DOMO - Domo, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.43 (+2.72%)
As of 1:25PM EDT. Market open.
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Previous Close15.61
Bid15.97 x 1400
Ask16.06 x 800
Day's Range15.41 - 16.07
52 Week Range13.28 - 47.08
Avg. Volume830,778
Market Cap441.179M
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
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  • Some Domo (NASDAQ:DOMO) Shareholders Are Down 14%
    Simply Wall St.

    Some Domo (NASDAQ:DOMO) Shareholders Are Down 14%

    The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make...

  • We’ve Seen the WeWork Saga Before. It’s Called Domo.

    We’ve Seen the WeWork Saga Before. It’s Called Domo.

    (Bloomberg Opinion) -- The company badly needs an initial public offering to fund its cash-burning business. The chief executive is brilliant at pitching investors but also has ironclad power and milks his company to the benefit of himself and family members. Early financial backers are taking a bath on their investments.That description fits WeWork, the controversial office-leasing startup that is having a hard time with its planned IPO and may now face a boardroom fight to potentially remove its CEO. It also applied — minus the possible coup — to Domo Inc., a software company that held up in the first six months after its rocky 2018 market debut and then crashed. If those who owned shares of Domo before the IPO still have them, their investment has shriveled by as much as 86%.Each disastrous company is a disaster in its own way.(1)But Domo’s trajectory shows that even if a company built on an unsteady foundation completes an IPO, the weak spots still remain. Domo started in 2010 and was buzzy in cloistered tech circles. The founder and CEO, Josh James, helped start a marketing analysis startup called Omniture in the relatively early internet era and sold the company at a large windfall for himself and Omniture’s investors. James has said he started Domo to address a need for corporate bosses to easily keep tabs on basic metrics, such as real-time store sales or the risk of clients quitting. At Domo, James had a knack for charisma and raising money. Domo sold $700 million in stock and borrowed $100 million more. The company’s investor list and its board were stacked with respected technology startup backers including IVP, Benchmark, GGV and the investment-fund giants BlackRock and T. Rowe Price.By about 2015, Domo appeared to have trouble. Some of its investors marked down the value of shares purchased in private transactions. Last year, when Domo made its finances public for an IPO, it was eye-opening. The IPO document said that Domo needed a public stock sale or another source of cash urgently or it might have to slash costs to avoid running out of money. (A subsequent investor document toned down the urgency somewhat.) The pace of revenue gains was good but not great, and Domo was spending a fortune to grow. The filing disclosed that James had 40 times the power of other stockholders, which was notable even in this era of superpowered voting stock held by tech company founders. James had also billed Domo for use of his personal jet, and businesses part-owned by him and affiliated with two of his brothers had catered food for Domo and sold furnishings to the company. The combination of Domo’s heavy spending, precarious financial condition and the CEO’s self-dealing made me wonder how a company could have gone off the rails so badly without any apparent accountability imposed by supposedly savvy investors. It’s not an unfamiliar tale for young companies, but Domo seemed like an outlier — until WeWork took the worrying qualities of Domo to a whole other level, that is.  Like WeWork, Domo scaled back some of the financial arrangements with the CEO.(4)Its IPO got done, but not happily. Domo’s early backers had purchased stock at an effective price as high as $126.45,(2)and the company sold IPO shares at $21 each. Almost every investor who bought stock in the company’s history had nothing to show for it.Once it went public in June 2018, Domo put up quarterly results that were healthy for a while. The share price rose to a high of $44 in March. Things started to fade after that, and Domo’s stock price tumbled this month after the company cut its financial forecast and shook up its business and sales strategies.(5) Believers in Domo remain, and other young software companies haven’t figured out the right approach to selling their products. But the same red flags are still there. Domo has been spending about 77 cents in sales and marketing costs for each dollar in recorded revenue. It’s among the least efficient business software companies with its sales and marketing spending. Domo’s cash-burn rate has improved but remains high. Executives said recently that the company is committed to becoming financially self-sustaining and is willing to cut costs to get there, according to JMP Securities. That’s not the usual condition for a growth company. Investors don’t learn lessons when they should, but Domo is a cautionary tale for WeWork and others. Companies with wobbly financials, a track record of imprudent spending and a history of self-dealing don’t magically change when they go public — no matter if they are humbled by a valuation haircut or pare back some of the excesses.There are limits to the comparison between Domo and WeWork. I have never, ever seen a company like WeWork, and a potential effort to remove a founder-CEO on the eve of an IPO is an unimaginable drama.(6) But it remains a useful caution that Domo is a nine-year-old company that has not delivered anything good for investors. The company’s wayward operation and poor governance were exposed when it had to disclose them to the world.When people howl about unseemly financial arrangements with a CEO or a lack of accountability, it’s not because a company is violating a meaningless checklist of good governance. It’s because those are obvious hallmarks of companies built on weak foundations. (1) I sincerely apologize to Leo Tolstoy.(2) Domo noted that the company believed it got "favorable pricing" for James's jet and the catering and furnishings provided by his companies. That was not the point.(3) The pre-IPO stock prices have been adjusted for stock splits.(4) Like many companies priced for growth, Domo's share price has been volatile and could shoot back up just as it has crashed recently.(5) Another difference between Domo and WeWork: Domo's category of subscription software is a business model that is well understood and (for now) loved by stock market investors. No so much WeWork.To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Cloud Software Stocks Gaining Traction: 5 Join the Fray

    Cloud Software Stocks Gaining Traction: 5 Join the Fray

    Having become an integral part in every walk of life, cloud-focused tech stocks have quite easily clicked with investors.

  • Domo Enters Oversold Territory

    Domo Enters Oversold Territory

    Domo, Inc. (DOMO) has been on a bit of a cold streak lately, but there might be light at the end of the tunnel for this overlooked stock.

  • Zacks

    Knocking on the Door of New Highs

    Knocking on the Door of New Highs


    Domo Climbs After CEO Buys $1 Million of Shares

    Shares of cloud-based communication platform Domo were rising Wednesday after CEO Joshua James bought 60,000 shares of the company at an average price of $17 a share. Last week, shares of Domo dropped after the company reported a fiscal second-quarter loss that was narrower than analysts' forecasts but revenue that came up short, and issued and a less-rosy outlook for fiscal 2020.


    Domo Inc (DOMO) Founder, CEO and Chairman Joshua G James Bought $1 million of Shares

    Founder, CEO and Chairman of Domo Inc (30-Year Financial, Insider Trades) Joshua G James (insider trades) bought 60,000 shares of DOMO on 09/10/2019 at an average price of $17 a share. Continue reading...

  • Why PagerDuty, Domo, and Slack Technologies Slumped Today
    Motley Fool

    Why PagerDuty, Domo, and Slack Technologies Slumped Today

    Even on a solid day for the markets, earnings troubles hit some stocks.

  • Why Domo Stock Got Utterly Destroyed Today
    Motley Fool

    Why Domo Stock Got Utterly Destroyed Today

    Second-quarter results met or beat expectations, but Domo cut its full-year guidance.

  • Pass the Antacids for Cloud Software Stocks

    Pass the Antacids for Cloud Software Stocks

    (Bloomberg Opinion) -- How do you feel about roller coasters? The nauseating jolt of a theme park ride is a useful metaphor for stock prices of young software companies this week. The stock prices of recently public Slack Technologies Inc., PagerDuty Inc. and CrowdStrike Holdings Inc. were punished after what seemed to be good or great earnings reports. But that volatility is the price of valuations that reached stratospheric levels. Shares of CrowdStrike, a cybersecurity software company, were down about 8% on Friday after it said fiscal second-quarter revenue nearly doubled from a year ago and it raised its annual forecast. That seems like good news, but it appeared there were some worries that CrowdStrike didn’t exceed its own revenue guidance by leaps and bounds.It was a similar story for PagerDuty, Zoom Video Communications Inc. and Slack this week, when healthy growth and optimistic forecasts caused at least temporary stock sell-offs. Another cloud software company, Domo Inc., reported lackluster sales gains and a worse-than-expected outlook on Thursday, and its shares were down 32% in early trading Friday.The share prices of Slack and the other software highfliers were destined for wild swings. Stock buyers are gung ho for fast-growing young companies that sell cloud software to businesses and are paying upward of $20 or more for each dollar of expected revenue. For comparison, the median of more than 150 software firms is less than $5 for each dollar of expected revenue, Bloomberg data show.With heady share prices of young business software firms, it is inevitable that any tiny blemish risks a sell-off. That’s the high price of a high-priced stock. There are understandable reasons for investors’ willingness to pay unprecedented sums to own these relatively young business software firms. Companies like Slack, Atlassian or Veeva Systems charge companies a subscription fee to access software that can make salespeople more efficient, help cubicle workers collaborate with colleagues or automate rote tasks for information technology departments. Companies come to rely on the useful software, and the annuity-like subscription business model makes investors believe they can plot sales growing to the moon at rich profit margins. I am not yet convinced that these young software companies can grow large enough to justify the enthusiasm of their investors, particularly if an economic downturn forces companies to rationalize their technology budgets. Something real is definitely happening with software that improves companies’ or their workers’ performance, but the question as always is whether investors are paying the right price. The cost of richly valued companies’ volatile share prices isn’t measured only in antacid. Stock swings can also make a company structurally vulnerable. A few years ago, there was a mini wave of M&A activity after uneven earnings results cratered companies’ share prices and made them ripe for takeovers.That’s what happened to LinkedIn, when a bad quarter and the resulting 50% wipeout in its share price invited Microsoft and other suitors to come knocking. On the flip side, high valuations for some young software companies may be a barrier to necessary consolidation in the category. Slack, Zoom Video and CrowdStrike went public in recent months, and it takes times for valuations to settle for such recently public companies. All signs, however, are that the top-tier of cloud software companies will remain richly valued. And that brings with it the thrills and potential spills of a roller coaster. To contact the author of this story: Shira Ovide at sovide@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Schaeffer's Investment Research

    Domo Stock Options in High Demand After Forecast Flop

    DOMO stock is headed for its biggest one-day drop ever

  • Domo (DOMO) Q2 Loss Narrower Than Expected, Revenues Rise Y/Y

    Domo (DOMO) Q2 Loss Narrower Than Expected, Revenues Rise Y/Y

    Domo's (DOMO) second-quarter fiscal 2020 results benefit from solid portfolio, expanding partner base and new customer wins.

  • Domo still can’t explain what it actually is, and the stock is getting killed

    Domo still can’t explain what it actually is, and the stock is getting killed

    When Domo Inc. went public last year, it was hard to discern what the company actually does, and how executives were going to turn it into a big business. Slightly more than a year later, Domo is showing why that should have scared investors away in the initial public offering.


    [video]Domo Plunges on Revenue Miss, Guidance Cut

    The cloud software company reports a fiscal second-quarter loss narrower than analysts' forecasts but revenue that comes up short and a less-rosy outlook for fiscal 2020.

  • Domo Inc (DOMO) Q2 2020 Earnings Call Transcript
    Motley Fool

    Domo Inc (DOMO) Q2 2020 Earnings Call Transcript

    DOMO earnings call for the period ending July 31, 2019.

  • Domo, Inc. (DOMO) Reports Q2 Loss, Tops Revenue Estimates

    Domo, Inc. (DOMO) Reports Q2 Loss, Tops Revenue Estimates

    Domo, Inc. (DOMO) delivered earnings and revenue surprises of 4.00% and 1.12%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?

  • MarketWatch

    Domo stock tanks after fiscal 2020 outlook disappoints

    Shares of Domo Inc. tanked more than 30% in the extended session Thursday after the cloud computing company reported quarterly results that met expectations but called for a wider loss and less sales for the year. Domo said it lost $31.2 million, or $1.14 a share, in the second quarter of fiscal 2020, compared with a loss of $46 million, or $4.41 a share, in the year-ago quarter. Adjusted for one-time items, Domo lost $26.4 million, or 96 cents a share, compared with a loss of $3.44 a share a year ago. Revenue rose 22% to $41.7 million. Analysts polled by FactSet had expected an adjusted loss of 99 cents a share on sales of $41.7 million. For the full fiscal 2020, Domo said it expects revenue between $168 million and $169 million, and an adjusted net loss between $4 a share and $4.10 a share. The analysts surveyed by FactSet expect a loss of $3.82 a share on sales of $173.6 million for the year.

  • Benzinga

    A Preview Of Domo's Q2 Earnings

    On Thursday, September 5, Domo (NASDAQ: DOMO ) will release its latest earnings report. Here is Benzinga's outlook for the company. Earnings and Revenue Based on Domo management projections, analysts predict ...

  • Domo (DOMO) to Report Q2 Earnings: What's in the Cards?

    Domo (DOMO) to Report Q2 Earnings: What's in the Cards?

    Domo's (DOMO) second-quarter fiscal 2020 results are expected to benefit from an expanding clientele and portfolio strength.

  • Domo, Inc. (DOMO) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

    Domo, Inc. (DOMO) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

    Domo, Inc. (DOMO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Need To Know: Domo, Inc. (NASDAQ:DOMO) Insiders Have Been Selling Shares
    Simply Wall St.

    Need To Know: Domo, Inc. (NASDAQ:DOMO) Insiders Have Been Selling Shares

    It is not uncommon to see companies perform well in the years after insiders buy shares. Unfortunately, there are also...

  • AI Stocks: Here’s Your Chance to Make 100 Times Your Money

    AI Stocks: Here’s Your Chance to Make 100 Times Your Money

    There's an old business joke about a down-and-out entrepreneur who is asked how he went bankrupt.Source: Shutterstock "Gradually," he replies. "Then suddenly."So much of the change in our lives is of the "gradually, then suddenly" variety. A long series of tiny, gradual changes alter our world, yet we barely notice them … until we wake up one day and realize a massive change has taken place.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor example, a toddler changes a little bit every day. The changes are hard to notice … and then the parent wakes up one day and that chubby toddler is a skinny "big kid" off to kindergarten. Or, you might be one of the hundreds of millions of people who started checking your new smartphone a tiny bit more every day … and then you woke up one day and realized you're addicted to the darn thing and on it all the time.I'm bringing up the "gradually, then suddenly" phenomenon with you today because of money.Right now, one of the world's most powerful, most transformational technologies is just starting to change the world in amazing ways. The radical change it will create in the future will be one of the greatest wealth building opportunities of your life. I'm talking about an "internet-sized" or an "Amazon-changes-retail-sized" opportunity to multiply your money many times over.Play this opportunity right, and you'll be able to retire much earlier than you thought possible … or be able to buy that home on the water with cash.Unfortunately, many people will miss this once-a-decade opportunity. That's because the transformational change this technology is creating is hard to spot. But trust me, one day millions of people just like you will wake up and realize the way we shop, travel, work, and play has massively changed … and they let the opportunity slip by.Don't be one of them.Here's a summary of the epic opportunity in front of you … Why Everything Is About to Get Easier and More EfficientHow much time did Excel save the human race?A billion years? Ten billion years?Microsoft originally marketed a spreadsheet program called Multiplan in 1982. This project morphed into Excel, the first version of which was introduced in 1985. Excel is now the world's most popular spreadsheet software. It has saved us stupendous amounts of time by allowing us to automate calculations and financial analysis … instead of doing single calculations by hand. One person running Excel can do the work of a million accountants from days past.That's the power of software.Over the past 40 years, software has created an explosion of efficiency and human productivity. Healthcare, education, transportation, manufacturing, energy production, food production, retail, banking, you name it -- software programs have allowed us to do it much more efficiently. The equivalent of Excel saving us a billion hours of tedious work has occurred across all industries.Given all the time, money, and frustration software has saved us -- and all the value it has created for individuals and businesses -- it's no wonder software leader Microsoft reached the mythic market valuation of $1 trillion in 2019.It's also no wonder software investors have made more than 18,000% in business software leader Oracle … more than 4,000% in marketing software leader … more than 8,100% in PDF software leader Adobe Systems … and more than 34,000% in Microsoft (that's a 3,401-bagger return).As advanced as software has become … as much time and frustration it has saved the human race … you ain't seen nothing yet. Software as we know it is about to take a quantum leap in power and usefulness. That leap is thanks to artificial intelligence. Artificial Intelligence in a NutshellBy now, most people know the basics of artificial intelligence. In a nutshell, "AI" is extremely powerful software running on extremely powerful computers. Our hardware and software is becoming so powerful that computers are starting to think for themselves. The implications are incredible … and economically, they run into the trillions of dollars.AI will create value for individuals and businesses and change the world just like conventional software has … only in a bigger way. It will lead to stock market gains in the 4,000%-34,000% range, just like conventional software has.When I talk about the once-in-a-decade investment opportunity that is AI, I often get shrugs. Although AI is interesting -- and the stocks related to it have 100-bagger potential -- most people don't see it at work every day in their lives.However, AI is already in your life. Right now, it is in the "stealth change" stage … making tiny gradual changes every single day. For example …***Uber uses AI to dispatch drivers and link them with customers.***Amazon uses AI to recommend potential purchases to you.***Facebook uses AI to arrange and customize its news feeds.***The world's largest investment firms are using AI to create and manage stock portfolios.***Airlines use AI to land planes.***Dating sites like use AI to help people find potential soulmates.***Healthcare firms are using AI to scan DNA, blood, and other test results to spot problems with greater accuracy than human experts.***Recruiting firms are using AI to sift through resumes and job applications and recommend the best candidates. No humans needed.***Tesla's cars use AI for self-driving functions.I could go on to list 100 more major AI uses, but you get the idea. AI is already being used to save us money, time, and frustration. For many people, AI is nowhere … and everywhere. And one day, we'll wake up and realize it has massively changed our world.As an investor who knows how software's ability to save us money, time, and frustration can lead to 100-fold investment gains, I'm so bullish on AI that I'm foaming at the mouth.AI could allow the U.S. to save hundreds of billions of dollars in healthcare costs. It will lower the price of electricity and food. In manufacturing, AI will anticipate needed machine fixes, improve assembly line efficiency, and accelerate the product design process. The savings here run into the hundreds of billions of dollars.Every business in every sector will benefit from AI. Conventional software made us more efficient and lowered prices. AI will do the same. How Can I Invest in AI?Just like the early changes AI is creating, AI stocks are tough to spot for the untrained eye. Many of the biggest AI innovations are occurring inside the walls of giant technology firms like Alphabet (NASDAQ:GOOGL), Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and IBM (NYSE:IBM).While I believe AI could spur Alphabet and Amazon to all-time highs in profits and market value appreciation, at gigantic market caps north of $750 billion, those two companies are very unlikely to grow 10X, 20X, or 30X their current size.You can also consider companies involved in manufacturing computer memory. Smart computers must have enormous amounts of memory to store all the things they learn. Memory storage firm Micron (NASDAQ:MU) is worth a look here.However, my preferred way to play AI is through what I call "AI stocks in disguise." That's my term for small- and mid-cap software companies using AI to improve and transform their product lineups. Some interesting names to check out are Upland Software (NASDAQ:UPLD), Domo (NASDAQ:DOMO), and Model N (NYSE:MODN).I know, I know … "software" doesn't sound all that exciting.But if you held a gun to my head and forced me to pick just one kind of business to invest in for the next 20 years, I'd probably pick software.I understand why this concept doesn't make people immediately sit up and take notice. A piece of software isn't tangible. It's not something you can easily explain or hold in your hand. It's basically a set of computer instructions. From a "wow factor" point of view, a software program can't compete with a beautiful smartphone or a Tesla sports car. Being a shareholder of software companies isn't something most folks rave about during cookouts and cocktail parties.But it should be.I've been analyzing and owning businesses for over two decades now. I've analyzed every kind of business under the sun. I like to think I've accumulated a great deal of experience and know how. And I have to tell you, I love the software business.I love the software business for the same reason I prefer a home cooked meal made with fresh ingredients over a McDonald's meal: I prefer -- and appreciate -- great quality.Software businesses are among the most profitable, highest-quality businesses on Earth. Plus, their products and services can massively improve our lives. A great software program can help you make smart business decisions, find travel deals, streamline business communication, and get a cheap ride home.The use of software can allow a business to double and triple its profits. Software has massively improved our ability to communicate, share information, transact, gather data, and analyze data.Software businesses employ the power of scalability in a way few other businesses can match. Scalability is the ability of a business to massively grow revenues while minimally growing the costs associated with producing those revenues.For example, a lawn-mowing business is not scalable. If you own a lawn-mowing business and want to double in size, you'll have to buy twice as many lawn mowers as you have now, and you'll have to hire twice as many lawn-mower operators as you have now. Because of this, your revenue cannot soar far beyond your costs.On the other side of the spectrum, you have software businesses.Once you spend the money to create a useful software product or service, you can sell copies of it to the whole world at very little additional cost. This often leads to giant profit margins and giant market value appreciation.It took a lot of work in the early days to create the technologies and businesses behind software leaders like Microsoft and Oracle. But once they were created, these two businesses could add new users and increase their revenues much faster than they increased costs. Their market values exploded higher as a result.You'd be hard pressed to find a business that has generated more giant stock market winners that occurred in relatively short time periods of time as the software business. You could think of the software industry as a college sports team that produces more future All-Stars than any other college team. Maybe there's something in the water (hint: it tastes like scalability).It's one thing for me to tell you about the power of the software business model. But let me show you its power as well.Below is a chart that plots the performance of iShares Expanded Tech-Software ETF (BATS:IGV) (blue line), versus the performance of the benchmark S&P 500 index (orange line) since 2014. The S&P is up 52% over the past five years. The software ETF -- full of scalable, high-profit margin stocks -- is up 170% during the same time … over triple the broad market's gains.Thanks to the emerging power of AI, I believe the world of small- and mid-cap software stocks will prove to be a major breeding ground for future 10X stock market winners. I have no doubt some of the elite firms will rise more than 100-fold … just like the software leaders that emerged in the 1990s did. Summing UpGradually… then suddenly.That's how many of the biggest changes in our world occur. That's how I believe most people will view the massive change AI brings.Just like conventional software saved us massive amounts of time, money, and frustration, AI will do the same. Just like conventional software drove some elite firms to 100X-plus stock gains, AI will do the same. I encourage you to see it as one of the greatest wealth building opportunities of your life. Don't let it pass you by.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post AI Stocks: Here's Your Chance to Make 100 Times Your Money appeared first on InvestorPlace.

  • Worst Day of the Year as China Punches Back

    Worst Day of the Year as China Punches Back

    Worst Day of the Year as China Punches Back

  • 3 Small-Cap Stocks to Buy That Could Be the Next Amazon

    3 Small-Cap Stocks to Buy That Could Be the Next Amazon

    [Editor's note: "3 Small-Cap Stocks to Buy That Could Be the Next Amazon" was previously published in May 2019. It has since been updated to include the most relevant information available.]When it comes to tech stocks, most investors think bigger is better. They believe the FANGs or dot-com survivors such as Microsoft (NASDAQ:MSFT) and Cisco (NASDAQ:CSCO) are the way to go in the sector. And there is some truth to that feeling. After all, these giants still produce billions in revenues, cash flows and profits. Heck, some of these giant tech stocks even pay hefty dividends these days.However, bigger may not be better. This is especially true when it comes to tech stocks.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe truth is, the big boys aren't the always the ones dominating their respective technology subsectors. In fact, there are many small- and mid-cap tech stocks that are the leaders. Moreover, they offer a bigger opportunity to find above-average growth in both revenues and profits. And they are able to grow their share prices much faster than the bigger tech stocks as well. After all, doubling a $1 billion market cap is much easier than a $1 trillion one. * 7 Stocks to Buy That Save You Money For investors, the reality is, going small in the technology sector could be really smart and pay-off over the long haul. Here are the best three small-cap tech stocks to buy. Small-Cap Tech Stock to Buy: Domo Inc (DOMO)Source: Shutterstock Market-Cap: $827 millionThere's no secret that cloud computing is huge these days as Software as a Service (SaaS) platforms have become the rage with businesses. The problem is, there's just so many of these firms. How do you analyze data from your Salesforce (NASDAQ:CRM) applications and Amazon (NASDAQ:AMZN) AWS services at the same time?The answer is small-cap tech stock Domo (NASDAQ:DOMO).Recently IPO'd unicorn tech-stock DOMO provides analytic data solutions for the cloud. The best part is that it isn't trying to compete with the big tech names, but ties them together to provide customers the ability to get to the big picture. This strategy seems to be working, DOMO has more than 1,500 customers. And those customers are spending some big bucks for the firm's tech. In Domo's Q2, its billings rose 35% year-over-year and its total revenues grew by 31%.Analysts expect that DOMO will continue to see continued success as more firms look to query their data across various platforms. And as the linkage between these platforms, the firm should be able to score additional customers and increase its offerings to existing ones. And yet, the firm still has only a $800 million market cap. That leaves it plenty of room for capital appreciation. Small-Cap Tech Stock to Buy: Box (BOX)Market-Cap: $2.49 billionThe collaborative workplace is here. Managing documents, products and other content across various locations and workers is now the norm for many businesses. Cloud computing specialist Box (NASDAQ:BOX) is facilitating that trend.BOX offers a variety of apps and programs designed to help businesses facilitate collaboration and storage of everything from emails to jpg files. The idea is that work can flow between customers and employees of the firm -- all on a secure network/platform. Enterprise seems to be keen on the idea -- with BOX courting major customers like General Electric (NYSE:GE) and AstraZeneca (NYSE:AZN). As a result, BOX has experienced some torrid growth over its history. Since 2016, the firm has experienced a 23% compound annual growth rate in its revenues. Moreover, the firm has posted positive cash flows for the last five quarters.And the gains can keep coming. BOX is currently working to score more contracts with the Federal Government to help with record safe-keeping and digitizing the government's workload. * 7 Stocks to Buy That Save You Money Now could be the best time to strike on BOX shares. Poor guidance -- thanks to the length of time it takes to score those government contracts -- has pushed down shares. But with a huge customer base as well as overall long-term growth, BOX seems poised to win and looks like one of the best tech stocks to buy. Small-Cap Tech Stock to Buy: Etsy Inc (ETSY)Source: Meaghan O'Malley via Flickr (Modified)Market-cap: $8.5 billionBrand recognition is key when it comes to internet properties. And when it comes to hand-made, art and one-of-one objects, Etsy (NASDAQ:ETSY) is the leader. This even Amazon hasn't been able to compete in this arena.And it turns out, that brand is worth a lot.ETSY has now seen its eighth consecutive quarter revenue growth. And while that revenue growth did slip a bit in Q1, this shouldn't worry investors. Partly because Etsy's profits and margins have actually increased. The reason is that ETSY doesn't store inventory, it just serves as middle-man to facilitate transactions between craftspeople and buyers. And its moat and brand-name make it the go-to website to do that.Additionally, ETSY has been adding additional services to its menu of options. This includes promotion for sellers, facilitating transactions/personalized website design via its Pattern initiatives and more. As ETSY leans more on these products, revenues should once again resume and continue their pace of growth.In the end, ETSY has positioned itself to be one of the top online merchants and tech stocks. With a market cap of only $8.5 billion, there's plenty of potential down the road -- even buyout potential.Disclosure: At the time of writing, Aaron Levitt was long AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Oversold Stocks To Buy Right Now * 7 Stocks to Buy Upgraded by Wall Street * 7 Marijuana Stocks With Critical Levels to Watch The post 3 Small-Cap Stocks to Buy That Could Be the Next Amazon appeared first on InvestorPlace.

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