Domo (DOMO) Issues Quarterly Earnings Results, Beats Estimates By $0.49 EPS
Domo (NASDAQ:DOMO) announced its earnings results on Thursday. The company reported ($3.44) earnings per share for the quarter, beating the consensus estimate of ($3.93) by $0.49, Briefing.com reports. The firm had revenue of $34.30 million during the quarter, compared to analyst estimates of $32.02 million. Domo’s revenue for the quarter was up 32.4% on a year-over-year basis. Domo updated its Q3 guidance to ($1.39)-($1.37) EPS and its FY19 guidance to ($9.55)-($9.50) EPS.
Shares of NASDAQ DOMO traded up $0.15 on Friday, reaching $21.87. 59,076 shares of the company traded hands, compared to its average volume of 382,091. Domo has a fifty-two week low of $15.79 and a fifty-two week high of $28.86.
In related news, CFO Bruce C. Jr. Felt acquired 3,500 shares of the company’s stock in a transaction dated Tuesday, July 3rd. The stock was bought at an average price of $21.00 per share, with a total value of $73,500.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Joshua G. James bought 101,700 shares of the firm’s stock in a transaction dated Tuesday, July 3rd. The shares were purchased at an average price of $21.00 per share, with a total value of $2,135,700.00. The disclosure for this purchase can be found here.
Several brokerages recently weighed in on DOMO. Credit Suisse Group boosted their target price on shares of Domo from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday. Morgan Stanley upped their price objective on shares of Domo from $28.00 to $29.00 and gave the company an “overweight” rating in a research note on Friday. JMP Securities reaffirmed an “outperform” rating and set a $35.00 price objective (up previously from $30.00) on shares of Domo in a research note on Friday. Cowen began coverage on shares of Domo in a research note on Tuesday, July 24th. They set an “outperform” rating and a $27.00 price objective for the company. Finally, William Blair began coverage on shares of Domo in a research note on Tuesday, July 24th. They set an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $27.00.
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.
Further Reading: Fundamental Analysis and Individual Investors
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.