Ooma rises on deal to buy cloud-based business communications provider

Ooma

24/11/2025 12:58

** 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

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))