Ooma rises on deal to buy cloud-based business communications provider
ReutersNov 24, 2025 12:58 PM
Shares of telecommunications company Ooma OOMA.N rise nearly 4% to $11.3 premarket
To buy cloud-based business communications company Phone.com for $23.2 million in cash
Says deal expected to add $22-$23 million in revenue and $1.0-1.5 million of adjusted EBITDA annually
Transaction to be funded through a combination of cash on hand and debt
Says deal to close in Q4 of FY 2026
Five of six brokerages rate OOMA's stock "buy" or higher and one "hold"; their median PT is $18.3; according to data compiled by LSEG
As of last close, shares down 22.6% YTD
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