Ooma (NASDAQ: OOMA) is another alternative communications company that provides cloud-based phone services to consumers and small businesses. The company is like some other small public companies like Vonage (NYSE:VG), MagicJack (NASDAQ: CALL), and RingCentral (NYSE: RNG).
Ooma has an offering directed at the home market and one for small businesses. As consumers continue their shift away from traditional telephone service to internet-based offerings they look to companies like Ooma, Vonage, MagicJack for inexpensive alternatives. Cable companies and Telcos also try and capture . . .