Ooma Phone Service Estimates Its Smart-Security Opportunity at 50 Million Homes

Ooma plans CES announcements for its residential phone service and smart security solutions, said CEO Eric Stang on a Tuesday evening quarterly call after results exceeded some analyst forecasts. Ooma sees a big “competitive advantage” looming in smart security from 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. The smart-security market opportunity in North America could be 50 million homes, he said. Wednesday, the stock closed up 15 percent at $15.60.