|Bid||24.77 x 1000|
|Ask||0.00 x 1000|
|Day's Range||24.40 - 24.96|
|52 Week Range||14.80 - 47.08|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The massive volumes of information being generated and used by businesses today for informed decision making have fueled the booming business of data analytics and Big Data companies.
The 700+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the third quarter, which unveil their equity positions as of September 30. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive […]
(Bloomberg) -- High-multiple software stocks have struggled over the past few months as analysts reassess their growth prospects and valuations, and the group could see additional weakness in 2020, creating an environment where more-defensive legacy names are more favored, analysts said on Wednesday.“There is a greater level of concern that the global economy could enter into a recessionary environment next year,” wrote Gregg Moskowitz, an analyst at Mizuho Securities. As a result, “there may be an increased risk of a rotation to value stocks that could cause multiple compression among higher growth companies.”Despite a potential risk to stock multiples, the firm expects software demand to remain robust next year, particularly in the sub-sectors of cybersecurity and cloud computing. It added that “barring a significant recession,” many companies would “navigate these issues very well,” and views both Microsoft Corp. and Salesforce.com Inc. as well positioned.Salesforce was also singled out by Cowen, which named the company as one of its “best ideas” for 2020.Next year “could prove to be a volatile year for higher multiple stocks given trends we’ve seen over the last few months,” Cowen analyst J. Derrick Wood wrote. In contrast, he said, Salesforce looks like “an attractive defensive growth investment,” given its lower valuation and “positioning around high growth/high value segments of software.”A basket of high-multiple software stocks tracked by Goldman Sachs fell as much as 2.6% on Wednesday, and the index was on track for its sixth straight decline, its longest streak of declines since October 2018. Even with the recent decline, the index remains up more than 40% in 2019.Among the names falling on Wednesday was Slack Technologies, down over 6%, Coupa Software, off about 4% and Zscaler, which fell 3.5% despite bullish commentary from BofA. Atlassian Corp. sank 5.7%, while Domo Inc. was off 4.2%. Cornerstone OnDemand and HubSpot each fell more than 3%. Separately, Zendesk fell 1.7%, on pace for a fifth straight decline.UBS analyst Jennifer Swanson Lowe on Wednesday wrote that small- and mid-cap software-as-a-service companies were “working through the bumps,” even as the overall demand environment for software was “healthy” going into the end of the year.The comments followed a UBS conference, where companies like Zendesk, Hubspot and Domo “highlighted strong secular demand trends, but also scaling challenges,” according to a report. Lowe added that software pertaining to security, cloud computing and automation were among the categories with “strong market momentum.”A key catalyst for the software sector will come Thursday afternoon, when Adobe Inc. is scheduled to report its fourth-quarter results. In focus is whether the company is able to maintain revenue growth above 20%; Wall Street is currently expecting growth of 21%, according to data compiled by Bloomberg.“How investors react to Adobe’s earnings and commentary could presage how software companies and their underlying stock prices will behave in 2020,” wrote Richard Davis, an analyst at Canaccord Genuity.He said the 20% growth threshold “has taken on a near mythical importance,” and suggested that if companies fail to maintain this level, investors may start “changing their tune” on whether they are comfortable with growth that doesn’t come with operating leverage.To contact the reporter on this story: Ryan Vlastelica in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Steven Fromm, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Domo, Inc. (DOMO) delivered earnings and revenue surprises of 16.67% and 6.59%, respectively, for the quarter ended October 2019. Do the numbers hold clues to what lies ahead for the stock?
Domo Inc. shares soared 20% in the extended session Thursday after the cloud software company reported a narrower-than-expected loss and higher sales in its fiscal 2020 second quarter. Domo said it lost $29.1 million, or $1.05 a share, in the quarter, compared with a loss of $33 million, or $1.24 a share, in the year-ago period. Adjusted for one-time items, Domo lost $23.6 million, or 85 cents a share, in quarter, compared with a loss of $27.9 million, or $1.06 a share, a year ago. Revenue rose 22% to $44.8 million. Analysts polled by FactSet had expected an adjusted loss of $1.02 a share on sales of $41.8 million. Domo said it expects full fiscal 2020 revenue in a range between $172.2 million and $173.2 million and an adjusted per-share net loss between $3.88 and $3.92. The analysts surveyed by FactSet expect an adjusted full-year loss around $4.06 a share on sales of $172 million.
Verizon (VZ) collaborates with Domo and Amazon Web Services to create a cost-effective IoT driven technology for enterprise customers to track assets and boost operational efficiencies.
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.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
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.
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...