Ooma operates a communications platform for small businesses and consumers on which it offers cloud-based telephony. The company uses VoIP technology.
The market finally seems to be rewarding Ooma for its extraordinary streak of earnings beats (16 since the IPO) and more importantly the earnings surprise (+300% surprise) in the last quarter (consensus: $0.01 v/s actual: $0.04). Thus, there has been an upside of 20% in the last week. There was a prior 24% upside on Nov 21st 2019 when the company reported its first positive earnings in Q3-2019.
Figure 1: Ooma Earnings Surprises
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