Domo, Inc. (NASDAQ: DOMO) 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.
On December 6, 2018, DOMO released its Q3 earning report. The results and outlook topped Wall Street estimates. The company reported a third-quarter loss of $32.5 million, or $1.24 a share, compared with a loss of $43.9 million, or $27.27 a share, in the year-ago period. The adjusted loss was $1.06 a share. Revenue rose to $36.8 million from $28.3 million in the year-ago quarter. The company shares have gained significantly since the announcement.
December 4, 2018. Domo® has been named a Gold winner as the Enterprise Product of the Year in the software category by the Best in Biz Awards. Domo is designed to help business decision makers across organizations – from the CEO to the frontline worker – transform the way they manage their business. Domo connects all a company’s data, people and systems to create a digitally connected organization, empowering anyone across the business to run their business from their phone. https://finance.yahoo.com/news/domo-wins-gold-enterprise-product-220000665.html
Our members have booked up to 800% with our recent well timed (2018) NASDAQ and NYSE small cap reports. We will be initiating coverage on another exciting small cap security within the next ten days (December 11th-20th, 2018). Stop missing out on stocks that run, receive our reports in real time on your cell phone, text the word “Traders” to “25827”
View our recent picks, track record, long term biotech picks and sign up for our real time, low float and breakout mobile/text alerts here – https://tradersnewssource.com/traders-news-source-new-members/
Domo changes data from a currency to be banked into the fuel that drives business. Domo puts all of a business’s data to work for employees throughout the company.
Bring your data together
Real-time data refresh
Drag-and-drop data prep
With 500+ data connectors, you can easily bring in data directly from any 3rd party source—cloud, on-prem, and proprietary systems.
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. The company also offers a Programmatic Revenue Solution that brings complex data from ad servers and sell-side platforms into a set of cards and dashboards built on practices in the ad tech industry. The company was formerly known as Domo Technologies, Inc. and changed its name to Domo, Inc. in December 2011. Domo, Inc. was founded in 2010 and is headquartered in American Fork, Utah.
7 Wall Street analysts have issued ratings and price targets for Domo in the last 12 months. Their average twelve-month price target is $27.00, suggesting that the stock has a possible upside of 29.57%. The high price target for DOMO is $35.00 and the low-price target for DOMO is $20.00. There are currently 1 hold rating and 6 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Date Brokerage Action Rating Price Target
9/7/2018 Credit Suisse Group Boost Target Outperform $25.00 ➝ $27.00
9/7/2018 Morgan Stanley Boost Target Overweight $28.00 ➝ $29.00
9/7/2018 JMP Securities Boost Target Outperform $30.00 ➝ $35.00
7/24/2018 Cowen Initiated Cover Outperform $27.00 High
7/24/2018 William Blair Initiated Cover Outperform
7/24/2018 UBS Group Initiated Cover Neutral $20.00
7/13/2018 Susquehanna Banc Initiated Cover Positive $24.00
Fiscal Third Quarter Results:
Total revenue was $36.8 million, an increase of 30% year over year
Subscription revenue represented 83% of total revenue
Billings were $38.8 million or 29% year-over-year growth
Subscription gross margin was 73% compared to 60% in Q3 fiscal 2018
GAAP operating margin improved by 73 percentage points year over year
Non-GAAP operating margin improved by 77 percentage points year over year
GAAP operating expenses decreased 10% year over year
Non-GAAP operating expenses decreased 14% year over year
GAAP net loss was $32.5 million, and GAAP net loss per share was $1.24, based on 26.3 million weighted-average shares outstanding
Non-GAAP net loss was $27.9 million, and non-GAAP net loss per share was $1.06, based on 26.3 million weighted-average shares outstanding
Cash and cash equivalents were $206.0 million
Stock influences and risk factors
They have been growing and expect to continue to invest in growth for the foreseeable future. If they fail to manage this growth effectively, the business and operating results will be adversely affected.
Their ability to raise capital in the future may be limited, and if they fail to raise capital when needed in the future, they could be prevented from growing or could be forced to delay or eliminate product development efforts or other operations.
They face intense competition, and may not be able to compete effectively, which could reduce demand for their platform and adversely affect business, growth, revenue and market share.
The loss of one or more of their key customers, or a failure to renew subscription agreements with one or more key customers, could negatively affect their ability to market their platform.
On Monday, December 10, 2018, DOMO shares were at $21.16 on traded volume of 762K shares. The current RSI (14) is 70.47.
At $21.16, DOMO shares are trading above their 50 DMA of $17.28.
Traders News Source is a wholly owned subsidiary of Traders News Source LLC, herein referred to as TNS LLC.
Traders News Source has not been compensated for this report by anyone and the opinions if any are that of the author Vikas Agrawal, CFA. Author’s Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I, wrote this article myself, and it expresses my own opinions. I have no business relationship with any company whose stock is mentioned in the article.
This web site, published by TNS LLC, and is an investment newsletter that is built on the premise of assisting individual investors in learning about investing. Our goal as publishers of financial information is to provide research and analysis of investments to our subscribers. TNS LLC does not give buy or sell recommendations. We do purchase distribution rights from analyst, financial writers and bloggers for a fee that may be licensed to issue price targets and recommendations. Furthermore, we encourage you to speak to a licensed professional prior to making an investment in any type of publicly traded security.
We do sell advertising to other companies including brokerage firms, web sites, publicly traded issuers, investor relations firms, and investment publications, among others. TNS LLC makes no warranty as to the policies of these organizations, and in no way endorses their offers, services, or the content of their advertisements.
When an advertiser is a publicly traded company or a third party acting on behalf of a public company, we fully disclose all compensation in the email advertisement. Such disclosure is included in a disclosure statement in each of the advertisements sent via email.
Our reports/releases are a commercial advertisement and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The disclaimer is to be read and fully understood before using our services, joining our site or our email/blog list as well as any social networking platforms we may use.
PLEASE NOTE WELL: TNS LLC and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever.
Release of Liability: Through use of this website viewing or using you agree to hold TNS LLC, its operator’s owners and employees harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damage (monetary or otherwise), or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. TNS LLC encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and TNS LLC makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. None of the materials or advertisements herein constitute offers or solicitations to purchase or sell securities of the companies profiled herein and any decision to invest in any such company or other financial decisions should not be made based upon the information provide herein. Instead TNS LLC strongly urges you conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D.
TNS LLC is compliant with the Can Spam Act of 2003. TNS LLC does not offer such advice or analysis, and TNS LLC further urges you to consult your own independent tax, business, financial and investment advisors. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled.
The Private Securities Litigation Reform Act of 1995 provides investors a ‘safe harbor’ in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact may be “forward looking statements”. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as “projects”, “foresee”, “expects”, “will”, “anticipates”, “estimates”, “believes”, “understands”, or that by statements indicating certain actions & quote; “may”, “could”, or “might” occur.
Understand there is no guarantee past performance will be indicative of future results. In preparing this publication, TNS LLC has relied upon information supplied by its customers, publicly available information and press releases which it believes to be reliable; however, such reliability cannot be guaranteed. Investors should not rely on the information contained in this website. Rather, investors should use the information contained in this website as a starting point for doing additional independent research on the featured companies. The advertisements in this website are believed to be reliable, however, TNS LLC and its owners, affiliates, subsidiaries, officers, directors, representatives and agents disclaim any liability as to the completeness or accuracy of the information contained in any advertisement and for any omissions of materials facts from such advertisement. TNS LLC is not responsible for any claims made by the companies advertised herein, nor is TNS LLC responsible for any other promotional firm, its program or its structure.