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Nervous markets await NvidiaThis summary was created by AI, based on 2 opinions in the last 12 months.
Coveo Solutions Inc. (CVO-T) has received mixed feedback from experts regarding its performance and outlook in the competitive AI landscape. While the company is lauded for being well-managed and keeping pace with AI trends, concerns have been raised about its ability to differentiate itself from larger, established competitors. Currently, Coveo is close to a $1 billion market cap but lacks profitability and doesn't trade enthusiastically like other AI stocks. Although it has recently exceeded expectations slightly, experts view the path ahead as difficult, particularly in securing significant multi-year contracts necessary for sustained growth.
EPS of ($0.095) beat estimates of ($0.133) and revenues of $39.37M beat estimates of $39.106M. CVO saw SaaS subscription revenue growth of 17% and announced a share buyback program of $40M, close to 5% of its total outstanding shares. The company expanded its gross profit margins and improved its operating loss from a prior year loss of $19.4M to a loss of $8.8M. CVO expects to reach positive operating cash flow by FY2025. Sales growth has been good, and management has done an excellent job of expanding its margins and controlling costs. Its balance sheet is fairly healthy and if it can maintain its sales growth rates and achieve profitability, we feel that this name has good long-term potential. The trend has been positive, but we would also like to see a continuation in its progression toward positive free cash flow.
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Coveo Solutions Inc. is a Canadian stock, trading under the symbol CVO-T on the Toronto Stock Exchange (CVO-CT). It is usually referred to as TSX:CVO or CVO-T
In the last year, 2 stock analysts published opinions about CVO-T. 0 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Coveo Solutions Inc..
Coveo Solutions Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Coveo Solutions Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered Coveo Solutions Inc. In the last year. It is a trending stock that is worth watching.
On 2025-05-05, Coveo Solutions Inc. (CVO-T) stock closed at a price of $6.26.
Good job overall, well run. Exposed to some of the AI trends. Sizable competition for what they do. He's conservative on whether it can differentiate itself in the coming years. Must show it can get the big, multi-year contracts.