ooma in 2014 and contributed to significant revenue growth and the transition to a public company. Ooma reaffirmed its fiscal 2022 guidance and plans to report Q1 results on May 27, 2021. Ooma focuses on smart communications for businesses and consumers through its cloud-based platform.
Ooma has announced that its patented technology, Continuous Voice, is now available at no extra charge to all Ooma Connect customers. This technology ensures uninterrupted business phone calls during internet outages by automatically providing backup through multiple connections. Previously restricted to select plans, Continuous Voice enhances the overall reliability of Ooma's services. The Ooma Connect base station is priced at $599.99, with service plans starting at $29.99 monthly. This move is expected to bolster customer satisfaction and attract new users.
Ooma, Inc. reported its financial results for the fiscal fourth quarter and year ended January 31, 2021. Fourth quarter revenue reached $44.3 million, a 9% increase year-over-year. Subscription and services revenue accounted for 93% of total revenue, mainly due to Ooma Business growth. The GAAP net loss improved to $0.6 million or $0.03 per share, compared to $2.3 million last year. For the full year, revenue was $168.9 million, an 11% increase, with a reduced GAAP net loss of $2.4 million. Ooma forecasts revenue of $44.0 million to $44.8 million for Q1 FY2022.
Ooma, Inc. (NYSE: OOMA) will participate in the JMP Securities Technology Conference on March 2, 2021, with a presentation by CEO Eric Stang and CFO Ravi Narula at 1:30 PM ET. The presentation will be available via live audio webcast and can be replayed for 90 days. Ooma provides a smart communications platform for businesses and consumers, offering advanced voice and collaboration features, alongside residential phone services. For more details, visit the Ooma Investor Relations page.
Ooma, Inc. (NYSE: OOMA) will release its financial results for Q4 and fiscal year ended January 31, 2021, after market close on March 1, 2021. The results will be followed by a conference call at 5:00 p.m. Eastern time, accessible via phone and webcast. Interested parties can join the call using the provided conference ID. The news release will be available on Ooma's investor relations website, and a telephonic replay will be accessible from 8:00 p.m. on March 1 through March 8, 2021.
Ooma, a smart communications platform, reported a significant surge in call volumes during the Super Bowl, peaking at 250% more simultaneous calls to quick-service restaurants compared to the previous Sunday. The increase began at 5 PM Eastern, with calls almost doubling in ten minutes, and continued at high levels until 7:30 PM, with a slight dip for the kickoff. Ooma supports over two million customers, including restaurant businesses, emphasizing its capacity to handle high traffic volumes during peak events effectively.
Ooma has appointed CFO Ravi Narula and General Counsel Jenny Yeh to its board of directors as of January 8, 2021. Narula, who has been with Ooma since 2014, is essential for driving revenue growth and enhancing shareholder value. Yeh, with a background in corporate governance and legal compliance, joined Ooma in 2018. Both appointments aim to strengthen the board's expertise and support Ooma's strategic objectives, particularly as the company approaches its new fiscal year starting February 1.
Ooma, a smart communications platform, will participate in the 23rd Annual Needham Virtual Growth Conference on January 15, 2021. CEO Eric Stang and CFO Ravi Narula will present in a fireside chat from 2:00 p.m. to 2:40 p.m. ET. The session will be available as a live audio webcast and later for replay for 180 days via Ooma's Investor Relations page. Alongside the presentation, there will be virtual investor meetings upon request.
Ooma delivers advanced communication services and smart security solutions for businesses and consumers.
Ooma, a smart communications platform, has launched Direct Routing for Microsoft Teams, enabling users to connect to external phone lines. This upgrade enhances Teams' capabilities as a business phone system, supporting devices like desktops and smartphones. Ooma's cloud platform, serving over two million users, offers superior voice quality through both public internet and MPLS methods, facilitated by seven global data centers. The service aims to simplify the integration of PSTN connectivity into Teams, emphasizing high voice quality, competitive pricing, and ease of use for system administrators.
Ooma, Inc. (NYSE: OOMA) announced its participation in the UBS Global TMT Virtual Conference from December 7-9, 2020. A key presentation by CEO Eric Stang and CFO Ravi Narula is scheduled for December 9 at 12:05 p.m. ET, which will be available as a live webcast. Following the presentation, the executives will hold virtual meetings with investors. Ooma is known for its cloud-based SaaS platform that offers advanced communication solutions for both businesses and consumers.