C3.ai (AI) June call option implied volatility at 95, July at 79

Go back to C3.ai (AI) June call option implied volatility at 95, July at 79

C3.Ai (AI) Sinks After Missing on Sales Estimates, Analyst Slashes PT by Over 40% But Remains Bullish

June 3, 2021 8:56 AM EDT

Shares of C3.Ai (NYSE: AI) have plunged 11% in pre-open Thursday after the company reported slowing subscription revenue.

The companys revenue in the quarter that ended in April climbed 26% from the year-ago period to $52.3 million, marking a net loss of 24 cents a share, compared to analysts estimated revenue of $50.6 million and a 25-cent net loss per share. C3.ais remaining performance obligation surged 23% to $293.8 million.

"We achieved strong business and financial results in the fourth quarter and full fiscal year, as we advance our leadership position as the enterprise AI... More