C3.ai(AI)

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Should You Buy C3.ai Stock While It's Under $50?
The Motley Fool· 2024-12-16 09:49
C3.ai (AI 3.16%) was one of the first enterprise artificial intelligence (AI) companies in the world when it was founded in 2009. It has developed over 100 turnkey and customizable applications, which are used by businesses in 19 different industries to speed up their adoption of AI.The company's revenue growth has accelerated for seven consecutive quarters thanks to a change to its business model from two years ago, which made it easier than ever for customers to sign up. However, C3.ai stock is still trad ...
Could C3.ai Stock Help You Retire a Millionaire?
The Motley Fool· 2024-12-15 09:46
This little AI company still has a lot to prove.C3.ai (AI 3.16%) was one of the market's hottest tech IPOs when it went public four years ago. The enterprise artificial intelligence (AI) software provider went public at $42 a share, and its stock more than quadrupled to a record high of $177.47 in less than a month.Yet by the end of 2022, C3.ai's stock had sunk to about $10 a share. It lost its luster as its revenue growth cooled off, it racked up steep losses, and investors fretted over its customer concen ...
C3.ai Sees AI Momentum, Raises Guidance. Is It Time to Buy the Stock?
The Motley Fool· 2024-12-14 08:39
C3.ai (AI 3.16%) shares bounced around after the enterprise artificial intelligence (AI) software company reported its latest quarterly results. The action in the stock likely confused some investors, as the stock soared in after-hours trading immediately after its report, only to open the next morning in negative territory. The stock then solidly rebounded into positive territory.Overall, the stock has been on a strong run since mid-November and is trading up about 45% on the year as of this writing, erasi ...
Is C3.ai Stock Going to $55? 1 Wall Street Analyst Thinks So.
The Motley Fool· 2024-12-12 15:57
Shares of C3.ai (AI 3.06%) are currently down 6.4% since the company's latest earnings report on Monday, Dec. 9. The artificial intelligence (AI) software company posted another strong quarter of growth, with revenue up 29% year over year.Despite the stock's recent performance, JMP Securities analyst Aaron Kimson still sees great upside potential over the next year or so. Following the quarterly update, the analyst raised the firm's price target from $40 to $55, implying 41% upside over the current share pr ...
C3.ai: Accelerating Growth Driving Near-Term Upside
Seeking Alpha· 2024-12-12 10:17
C3.ai's (NYSE: AI ) second quarter results were solid, with growth continuing to accelerate and margins improving. While the stock has moved significantly higher in recent months, C3.ai's valuation is still reasonable given the company's growth and pilot volumes.Richard Durant is the leader of Narweena, an asset manager focused on finding market dislocations that are the result of a poor understanding of a businesses long-term prospects. Narweena believes that excess risk adjusted returns can be achieved by ...
Atrium Mortgage Investment Corporation Announces Increased December 2024 Dividend and Portfolio Update
Newsfile· 2024-12-11 22:00
Toronto, Ontario--(Newsfile Corp. - December 11, 2024) - Atrium Mortgage Investment Corporation (TSX: AI) is pleased to announce that its board of directors has declared a dividend for the month of December 2024 of $0.0775 per common share, to be paid January 10, 2025 to shareholders of record December 31, 2024. This represents a 3.3% increase in the annual dividend rate from $0.90 to $0.93 per common share beginning in December 2024.In addition, Atrium will pay a special dividend to shareholders of record ...
Why C3.ai Stock Is Plummeting Today
The Motley Fool· 2024-12-11 16:45
What are analysts saying about C3.ai stock after the company's recent quarterly report?C3.ai (AI -5.10%) stock is sinking in Wednesday's trading. The company's share price was down 8.1% as of 11 a.m. ET. Meanwhile, the S&P 500 index was up 0.6%, and the Nasdaq Composite index was up 1.2%.C3.ai is falling today after JPMorgan published bearish coverage on the stock. The firm's analysts downgraded their rating on C3.ai stock and maintained a one-year price target of $28 per share. As of this writing, the anal ...
Best Artificial Intelligence (AI) Stocks: C3.ai vs. Bigbear.ai
The Motley Fool· 2024-12-11 14:28
Core Insights - Artificial intelligence stocks are experiencing significant growth, but a comparison indicates that only one stock may emerge as the superior investment option [1] Group 1 - The stock prices referenced were from the afternoon of December 8, 2024, highlighting the timing of the analysis [1] - The video discussing this comparison was published on December 10, 2024, indicating a recent evaluation of the market [1]
C3.ai Stock Surges on Strong Sales Despite Profit Concerns
MarketBeat· 2024-12-11 13:23
Core Viewpoint - C3.ai Inc. reported a narrower-than-expected earnings loss for Q2 of fiscal year 2025, but concerns remain about its path to profitability and high valuations in the current market environment [2][3]. Financial Performance - C3.ai reported an earnings per share (EPS) loss of six cents, which was better than the anticipated loss of 14 cents per share [2]. - The stock initially dropped about 10% in premarket trading following the earnings report but rebounded to a 3% increase during mid-day trading [1]. Market Position and Demand - C3.ai has established itself as a provider of customizable AI applications for enterprise-level customers, filling a niche in the AI market [5]. - The company added 58 new agreements in the quarter, indicating strong demand for its services [6]. Partnerships and Growth - C3.ai's stock has surged over 78% since announcing an expanded partnership with Microsoft, where it became a preferred application provider on the Azure platform [6]. - The partnership includes a joint go-to-market strategy leveraging Azure sales channels [6]. Revenue Sources - Approximately 33% of C3.ai's revenue comes from government contracts, a decrease from 49% in the same quarter of 2023 [8]. - The company faces challenges in diversifying away from government contracts, which are costly to obtain and have long sales cycles [9]. Investment Sentiment - Short interest in C3.ai stock is over 17% of the float, suggesting potential volatility and a possible short squeeze [10]. - Analyst sentiment is mixed, with a consensus price target of $33.10, indicating a downside of over 23% from current levels [11]. Future Outlook - Many of C3.ai's current agreements are pilot programs, and it will take several quarters to determine which will lead to sustainable revenue [12].
C3.ai(AI) - 2025 Q2 - Quarterly Report
2024-12-10 00:58
Revenue Growth - Total revenue for the three and six months ended October 31, 2024, was $94.3 million and $181.6 million, representing a 29% and 25% increase compared to the same period last year[172]. - Subscription revenue grew to $81.2 million and $154.6 million for the three and six months ended October 31, 2024, representing a 22% and 21% increase compared to the same period last year[172]. - Total revenue for the quarter ended October 31, 2023, was $73.229 million, representing a year-over-year growth of 17%[1]. - Subscription revenue growth year-over-year was 23% for the quarter ended October 31, 2023[1]. - Subscription revenue accounted for 86% of total revenue for the three months ended October 31, 2024, increasing by $14.7 million, or 22%, compared to the same period last year[243]. - Subscription revenue for the six months ended October 31, 2024, was $154.6 million, a 21% increase from $127.8 million in the same period last year[244]. - The increase in subscription revenue was driven by 19% of total subscription revenue coming from new customers for the six months ended October 31, 2024[244]. Market and Product Expansion - C3 AI booked over $1.4 billion in additional contracts and recognized $1.3 billion in revenue from 2019 to 2024[166]. - C3 AI has expanded its product offerings to include over 100 AI production applications across various industries[165]. - The C3 Generative AI launched in early fiscal year 2024 includes 28 domain-specific offerings tailored to various industries[2]. - The company expects to continue attracting new customers through its consumption-based pricing model, which simplifies adoption[2]. - The company is focused on expanding its ecosystem of strategic partners, including notable partners like Baker Hughes, AWS, Microsoft, and GCP, to enhance customer engagement[215]. - A new global alliance agreement with Microsoft has been established, positioning the company as a preferred AI application software provider on Microsoft Azure, which includes joint sales and go-to-market strategies[216]. Financial Performance - Total cost of revenue for the three months ended October 31, 2024, was $36.5 million, a 14% increase from $32.1 million in the same period last year[248]. - Gross profit for the three months ended October 31, 2024, was $57.8 million, representing a 41% increase from $41.1 million in the same period last year[251]. - The subscription gross margin for the three months ended October 31, 2024, was 57%, up from 53% in the same period last year[251]. - Total operating expenses for the three months ended October 31, 2024, were $133.1 million, compared to $120.5 million in the same period last year[251]. - Net loss for the three months ended October 31, 2024, was $66.0 million, compared to a net loss of $69.8 million in the same period last year[243]. - Total operating expenses for the six months ended October 31, 2024, were $257,880 thousand, a 10% increase from $235,151 thousand in the same period last year[254]. Investment and Expenses - Research and development spending is anticipated to remain high as the company introduces new applications and features[2]. - Sales and marketing expenses are expected to increase in absolute dollar amounts as the company invests in brand awareness and programmatic spend to generate demand[229]. - Research and development expenses for the three months ended October 31, 2024, increased to $55,715 thousand, an 11% increase from $50,399 thousand in the same period last year[254]. - Operating expenses are expected to increase as a percentage of total revenue in the near term but are anticipated to stabilize and decline as the business matures[226]. Cash Flow and Financial Position - Free cash flow for the six months ended October 31, 2024, was $(32,390) thousand, an improvement from $(64,035) thousand in the same period last year[268]. - Net cash used in operating activities for the six months ended October 31, 2024, was $(30,651) thousand, compared to $(44,654) thousand in the same period last year[271]. - Cash and cash equivalents as of October 31, 2024, were $121.3 million, down from $167.1 million as of April 30, 2024[269]. - The accumulated deficit as of October 31, 2024, was $1.2 billion, indicating ongoing operating losses[269]. - The company expects to continue incurring operating losses and generating negative cash flows in the upcoming quarters due to planned investments[270]. International Market Presence - Approximately 13% of total revenue for the three months ended October 31, 2024, and 17% for the same period in 2023, was derived from international customers, indicating growth potential in international markets[217]. - The company derived approximately 13% and 16% of total revenue for the six months ended October 31, 2024, and 2023, respectively, from international customers, highlighting ongoing international growth[217]. - The company plans to increase its direct sales team in international markets and supplement efforts with strategic partners to expand market coverage[217]. Economic and Regulatory Factors - The impact of adverse macroeconomic conditions, such as inflation and supply chain disruptions, is being monitored as it may affect customer budgets and consumption[218]. - The company does not believe inflation has had a material effect on its business or financial condition[286]. - A hypothetical 10% change in foreign currency exchange rates may have a material impact on the company's financial statements[285]. - The company has entered into foreign currency forward contracts to hedge a portion of its forecasted foreign currency-denominated expenses[285]. Compliance and Governance - Management concluded that the disclosure controls and procedures were effective at the reasonable assurance level as of the end of the reporting period[288]. - There were no material changes in critical accounting policies and estimates compared to the previous fiscal year[281]. - The company has not used any derivative financial instruments to manage interest rate risk exposure[284].