Why did C3 AI stock fall 15% in December?
Why Did C3.ai Stock Fall 15% in December? C3.ai (NYSE: AI) shares fell 15.4% in December following a disappointing earnings announcement. The company reported quarterly results on Dec. 1 and beat Wall Street's estimates for both sales and net losses. The sell-off in high-valuation growth stocks thwarted C3.ai's recovery later in the month.
When is C3’s next quarterly earnings announcement?
C3.ai is scheduled to release its next quarterly earnings announcement on Monday, February 28th 2022. View our earnings forecast for C3.ai. How were C3.ai's earnings last quarter?
What was the revenue for C3 AI's first quarter?
The company had revenue of $58.26 million for the quarter, compared to the consensus estimate of $56.95 million. The firm's revenue for the quarter was up 40.9% on a year-over-year basis. View C3.ai's earnings history. What guidance has C3.ai issued on next quarter's earnings? C3.ai updated its FY 2022 earnings guidance on Wednesday, December, 8th.
What are analysts'price targets for C3 AI stock?
8 analysts have issued 1-year price targets for C3.ai's shares. Their forecasts range from $31.00 to $103.00. On average, they anticipate C3.ai's stock price to reach $56.29 in the next twelve months.
Why has C3.ai stock dropped?
C3.ai AI –5.01% shares are taking a beating Friday, pressured by a negative research note from Deutsche Bank DB +0.73% analyst Patrick Colville, who cut his rating on the stock to Sell from Hold, with a new price target of $18, down from $36.
Is C3.ai a good stock to buy?
C3.ai is trading at a much more reasonable valuation today than it was at any point last year. The recent negative sentiment around growth stocks will hurt the stock over the short to medium term, and the stock could reasonably fall another 50% from current levels.
Is C3.ai a good company?
Is C3 AI a good company to work for? C3 AI has an overall rating of 4.2 out of 5, based on over 506 reviews left anonymously by employees. 82% of employees would recommend working at C3 AI to a friend and 81% have a positive outlook for the business. This rating has decreased by -7% over the last 12 months.
Is C3.ai long term?
Enterprise AI software giant C3.ai (NYSE:AI) is part of The Americas' Fastest Growing Companies 2022 list by the Financial Times.
Is c3ai a buy Zacks?
Zacks' proprietary data indicates that C3.ai, Inc. is currently rated as a Zacks Rank 3 and we are expecting an inline return from the AI shares relative to the market in the next few months.
What's the best artificial intelligence stock?
10 best artificial intelligence stocks to buy:Alphabet Inc. (GOOG, GOOGL)Amazon.com Inc. (AMZN)Microsoft Corp. (MSFT)International Business Machines Corp. (IBM)Meta Platforms Inc. (FB)DocuSign Inc. (DOCU)Dynatrace Inc. (DT)Workday Inc. (WDAY)More items...•
What is happening with C3 AI?
(AI) Reports Q4 Loss, Tops Revenue Estimates. C3.ai, Inc. (AI) delivered earnings and revenue surprises of 27.59% and 1.47%, respectively, for the quarter ended April 2022.
Is C3 AI undervalued?
They have grown revenues at a meteoric 40% over the past few years, while operating a high gross margin of 75%. The company is undervalued intrinsically and thus offers an opportunity for Growth At Reasonable Price (G.A.R.P).
Who owns C3 AI stock?
Top 10 Owners of C3.ai IncStockholderStakeShares ownedThe Vanguard Group, Inc.7.68%7,902,964BlackRock Fund Advisors2.59%2,661,562Renaissance Technologies LLC2.35%2,412,200Two Sigma Investments LP1.51%1,547,8686 more rows
Will C3 AI stock go up?
C3.ai now expects its revenue to rise 38% for the full year, compared to its previous guidance for 35%-36% growth. Analysts expect its revenue to rise 31% in fiscal 2023. Based on those expectations, C3. ai's stock looks reasonably valued at less than eight times next year's sales.
How much cash does C3 AI have?
$969 millionAI trades at a market cap of around $2.5 billion, but has $969 million of cash and equivalents on its balance sheet. That represents nearly 40% of the market cap that is represented by cash.
What is C3 AI stock?
C3.ai (NYSE:AI) is a leading software company, which provides Artificial Intelligence services to enterprises. The company is poised to ride the wave of growth forecasted for AI.