Canopy Growth stock tumbles after announcing $200 million share sale plan
Investing.com - Domo (NASDAQ:DOMO) shares fell approximately 13% in after-hours trading despite reporting better-than-expected second-quarter fiscal 2026 results. According to InvestingPro data, the company currently appears overvalued based on its Fair Value analysis, with a market capitalization of $710.55 million.
JMP Securities analyst Patrick Walravens reiterated a Market Outperform rating on the company with a $20.00 price target following the earnings release. The company reported non-GAAP earnings per share of $0.02, beating consensus estimates of a $0.05 loss per share. InvestingPro data reveals that three analysts have recently revised their earnings upwards for the upcoming period, with analyst targets ranging from $9 to $21.
Revenue came in at $79.7 million, exceeding analyst expectations of $78.1 million, though this represented a 1% year-over-year decline compared to flat growth in the previous quarter. Subscription revenue reached $72.7 million, up 3% year-over-year but down from 4% growth in the prior quarter.
Billings totaled $70.3 million, surpassing the consensus estimate of $69.6 million and showing 1% year-over-year growth, though this marked a deceleration from 2% growth in the previous quarter. Long-term subscription RPO growth slowed to 19% from 24% in the prior quarter.
The stock’s after-hours decline follows a strong year-to-date performance, with Domo shares having risen 148% in 2025 before the earnings release, significantly outperforming the Russell 3000 index which has declined 10% during the same period. InvestingPro subscribers have access to 8 additional exclusive ProTips about Domo’s financial health and market performance, along with comprehensive valuation metrics and analysis.
In other recent news, Domo Inc . reported its first-ever positive non-GAAP earnings per share during its Q2 2025 earnings call, marking a significant milestone in its financial performance. The company’s earnings exceeded expectations, reflecting improved revenue and profitability metrics. Following these results, DA Davidson assumed coverage of Domo with a Neutral rating and increased the price target from $9.00 to $15.00. The research firm’s updated coverage comes in the wake of Domo’s second-quarter fiscal 2026 earnings report, which also showed better-than-expected outcomes. These developments are taking place as Domo continues to expand its AI capabilities, contributing to its improved financial standing. Investors are closely monitoring these advancements, as they highlight Domo’s evolving financial trajectory.
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