Domo (DOMO) Updates FY 2019 Earnings Guidance
Domo (NASDAQ:DOMO) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share guidance of $-8.83–8.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-9.53. The company issued revenue guidance of $140.6-141 million, compared to the consensus revenue estimate of $136.92 million.Domo also updated its Q4 guidance to ($1.27)-($1.23) EPS.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Domo from a buy rating to a hold rating in a research report on Wednesday, November 7th. Credit Suisse Group increased their price target on shares of Domo from $25.00 to $27.00 and gave the stock an outperform rating in a research report on Friday, September 7th. Morgan Stanley increased their price target on shares of Domo from $28.00 to $29.00 and gave the stock an overweight rating in a research report on Friday, September 7th. Finally, JMP Securities increased their price objective 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $26.43.
Shares of NASDAQ DOMO opened at $20.40 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.03. Domo has a 1 year low of $13.28 and a 1 year high of $28.86.
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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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