Update: Ooma Shares Rise After Fiscal Q2 Beat

03:05 PM EDT, 08/27/2026 (MT Newswires) -- (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