Domo (NASDAQ:DOMO) updated its first quarter 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $-1.3–1.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-1.4. The company issued revenue guidance of $40-41 million, compared to the consensus revenue estimate of $38.93 million.Domo also updated its FY 2020 guidance to $-4.07–3.99 EPS.
A number of research analysts recently commented on the company. Needham & Company LLC upped their target price on Domo from $27.00 to $37.00 and gave the company a buy rating in a research note on Tuesday. Morgan Stanley upped their target price on Domo from $29.00 to $38.00 and gave the company an overweight rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research lowered Domo from a hold rating to a sell rating in a research note on Thursday, January 24th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $29.00.
Shares of NASDAQ DOMO traded up $0.73 during trading hours on Wednesday, reaching $31.20. The stock had a trading volume of 1,027,340 shares, compared to its average volume of 511,118. The company has a debt-to-equity ratio of 1.47, a quick ratio of 2.04 and a current ratio of 2.04. Domo has a twelve month low of $13.28 and a twelve month high of $36.87.
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Domo Company Profile
Domo, Inc operates a cloud-based platform in the United States. Its platform digitally connects chief executive officer to the frontline employee with the people, data, and systems in an organization, giving them access to real-time data and insights, and allowing them to manage business from smartphones.
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