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SILICON SLOPES, Utah - Domo (NASDAQ:DOMO), a data analytics company with a market capitalization of $511 million and impressive 80% stock price growth over the past six months according to InvestingPro, has partnered with K-12 education data intelligence provider Burbio to integrate its embedded analytics solution into Burbio's platform, according to a press release statement.
Burbio is implementing Domo Everywhere to create dashboards that analyze unstructured school district documents including board meeting minutes, strategic plans, budgets, and spending details. The integration adds AI-powered tools that deliver contextual insights for school district initiatives. With a robust gross profit margin of 74.5% and annual revenue of $317 million, Domo has demonstrated strong operational efficiency in its data analytics solutions.
The partnership enables education stakeholders to visualize district-level purchase signals, identify districts considering specific initiatives, analyze vendor market presence, and monitor policy developments.
Burbio, which entered the K-12 market in July 2020 with its School Opening Tracker during COVID-19, measures K-12 spending, policies, and operational data to provide insights for suppliers, policymakers, investors, researchers, and advocacy groups.
"Burbio has pioneered gathering and analyzing hard-to-find industry information and organizing for customers to act on," said Burbio co-founder Julie Roche. "Domo's intuitive, flexible, and dynamic service allows us to deliver the data in an easily digestible manner to customers." According to InvestingPro analysis, Domo currently appears undervalued, with analyst price targets ranging from $9 to $17, suggesting potential upside from current levels. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
RJ Tracy, Chief Revenue Officer at Domo, stated that the collaboration demonstrates how AI can create intelligence tools in spaces with historically challenging analytics due to fragmented and unstructured data.
Burbio serves customers across various education sectors including infrastructure, technology, STEM, security, tutoring, curriculum, and staffing.
In other recent news, Domo reported a strong start to the fiscal year 2026, surpassing FactSet consensus expectations in key financial metrics such as billings, revenue, operating income and margin, and free cash flow and margin. This performance was attributed to effective pipeline building and initiatives like Domopalooza, which have been instrumental in securing deals. Following these results, Cantor Fitzgerald raised its price target for Domo to $17 from $12, maintaining an Overweight rating, while highlighting Domo's favorable Revenue Performance Obligation to Annual Recurring Revenue ratio compared to other SaaS companies. Similarly, TD Cowen adjusted their price target to $13 from $10.50, retaining a Hold rating, after discussions with Domo's CFO Todd Crane. Lake Street Capital Markets also revised its price target to $9 from $8.50, maintaining a Hold rating, as the company's first-quarter billings outperformed expectations despite a slight decline. Domo's shift towards a consumption-based sales model has shown promise, with over 70% of its Annual Recurring Revenue now stemming from this approach. The company anticipates further growth in this area, projecting a 5% increase in fourth-quarter billings for 2026 and a 10% rise for the same period in 2027.
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