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12.03.2020 14:15:00

Did Domo Just Prove the Bears Wrong?

Domo (NASDAQ: DOMO) has been a divisive stock since its IPO in mid-2018. The cloud analytics software provider went public at $21, more than doubled to the low $40s the following March, and subsequently tumbled back to the mid-teens.The bulls were initially impressed by the disruptive potential of Domo's platform, which provides visualized data on a mobile app, and its robust growth rates. However, the bears noted Domo's growth was slowing, it was deeply unprofitable, and it faced fresh competition from tech giants like Salesforce (NYSE: CRM) and Alphabet's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google.Image source: Getty Images.Continue reading
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