Ooma, Inc. (OOMA) is gearing up to release its third-quarter earnings results after the closing bell on Monday, December 8, and Wall Street's sharpest forecasters have been busy tweaking their models.
The Sunnyvale, California-based cloud communications provider is expected to report quarterly earnings of 22 cents per share, a healthy jump from 17 cents per share in the same period last year. Analysts are also looking for revenue to hit $71.42 million, compared to $65.13 million a year earlier. That's nearly 10% growth, which isn't nothing in today's market environment.
Adding fuel to the growth story, Ooma announced on November 24 that it's acquiring Phone.Com for $23.2 million in cash. The move suggests management is feeling confident enough to write checks and expand the business through strategic acquisitions.
Investors seem to like what they're hearing. Shares of Ooma climbed 4% to close at $11.74 on Friday, building momentum ahead of the earnings report.
What the Pros Are Saying
Several highly-rated analysts have weighed in on Ooma recently, and the consensus leans decidedly positive. Here's how the forecasters with proven track records are positioned:
Lake Street analyst Eric Martinuzzi maintained a Buy rating and bumped his price target from $17 to $18 on November 4, 2025. Martinuzzi has a 50% accuracy rate on his calls.
JMP Securities analyst Patrick Walravens held steady with a Market Perform rating on August 27, 2025. Walravens boasts a 60% accuracy rate, making him one of the more reliable voices on the Street.
Benchmark analyst Matthew Harrigan kept his Buy rating intact with a $20 price target on August 25, 2025. Harrigan's accuracy rate sits at 58%.
Northland Capital Markets analyst Michael Latimore maintained an Outperform rating and raised his price target from $16 to $18 on December 5, 2024. With a 65% accuracy rate, Latimore has the strongest track record of the bunch.
The pattern here is clear: most analysts with solid forecasting credentials believe Ooma has room to run, with price targets suggesting potential upside of 50% or more from current levels.
