SAN DIEGO, Aug. 25, 2025 /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that the C3.ai class action lawsuit – captioned Liggett v. C3.ai, Inc., No. 25-cv-07129 (N.D. Cal.) – seeks to represent purchasers or acquirers of C3.ai, Inc. (NYSE: AI) securities and charges C3.ai and certain of C3.ai's top executives with violations of the Securities Exchange Act of 1934.If you suffered substantial losses and wish to serve as lead plaintiff of the C3.ai class action lawsuit, please provid ...

Core Viewpoint - A class action lawsuit has been filed against C3.ai, Inc. for allegedly misleading investors about the impact of its CEO's health on the company's business prospects [1][2]. Allegations - The complaint claims that during the class period, C3.ai did not disclose how the CEO's health affected the company's ability to close deals and that management was ineffective in mitigating this impact [2]. - It is alleged that C3.ai would struggle to achieve its profit and growth potential due to these undisclosed issues [2]. Financial Impact - On August 8, 2025, C3.ai announced disappointing preliminary financial results for Q1 of fiscal 2026 and reduced its revenue guidance for the full fiscal year 2026, attributing these issues to "the reorganization with new leadership" and the CEO's health problems [3]. - Following this announcement, C3.ai's stock price dropped from $22.13 per share on August 8, 2025, to $16.47 per share on August 11, 2025, marking a decline of over 25% [3]. Legal Proceedings - Shareholders interested in serving as lead plaintiffs must submit their papers to the court by October 21, 2025 [4]. - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4]. Company Background - Robbins LLP, the firm leading the class action, has been focused on shareholder rights litigation since 2002, aiming to help shareholders recover losses and improve corporate governance [5].

Group 1 - China National Offshore Oil Corporation (CNOOC) has completed the Dasha Petrochemical Refining and Chemical Integration Project in Ningbo, Zhejiang, with a total investment of 21 billion yuan. The core facility has an annual capacity of 3.2 million tons, producing 1.2 million tons of ethylene and propylene, essential raw materials for everyday products [2] - The X-37B spaceplane of the U.S. Space Force has been launched from Cape Canaveral, Florida, to test communication and navigation technologies, including a laser communication demonstration and an advanced navigation system based on quantum inertial technology [2] - Air Liquide, a French industrial gas company, has signed an agreement to acquire South Korean industrial gas manufacturer DIG Airgas for an enterprise value of 2.85 billion euros (4.6 trillion won), with the transaction expected to be completed in the first half of 2026 [2]

Core Viewpoint - A class action lawsuit has been filed against C3.ai, Inc. due to allegations of misleading statements regarding the company's growth and the impact of its CEO's health on business performance [1][4]. Company Performance - C3.ai announced disappointing preliminary financial results for Q1 of fiscal 2026 and reduced its revenue guidance for the full fiscal year 2026, attributing these issues to "the reorganization with new leadership" and the CEO's health problems [5]. - Following the announcement, C3.ai's stock price dropped from $22.13 per share on August 8, 2025, to $16.47 per share on August 11, 2025, marking a decline of approximately 25.58% in just one day [6]. Legal Proceedings - The class action lawsuit, John Liggett Sr. v. C3.ai, Inc., was initiated in the United States District Court for the Northern District of California, targeting individuals who purchased C3.ai securities between February 26, 2025, and August 8, 2025 [1][4]. - Investors who suffered losses in C3.ai securities have until October 21, 2025, to request to be appointed as lead plaintiff in the case [6].

Core Insights - C3.ai, Inc. (AI) stock has seen a significant decline of 42.2% over the past month, with a 24% drop following the release of preliminary fiscal first-quarter results that fell below expectations [1][8] - The current stock price is approximately $16.86, with a 52-week high of $45.08 and a low of $14.70, indicating high volatility with a weekly volatility rate of about 12% [2][8] Financial Performance - Preliminary revenue estimates for the fiscal first quarter are projected to be between $70.2 million and $70.4 million, significantly below analyst expectations and the company's prior guidance [5][8] - The estimated GAAP operating loss is between $124.7 million and $124.9 million, while the non-GAAP operating loss is expected to be between $57.7 million and $57.9 million [5][8] - C3.ai reported a cash position of $711.9 million in cash, cash equivalents, and marketable securities, indicating a strong liquidity position despite the losses [6][12] Leadership and Management Changes - CEO Thomas Siebel described the quarter's sales performance as "completely unacceptable" and attributed the weak results to the company's reorganization and his health challenges [6][8] - Siebel announced plans to step down as CEO due to serious health issues, which has raised investor concerns regarding the company's leadership and future direction [7][8] Estimate Revisions - The Zacks Consensus Estimate for fiscal 2026 and 2027 loss per share has widened to $1.39 and $0.47, respectively, from previous estimates of $0.42 and $0.16 [8][10] Strategic Positioning and Market Opportunities - Despite recent challenges, C3.ai maintains a robust financial cushion and is expanding into key growth areas beyond its core oil and gas sector, including manufacturing, life sciences, and government markets [12][14] - The company has established strategic alliances with major players like Microsoft, Amazon, and Google Cloud, enhancing its market reach and credibility [15][8] Competitive Landscape - C3.ai operates in a highly competitive enterprise AI landscape, facing competition from major tech companies and specialized AI innovators, including Microsoft, Amazon, Google, and Palantir [20][8] Valuation - C3.ai's stock is currently priced at a discount relative to its industry, with a forward 12-month price-to-sales ratio of 5.44, which is below the industry average [18][8]

C3.ai isn't expected to report its first-quarter earnings for fiscal 2026 for a couple of weeks, but it did offer some preliminary results that point to a big miss forthcoming, and investors are spooked. The AI company's preliminary estimates indicate the recently completed quarter (which ended on July 31) will result in revenue of between $70.2 million and $70.4 million. In May, management forecasted quarterly revenue in the range of $100 million to $109 million. It's a massive miss on the company's own gu ...

Company Performance - C3.ai, Inc. closed at $16.94, reflecting a -2.53% change from the previous day, underperforming the S&P 500's 0.24% loss [1] - The stock has decreased by 39% over the past month, contrasting with the Computer and Technology sector's gain of 2.07% and the S&P 500's gain of 1.95% [1] Upcoming Earnings - The earnings report for C3.ai, Inc. is scheduled for September 3, 2025, with an expected EPS of -$0.38, indicating a 660% decline from the same quarter last year [2] - Revenue is forecasted to be $70.34 million, representing a 19.35% decrease compared to the year-ago quarter [2] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict an EPS of -$1.39 and revenue of $398.59 million, reflecting changes of -239.02% and +2.45% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for C3.ai, Inc. are crucial as they indicate shifts in near-term business trends, with positive revisions suggesting analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates these estimate changes, currently ranks C3.ai, Inc. as 4 (Sell) [6] Industry Context - C3.ai, Inc. operates within the Computers - IT Services industry, which holds a Zacks Industry Rank of 154, placing it in the bottom 38% of over 250 industries [7] - The performance of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries historically outperforming lower-rated ones by a factor of 2 to 1 [7]

Core Insights - C3.ai, Inc. has partnered with Eletrobras to implement its Grid Intelligence solution across the utility's entire transmission network, marking a significant step in Eletrobras' Eletro.ia program aimed at integrating AI into operations [1][7] - The deployment will utilize C3.ai's technology for real-time fault detection and operational reporting, enhancing efficiency and service reliability in Brazil's energy sector [2][3] Strategic Partnerships - C3.ai's growth is significantly driven by its expanding partner ecosystem, with 73% of agreements in fiscal 2025 being collaborations, including deepened ties with major hyperscalers like Microsoft, AWS, and Google Cloud [4] - The renewal of the partnership with Baker Hughes, which has generated over $0.5 billion in revenues since 2019, further emphasizes the importance of strategic alliances for C3.ai's growth trajectory [5] Market Performance - In the last three months, C3.ai's shares have decreased by 20.5%, contrasting with a 9% decline in the Zacks Technology Services industry [6]

Core Insights - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving C3.ai, Inc., focusing on whether the company and its executives made false or misleading statements or failed to disclose material information to investors [1] - C3.ai reported first quarter fiscal year 2026 financial results that were significantly below expectations, with CEO Thomas M. Siebel describing the sales results as "completely unacceptable" [3] - Following the disappointing financial results, C3.ai's stock price fell by more than 25% [3] Company Overview - C3.ai operates as an enterprise artificial intelligence application software company [2] Legal Context - Robbins Geller Rudman & Dowd LLP is a leading law firm specializing in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [4]

Core Insights - C3.ai, Inc. is experiencing significant growth in non-oil and gas sectors, with a 48% year-over-year increase in fiscal 2025 revenues, indicating a shift towards diversification as a key driver for enterprise AI adoption [1][9] Industry Expansion - In the manufacturing sector, C3.ai is enhancing its presence with clients like US Steel and Rolls-Royce, focusing on applications such as predictive maintenance and energy optimization, which are yielding measurable efficiency improvements [2] - The public sector is emerging as a vital area for growth, with state and local government revenues more than doubling in fiscal 2025, supported by 71 new agreements across 24 states, showcasing the platform's adaptability [3] - Life sciences are identified as a promising growth area, with major companies like GSK and Sanofi adopting C3.ai's solutions to improve clinical workflows and research data utilization [4] Strategic Alliances - C3.ai has renewed its strategic alliance with Baker Hughes through 2028, which has generated over $0.5 billion in revenues, reinforcing its oil and gas foundation while emphasizing the importance of diversification across 19 industries for long-term growth [5][6] Competitive Landscape - Competitors like Snowflake Inc. and Palantir Technologies Inc. are also expanding into AI-driven applications, with Snowflake reporting that nearly 90% of its top customers are engaging with AI and ML workloads, and Palantir securing a $10 billion agreement with the U.S. Army [7][8]