Form 8-K C3.ai, Inc. For: May 29
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C3 AI (AI) stock jumps as revenue rises, 'demand for enterprise AI is intensifying'
May 30, 2024 8:22 AM EDTShares of C3 AI (NYSE: AI) surged more than 11% premarket after the company reported its latest quarterly earnings after the close Wednesday, topping consensus expectations and raising its guidance.
The AI technology company reported a Q4 loss per share of ($0.11), $0.19 better than the analyst estimate of a loss per share of ($0.30). Revenue for the quarter came in at $86.6 million versus the consensus estimate of $84.39 million.
Revenue grew 20% year-on-year. Subscription revenue for the quarter was... More
DA Davidson Reiterates Neutral Rating on c3.ai (AI)
May 30, 2024 5:17 AM EDTDA Davidson analyst Gil Luria reiterated a Neutral rating and $30.00 price target on c3.ai (NYSE: AI).
The analyst comments "C3.ai reported positive 4Q results as subscription revenue accelerated meaningfully driven by continued success with federal customers driving shares up after hours. The... More
