3 Years Ago
1 Min Read
DOMO is on the move - down -23%. A closer look at what's happening:
Shares of Domo Inc Cl B (DOMO) are trading -23% lower at a price of $22.21 at the time of this writing. The stock is lagging peers on a slightly gloomy day for the Information Technology sector.
- Q2 Non-GAAP EPS: -$0.26, beats analyst expectations by $0.07
- Revenue: $75.5M (+20.2% Y/Y), misses by $0.9M
- Guidance: Q3 Revenue $76M-$77M vs consensus of $79.80M
- Non-GAAP Q3 net loss per share: $0.23-$0.27 vs consensus of -$0.34
- Revenue, FY: $305M-$310M vs consensus of $315.71M
- Non-GAAP, FY: loss of $0.88-$0.96 vs consensus -$1.29 based
- "In the enterprise, we experienced revenue growth of only about 10% and ACV growth of 6%, well below our overall target growth rate. The changes we made to our enterprise go to market earlier this year has not produced the results we were looking for. And in fact have led to recent rep turnover."
Domo Inc Cl B has been trading between a 52-week high of $95.5 and a 52-week low of $22.21. The stock has a market cap of $677 Million.
Domo is the Business Cloud, empowering organizations of all sizes with BI leverage at cloud scale, in record time. With Domo, BI-critical processes that took weeks, months or more can now be done on-the-fly, in minutes or seconds, at unbelievable scale.
Headlines
DOMO PT Lowered to $62 at Morgan Stanley
Investing.com 08-26-22
DOMO PT Lowered to $43 at JMP Securities
Investing.com 08-26-22
Domo, Inc. (DOMO) Q2 2023 Earnings Call Transcript
Seeking Alpha 08-25-22
Why Domo Shares Are Down 10% After Hours
Benzinga 08-25-22
Domo Non-GAAP EPS of -$0.26 beats by $0.07, revenue of $75.5M misses by $0.9M
Seeking Alpha 08-25-22
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