NYSE:OOMASoftware
Ooma (OOMA) Stock Surges As Profit Growth Sharpens Valuation Scrutiny
Ooma stock ripped higher, jumping 12.2% to about US$23 after its second quarter report, as investors reacted to a clean beat on the software communications story. The headline was clear. Revenue reached US$83.2m while non GAAP net income came in at US$10.2m, with adjusted earnings before interest, tax, depreciation and amortization at US$12.4m.
That is the short term snapshot. The bigger question now is whether this improving earnings power can support Ooma’s rich 57.9x trailing P/E and the...