Domo (DOMO) Issues Q4 2019 Earnings Guidance
Domo (NASDAQ:DOMO) updated its fourth quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $-1.27–1.23 for the period, compared to the Thomson Reuters consensus EPS estimate of $-1.39. The company issued revenue guidance of $37.5-37.9 million, compared to the consensus revenue estimate of $35.73 million.Domo also updated its FY 2019 guidance to $-8.83–8.79 EPS.
A number of research analysts have weighed in on the stock. Credit Suisse Group raised their target price on shares of Domo from $25.00 to $27.00 and gave the stock an outperform rating in a research note on Friday, September 7th. JMP Securities raised their target price on shares of Domo from $30.00 to $35.00 and gave the stock an outperform rating in a research note on Friday, September 7th. Morgan Stanley raised their target price on shares of Domo from $28.00 to $29.00 and gave the stock an overweight rating in a research note on Friday, September 7th. Finally, Zacks Investment Research raised shares of Domo from a hold rating to a buy rating and set a $23.00 target price on the stock in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Buy and an average price target of $26.43.
Domo stock traded down $0.18 during trading on Thursday, hitting $15.63. The company had a trading volume of 396,666 shares, compared to its average volume of 539,032. Domo has a 1-year low of $13.28 and a 1-year high of $28.86. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.03.
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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