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Sprinklr (CXM) Soars 6.6%: Is Further Upside Left in the Stock?
SprinklrSprinklr(US:CXM) ZACKSยท2024-11-07 16:05

Company Overview - Sprinklr (CXM) shares increased by 6.6% to close at $7.61, with trading volume significantly higher than usual, compared to a 2.3% gain over the past four weeks [1][2] - The company is expanding its customer base, adding clients such as Ford, UBS, T-Mobile, Planet Fitness, and Grupo Bimbo, while enhancing customer experience through AI-powered solutions [2] Financial Performance - The upcoming quarterly earnings report is expected to show earnings of $0.08 per share, reflecting a year-over-year decline of 27.3%, while revenues are projected to be $196.55 million, an increase of 5.5% from the previous year [3] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Sprinklr is part of the Zacks Technology Services industry, where another company, Symbotic Inc. (SYM), saw an 8% increase in its stock price, closing at $31.63, with a 25.3% return over the past month [4] - Symbotic Inc. has a consensus EPS estimate of $0.03 for its upcoming report, representing a significant year-over-year increase of 137.5%, but currently holds a Zacks Rank of 4 (Sell) [5]