Domo (NASDAQ:DOMO) Updates FY 2020 Earnings Guidance

Domo (NASDAQ:DOMO) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $-3.87–3.79 for the period, compared to the Thomson Reuters consensus EPS estimate of $-4.02. The company issued revenue guidance of $173-174 million, compared to the consensus revenue estimate of $173.73 million.Domo also updated its FY20 guidance to ($3.87)-($3.79) EPS.

Several analysts recently commented on the company. Credit Suisse Group upped their target price on Domo from $27.00 to $40.00 and gave the company an outperform rating in a report on Thursday, March 14th. Needham & Company LLC increased their price target on Domo from $27.00 to $37.00 and gave the stock a buy rating in a report on Tuesday, March 12th. Zacks Investment Research cut Domo from a buy rating to a hold rating in a report on Monday, May 27th. Morgan Stanley set a $47.00 target price on Domo and gave the stock a buy rating in a research report on Friday, June 7th. Finally, JMP Securities upped their target price on Domo from $35.00 to $47.00 and gave the stock an outperform rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Domo presently has an average rating of Buy and a consensus price target of $38.38.

NASDAQ DOMO opened at $27.32 on Friday. Domo has a 12 month low of $13.28 and a 12 month high of $47.08. The company has a fifty day moving average of $32.66. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 4.56.

Domo (NASDAQ:DOMO) last announced its earnings results on Thursday, June 6th. The company reported ($1.08) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.45) by $0.37. The firm had revenue of $40.80 million during the quarter, compared to analyst estimates of $40.69 million. Domo had a negative return on equity of 253.84% and a negative net margin of 95.39%. The firm’s quarterly revenue was up 27.9% on a year-over-year basis. Equities analysts expect that Domo will post -4.82 EPS for the current year.

In other news, EVP Catherine Wong sold 6,580 shares of the stock in a transaction on Friday, April 12th. The stock was sold at an average price of $38.74, for a total transaction of $254,909.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 21.97% of the stock is currently owned by corporate insiders.

About Domo

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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