- Shares of Domo have rallied ~30% this year, outstripping most of its small/mid-cap growth software peers.
- Investors have cheered Domo's substantial gains in profitability, as the company is now roughly breakeven in FCF and nearly so on a pro forma operating margin basis.
- At the same time, the company has been able to hold onto >20% y/y growth, a result of continued investment into its sales staff.
- At the same time, Domo's ~10x forward revenue multiple already fairly values this company for its merits.
For further details see:
Domo: No Catalysts To Take It Higher