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US Stock In Play: $OOMA (Ooma Inc)

Long
NYSE:OOMA   Ooma, Inc
$OOMA presented a solid price increase over a period of 11 days, reflecting investors’ continued willingness to pay more for the potential upside in a stock. In the latest bullish flag breakout, $OOMA gained +22.2% over the last 6 trading days and successfully established a new all time high at $24.10.

The negative free cash flow of $OOMA may make it a less-desirable investment, however the stock price currently still remains significantly undervalued relative to its peers . It should be well-positioned to capitalize on the seismic tailwind due to the stay-at-home mandate in US.

$OOMA creates connected experiences for businesses and consumers in the United States, Canada, and internationally. The company’s smart software-as-a-service and unified-communications-as-a-service (UCaaS) platforms serve as a communications hub, which offers cloud-based communications solutions, smart security, and other connected services.

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