Domo (DOMO) Updates Q1 2020 Earnings Guidance

Share on StockTwits

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.

An institutional investor recently raised its position in Domo stock. Geode Capital Management LLC lifted its position in Domo Inc (NASDAQ:DOMO) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 100,745 shares of the company’s stock after purchasing an additional 7,240 shares during the quarter. Geode Capital Management LLC owned 0.38% of Domo worth $1,977,000 at the end of the most recent reporting period. Institutional investors own 61.34% of the company’s stock.

WARNING: “Domo (DOMO) Updates Q1 2020 Earnings Guidance” was first posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this piece can be read at https://www.tickerreport.com/banking-finance/4219038/domo-domo-updates-q1-2020-earnings-guidance.html.

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.

Featured Article: Trading Ex-Dividend Strategy

Receive News & Ratings for Domo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Domo and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Noir Price Up 9% Over Last 7 Days
Noir Price Up 9% Over Last 7 Days
Tourist Token Hits 1-Day Trading Volume of $8,492.00
Tourist Token Hits 1-Day Trading Volume of $8,492.00
Open Trading Network Price Reaches $0.0522
Open Trading Network Price Reaches $0.0522
Studio City International  & Its Peers Head-To-Head Review
Studio City International & Its Peers Head-To-Head Review
BeeKan  Trading Up 16.2% Over Last 7 Days
BeeKan Trading Up 16.2% Over Last 7 Days
HeroNode Price Reaches $0.0004 on Exchanges
HeroNode Price Reaches $0.0004 on Exchanges


© 2006-2019 Ticker Report