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Is Domo Stock a Buy Now?

TheMotleyFool

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Domo (NASDAQ: DOMO) posted its fourth-quarter earnings report on March 1. The cloud-based data visualization company's revenue rose 23% year over year to $70 million, beating analysts' estimates by $2.9 million. But its adjusted net loss widened from $9.8 million to $13.6 million, or $0.41 per share, which missed analysts' expectations by a penny.

Domo's stock dipped after the mixed report, and it remains more than 50% below its all-time high of $98.35, which it hit just last August. Should investors consider buying some shares of Domo after that steep decline?

Image source: Getty Images.

Source Fool.com

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