|Bid||31.82 x 1100|
|Ask||31.90 x 1800|
|Day's range||30.60 - 34.57|
|52-week range||10.16 - 44.02|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
For the fourth quarter of its fiscal 2023, which ended on April 30, the artificial intelligence (AI) enterprise software company's revenue stayed nearly flat year over year at $72.4 million, but still surpassed analysts' expectations by $1 million. The company narrowed its adjusted net loss from $22.6 million in the year-ago period to $15.2 million, or $0.13 per share, which cleared the consensus forecast by $0.04 per share. For the full fiscal year, C3.ai's revenue rose 6% to $266.8 million as it narrowed its adjusted net loss from $76.7 million to $46.4 million, or $0.42 per share.
The company sells its AI application-development platform and its suite of AI applications to large enterprises, which means long sales cycles and hefty spending on sales and marketing. Revenue was unchanged from the prior-year period, net loss worsened, and the company guided for a sequential revenue decline in the first quarter of fiscal 2024. Despite this increased interest, the company expects sluggish revenue growth in fiscal 2024.
During a banner month for AI stocks, C3.ai (NYSE: AI) was among the big winners, jumping a whopping 125%, according to data from S&P Global Market Intelligence. C3.ai stock, which has been volatile all year, jumped on a better-than-expected preliminary earnings report; it concluded its short-seller investigation without finding any wrongdoing and got another tailwind when Nvidia gave much better guidance than expected for the second quarter, showing investors that demand for AI chips is soaring. Most of the stock's gains in the second half of the month after the earnings report, and it then soared following the Nvidia news.
As the trading day comes to a close, Yahoo Finance Live breaks down the top tickers of the day, including Lululemon, SentinelOne, and AI stocks such as Nvidia and C3.ai.
Fool.com contributor and finance professor Parkev Tatevosian analyzes C3.ai's (NYSE: AI) latest financial results and answers whether the stock is a buy right now. *Stock prices used were the afternoon prices of May 31, 2023.
For four long days, shares of eponymous artificial intelligence stock C3.ai (NYSE: AI) have gone nowhere but down, falling another 3.3% in morning trading on the NYSE Friday, 11:15 a.m. ET -- and losing nearly 24% from Tuesday's close. Or at least it seemed positive, with investment banks Bank of America, Canaccord, JMP Securities, Morgan Stanley, Piper Sandler, and Wedbush all lining up to raise price targets on the company after it beat earnings on Wednesday.
C3.ai's (AI) fourth-quarter fiscal 2023 revenues gain from the rapid adoption of its generative AI architecture and expanding partner base.
Here is your Pro Recap of the biggest analyst picks you may have missed since yesterday: upgrades at C3.ai, Chevron, Domino’s Pizza, and The Trade Desk. Wedbush upgraded C3.ai (NYSE:AI) to Outperform from Neutral and raised its price target to $50.00 from $24.00 following Q4 earnings, as InvestingPro reported in real time. Furthermore, Wedbush noted that the company is in a unique position to help lead the charge and monetize this looking ahead the next 12 to 18 months.
Two tech stocks receiving considerable attention from Wall Street going into their quarterly reports yesterday were Salesforce (CRM) and C3.ai (AI).
The provider of enterprise AI software has failed to reap the financial rewards of the AI revolution.
As the pull back in consumer spending continues to impact retailers, the Yahoo Finance Live team takes a look at shares of Macy's, Dollar General, and Nordstrom. Shifting to the auto industry, EV maker Lucid's stock dropped after announcing a new stock offering. On the AI front, C3.ai shares plunged after the company issued a disappointing outlook.
(Bloomberg) -- Retail traders are riding the wave of AI mania that’s swamped Wall Street, looking beyond Nvidia Corp. and C3.ai Inc. for the next stocks to pop.Most Read from BloombergChina Is Drilling a 10,000-Meter-Deep Hole Into the EarthInside the Making of Redfall, Xbox’s Latest MisfireDebt-Limit Deal Clears Congress, Ending Threat of US DefaultWall Street Banks Are Using AI to Rewire the World of FinanceApple Plans Major Retail Push With New Stores Across China, US“FOMO looks to be kicking
C3.ai shares plummeted after its outlook missed estimates. Yahoo Finance Tech Editor Dan Howley breaks down the company's latest earnings. Howley also discusses the run in AI stocks, including some names to know if you some of them may be too expensive for an investor's budget.
The provider of enterprise artificial intelligence (AI) software solutions released quarterly results that illustrated its continuing struggles, even as the rapidly accelerating adoption of all things AI has lifted much of the sector in recent months. For its fiscal 2023 fourth quarter (ended April 30), C3.ai generated revenue of $72.4 million, which was flat year over year -- even in the face of the ongoing AI boom.
C3.ai shares were punished by investors on Thursday after the company failed to deliver the kind of blowout numbers recently reported by some peers in the AI race.
C3.ai shares have benefited from the AI hype. But that may not be the case anymore. The AI developer's shares plunged after posting weaker-than-expected full-year guidance. Yahoo Finance Live discusses the stock's selloff.
Stock index futures were up modestly on Thursday morning after the vote late last night, and investors also kept a watch on interest rates to see what a potential massive issuance of new Treasury debt might do to the financial system. Both C3.ai (NYSE: AI) and Salesforce (NYSE: CRM) have announced plans to lead the artificial intelligence revolution forward, yet neither company was able to reassure its investors that it will be able to sustain the growth rates that many have hoped to see. Shares of C3.ai dropped 19% early Thursday morning.
The enterprise AI software company's quarterly results beat Wall Street's revenue and earnings estimates.
(Reuters) -Shares of C3.ai Inc dropped 13% on Thursday after the software maker's disappointing quarterly revenue forecast dented some of the recent euphoria around artificial intelligence-linked stocks. Most other AI-related small-cap stocks also fell, with analytics firm BigBear.ai, conversation intelligence firm SoundHound AI and Thai security firm Guardforce AI down between 2.8% and 5.7%. A jaw-dropping forecast last week from Nvidia, the world's most valuable listed semiconductor company, further fueled C3.ai's rally, sending its shares to a near 1-1/2-year high on Tuesday.
Investing.com -- C3.ai (NYSE:AI) shares traded 20% lower in pre-market after the AI software firm offered weaker-than-expected guidance.
With me on the call today is Tom Siebel, chairman and chief executive officer; and Juho Parkkinen, chief financial officer. After market closed today, we issued a press release with details regarding our fourth-quarter results, as well as the supplemental of our results, both of which can be accessed through the Investor Relations section of our website at ir.c3.ai.
(Bloomberg) -- C3.ai Inc. plunged 20% in extended trading after providing a fiscal-year revenue outlook that fell short of analysts’ estimates, fueling concerns the artificial intelligence software company is not living up to the investor enthusiasm that has seen its stock price more than triple this year.Most Read from BloombergMystery Trader’s Debt-Ceiling Windfall Sparks Insider ConcernsOPEC+ Latest: Saudis Unveil Extra 1 Million Barrel CutUS-China Handshake Fails to Stem Asia’s Fear of Anoth
C3.ai, Inc. (AI) delivered earnings and revenue surprises of 23.53% and 0.12%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Yahoo Finance Live breaks down some of the biggest stock movers in after-hours trading.