Alliance Global Partners tells investors in a research note that the acquisition of 2600Hz for $33M in cash by Ooma should strengthen Ooma’s competitive positioning. The analyst maintained a Buy rating on Ooma, but lowered the firm’s price target to $17 from $18, saying that the improved competitive positioning is coming at a high cost because 2600Hz was not prepared to sell in past years when it had discussions with Ooma.
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