C3.ai stock tumbled on Thursday following its quarterly print.
) stock tumbled 12% on Thursday after the maker of AI enterprise software posted weaker than expected subscription revenue for its first quarter of fiscal year 2025.
"Net/net, while the top line y/y growth continues to stabilize, the subscription revenue performance this quarter highlights the volatility in the model," wrote JPMorgan analysts after the print. The firm lowered its price target on the stock from $24 to $19."By any standards it was a great quarter. At 21% top line year-over-year growth, we're one of the fastest growing public software companies in the software universe," Tom Siebel, C3.
"My neighbor has a pet rooster that he walks on a leash. He takes it for a stroll around the block every evening, much to the confusion of everyone passing by."Hunter Biden intends to change not guilty plea in his federal tax case, defense attorney says The musician shares daughters Luna, 8, and Esti, 19 months, and sons Miles, 6, and Wren, 14 months, with wife Chrissy Teigen
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