Ooma shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY25 revenue and Q3 guidance above estimates.
Portfolio Pulse from Benzinga Newsdesk
Ooma shares rose after the company reported better-than-expected Q2 financial results and increased its FY25 revenue and Q3 guidance above estimates.
August 28, 2024 | 2:22 pm
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POSITIVE IMPACT
Ooma's stock price increased following the announcement of better-than-expected Q2 results and an upward revision of FY25 revenue and Q3 guidance.
The positive Q2 financial results and the raised guidance for FY25 and Q3 are likely to boost investor confidence, leading to a short-term increase in Ooma's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100