Ooma Estimates Its Smart-Security Opportunity Could Number 50 Million Homes

Ooma plans several CES announcements about its residential phone service and smart-security solutions, said CEO Eric Stang on a Tuesday earnings call. Ooma sees a big “competitive advantage” looming in its smart-security offering through a “wider range of use cases and alerts in combination with more flexible and controllable sensors and a more intuitive integrated overall solution,” he said. Though its smart-security strategy “continues to unfold,” Ooma is “convinced we are serving a large market opportunity with the solution that we believe offers more than others,” he said. Ooma estimates the smart-security market opportunity in North America alone could number 50 million homes, he said. Shares closed 14.9 percent higher Wednesday at $15.60 after Ooma reported Q3 results that beat analysts' expectations and after William Blair upgraded the stock from market perform to outperform.