Ooma transferred with Outperform rating at JMP Securities

JMP Securities analyst Erik Suppiger took over coverage of Ooma and kept an Outperform rating on the shares with an $18 price target. The company reported fiscal Q2 results that were ahead of consensus estimates and management provided guidance that was approximately in line, the analyst tells investors in a research note. The firm says Ooma’s growth will benefit from an increasing contribution from business accounts.