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Update: Ooma Shares Rise After Fiscal Q2 Beat

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(Updates with the latest stock price movement in the headline and the first paragraph.)

Ooma (OOMA) shares rose nearly 11% in Thursday trading after the company late Wednesday reported a fiscal Q2 beat and raised fiscal 2027 guidance.

The company reported fiscal Q2 adjusted earnings late Wednesday of $0.35 per diluted share, up from $0.23 a year earlier.

Analysts polled by FactSet expected $0.33.

Revenue for the quarter ended July 31 rose to $83.2 million from $66.4 million a year earlier.

Analysts expected $81.7 million.

Ooma expects fiscal Q3 adjusted EPS of $0.34 to $0.35 on revenue of $83.7 million to $84.5 million.

Analysts expect $0.32 and $82.0 million, respectively.

The company raised fiscal 2027 adjusted EPS guidance to $1.35 to $1.38 on revenue of $332.0 million to $333.5 million. Its prior guidance was for adjusted EPS of $1.29 to $1.34 on revenue of $326 million to $328.5 million.

Analysts expect $1.31 and $327.5 million, respectively.

Price: $22.72, Change: $+2.19, Percent Change: +10.67%

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