Domo (DOMO) Surges 8.1%: Is This an Indication of Further Gains?

Domo DOMO shares rallied 8.1% in the last trading session to close at $7.18. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 18.8% loss over the past four weeks.The optimism surrounding the stock is largely driven by demand for its business intelligence tools. The company has shown a strong focus on cost discipline and margin improvement resulting in robust margins. Its investments in product innovation, especially in AI and enterprise scalability, are driving increased customer engagement and long-term growth potential.This company is expected to post quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of +39.4%. Revenues are expected to be $77.89 million, down 2.8% from the year-ago quarter.Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.For Domo, the consensus EPS estimate for the quarter has been revised 10.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on DOMO going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Domo is part of the Zacks Internet - Software industry. Opendoor Technologies Inc. OPEN, another stock in the same industry, closed the last trading session 4.3% higher at $1.03. OPEN has returned -17.7% in the past month.For Opendoor Technologies, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at -$0.12. This represents no change from what the company reported a year ago. Opendoor Technologies currently has a Zacks Rank of #3 (Hold).Only $1 to See All Zacks' Buys and SellsWe're not kidding.Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent.Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators,and more, that closed 256 positions with double- and triple-digit gains in 2024 alone.See Stocks Now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Domo, Inc. (DOMO): Free Stock Analysis Report Opendoor Technologies Inc. (OPEN): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks