In a remarkable display of market confidence, Ooma (NYSE:OOMA) Inc's stock has soared to a 52-week high, reaching a price level of $12.45 USD. This peak reflects a significant uptrend for the cloud-based communication solutions provider, which has seen an impressive 1-year change of 15.74%. Investors are tuning into Ooma's growth narrative, as the company continues to expand its services and market share in a competitive industry. The 52-week high milestone is a testament to Ooma's strategic initiatives and its ability to adapt to the evolving demands of both individual and business customers.
In other recent news, Ooma Inc . has reported strong financial results for Q2 of fiscal year 2025, with revenue of $64.1 million and non-GAAP net income of $4.1 million, surpassing market expectations. Notably, the company's Business segment, including Ooma Office and AirDial, played a significant role in this growth. Additionally, Ooma announced strategic partnerships with incumbent local exchange carriers for both business and residential solutions.
The company also reported an increase in core users and projected Q3 revenue to be between $64.2 million and $64.6 million. For the full fiscal year 2025, Ooma expects revenue to be between $254 million and $255.5 million, with non-GAAP net income in the range of $15.7 million to $16.2 million.
Despite some anticipated churn and one-time installations in Q3, the company remains optimistic about its growth prospects, particularly due to its partnerships with T-Mobile and UScellular, and its recent large customer wins. These developments are expected to significantly contribute to Ooma's growth in the coming year.
InvestingPro Insights
Ooma Inc's recent stock performance aligns with several key metrics and insights from InvestingPro. The company's strong market position is reflected in its trading near its 52-week high, with a current price that is 99.36% of that peak. This upward trajectory is further supported by a robust 75.87% price return over the last six months, indicating sustained investor confidence.
InvestingPro data shows Ooma's revenue growth at 8.66% over the last twelve months, with quarterly revenue growth of 9.9% in Q2 2025, suggesting consistent expansion in line with the company's market performance. The gross profit margin stands at a healthy 61.05%, highlighting Ooma's ability to maintain profitability in its core operations.
InvestingPro Tips point out that while Ooma is not currently profitable over the last twelve months, analysts predict the company will turn profitable this year. This expectation, coupled with the fact that two analysts have revised their earnings upwards for the upcoming period, suggests a positive outlook for Ooma's financial performance.
For investors seeking a more comprehensive analysis, InvestingPro offers 7 additional tips that could provide further insights into Ooma's market position and future prospects.
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