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Why Domo Stock Rocked the Market in May
Data analytics specialist Domo's (NASDAQ: DOMO) stock took off like a rocket in May, particularly after the company posted the results of its inaugural quarter of fiscal 2026 near the end of the month. Investors piled into the stock, with the bullish momentum getting a little extra fuel with a spate of analyst price target bumps. During the month, Domo's shares surged nearly 71% higher, according to data provided by S&P Global Market Intelligence.For its first three weeks, May was actually rather uneventful and unexciting for Domo. That changed on May 21, when the company posted those first-quarter results just after market close. Total was almost entirely unchanged from the same period one year ago, at a shade over $80 million, while in a more positive development non-GAAP (adjusted) net loss narrowed to $3.6 million ($0.09 per share) from the first quarter of fiscal 2025's $12.3 million deficit. Domo's fiscal first quarter ended on April 30.Image source: Getty Images.Continue reading
Data analytics specialist Domo's (NASDAQ: DOMO) stock took off like a rocket in May, particularly after the company posted the results of its inaugural quarter of fiscal 2026 near the end of the month. Investors piled into the stock, with the bullish momentum getting a little extra fuel with a spate of analyst price target bumps. During the month, Domo's shares surged nearly 71% higher, according to data provided by S&P Global Market Intelligence.
For its first three weeks, May was actually rather uneventful and unexciting for Domo. That changed on May 21, when the company posted those first-quarter results just after market close. Total was almost entirely unchanged from the same period one year ago, at a shade over $80 million, while in a more positive development non-GAAP (adjusted) net loss narrowed to $3.6 million ($0.09 per share) from the first quarter of fiscal 2025's $12.3 million deficit. Domo's fiscal first quarter ended on April 30.
Image source: Getty Images.
