Domo's Stock Plummets 24% on Mixed Q3 Results, CEO Health Issues

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Domos shares plummeted by 24% following mixed Q3 results, weaker outlook, and CEOs health issues. Revenue matched expectations but future revenue forecasts fell short. TD Cowen lowered price target from $21 to $16. Despite year-to-date gains, stock is still 50% below its peak and a $1000 investment five years ago would now be worth $191.78.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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