C3.ai, Inc. (AI) Jun 2024 Earnings Report
C3.ai, Inc.: Investment Report
Overview
C3.ai, Inc. is a leading enterprise artificial intelligence (AI) software company that operates in North America, Europe, the Middle East, Africa, the Asia Pacific, and internationally. With its cutting-edge AI platform, the company enables customers to design, develop, and deploy enterprise AI applications. As AI continues to revolutionize industries, C3.ai, Inc. is well-positioned to benefit from this trend. This report provides an in-depth analysis of the company's financial performance, growth prospects, and recent news updates, making it essential reading for investors looking to capitalize on the AI boom.
Core Metrics
- Current price: $27.45 USD
- 52-week high: $44.90
- 52-week low: $20.23
- Market Cap: $3.43 billion USD
- P/E Ratio: N/A (due to negative EPS)
- Earnings per Share: -$2.34
- 50-day average: $25.46
- 200-day average: $27.04
- Analyst Recommendations: Hold (12 analysts)
Financial Performance
C3.ai, Inc. has reported revenue growth of 19.6% in the last year, with a gross margin of 57.49%. However, the company has an EBITDA margin of -98.82% and an operating cash flow of -$62.36 million. The company's free cash flow is -$29.21 million, and it has a total cash balance of $750.37 million.
Growth Prospects
The AI market is expected to continue growing rapidly, with industries such as healthcare, finance, and retail increasingly adopting AI solutions. C3.ai, Inc. is well-positioned to benefit from this trend, with its comprehensive AI platform and strong partnerships with leading companies such as Google Cloud, AWS, and Microsoft Azure.
News and Updates
Recent news articles highlight the growing importance of AI in various industries. For example, AI is set to play a critical role in cybersecurity mitigation and response plans for the upcoming Paris Olympics. Additionally, the US Air Force is making dramatic advances in its dogfighting AI fighter jet pilot program. These developments demonstrate the increasing adoption of AI across various industries, which bodes well for C3.ai, Inc.'s growth prospects.
Upgrades and Downgrades
In recent months, there have been several upgrades and downgrades from leading analysts. On May 30, 2024, Morgan Stanley downgraded the stock to Underweight, while Canaccord Genuity and Piper Sandler maintained their Hold ratings. On May 29, 2024, Wedbush upgraded the stock to Outperform. These mixed opinions highlight the uncertainty surrounding the company's financial performance and growth prospects.
Summary
In conclusion, C3.ai, Inc. is a leading AI software company with strong growth prospects in a rapidly expanding market. While the company's financial performance has been inconsistent, its comprehensive AI platform and strong partnerships position it for future success. Investors looking to capitalize on the AI trend should carefully consider C3.ai, Inc.'s investment potential, weighing the pros and cons of this high-growth opportunity.
Disclosures
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