Investor Insights

This summary was created by AI, based on 2 opinions in the last 12 months.

Coveo Solutions Inc. is an AI play with a search engine that understands human language. The company is close to break even and could be an acquisition target in the future. With positive sales growth, expanding margins, and good management control over costs, the company has good long-term potential. The trend has been positive, but it needs to progress towards positive free cash flow to fully realize its potential.

Consensus
Positive
Valuation
Fair Value
Similar
Alphabet Inc., GOOGL
BUY ON WEAKNESS

An AI play with a search engine that understands the human language. The valuation is always high. Supposedly, they're close to break even. Could be an acquisition target down the road. Wait for a better entry point. If they turn a profit, shares will do well.

Technology
HOLD
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

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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Technology
COMMENT
Coveo wend public last Thursday on the TSX. Initially priced at $15, the shares quickly rose to $18. Coveo raised $215 million with the goal to continue its growth. The company's revenues, most of which are recurring, have reached US$64 million in 2021, a 15% growth over the previous year. Coveo operates with a net profit margin of 75% to 80% and an estimated addressable market of $39 billion.
Technology
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Coveo Solutions Inc.(CVO-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 1

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Coveo Solutions Inc. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Coveo Solutions Inc.(CVO-T) Frequently Asked Questions

What is Coveo Solutions Inc. stock symbol?

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

Is Coveo Solutions Inc. a buy or a sell?

In the last year, 2 stock analysts published opinions about CVO-T. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Coveo Solutions Inc..

Is Coveo Solutions Inc. a good investment or a top pick?

Coveo Solutions Inc. was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for Coveo Solutions Inc..

Why is Coveo Solutions Inc. stock dropping?

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.

Is Coveo Solutions Inc. worth watching?

2 stock analysts on Stockchase covered Coveo Solutions Inc. In the last year. It is a trending stock that is worth watching.

What is Coveo Solutions Inc. stock price?

On 2024-04-19, Coveo Solutions Inc. (CVO-T) stock closed at a price of $9.03.