Coveo Solutions (TSE:CVO) Issues Quarterly Earnings Results

Coveo Solutions (TSE:CVO) announced its earnings results on Thursday. The company reported C($0.09) earnings per share for the quarter, FiscalAI reports. Coveo Solutions had a negative net margin of 19.27% and a negative return on equity of 26.89%. The business had revenue of C$54.77 million for the quarter.

Coveo Solutions Price Performance

Shares of TSE:CVO traded down C$0.13 during trading hours on Thursday, hitting C$4.32. 83,774 shares of the company’s stock traded hands, compared to its average volume of 227,721. The company’s fifty day simple moving average is C$4.28 and its two-hundred day simple moving average is C$4.91. The company has a market cap of C$403.79 million, a price-to-earnings ratio of -14.40, a price-to-earnings-growth ratio of 0.09 and a beta of 1.57. The company has a debt-to-equity ratio of 16.57, a quick ratio of 3.14 and a current ratio of 1.42. Coveo Solutions has a 52 week low of C$3.59 and a 52 week high of C$9.53.

Analyst Ratings Changes

A number of research analysts have recently commented on CVO shares. BMO Capital Markets lowered their price target on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday, May 28th. TD reduced their price objective on shares of Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating for the company in a report on Thursday, May 28th. Stifel Nicolaus lowered their target price on shares of Coveo Solutions from C$11.00 to C$9.00 and set a “buy” rating on the stock in a research note on Friday, May 29th. Finally, National Bank Financial dropped their price target on shares of Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Wednesday, May 27th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.50.

Coveo Solutions Company Profile

Coveo brings superior AI-Relevance to every point-of-experience, transforming how enterprises connect with their customers and employees to maximize business outcomes. Relevance is about moving from persona to person, the degree to which the enterprise-wide content, products, recommendations, and advice presented to a person online aligns easily with their context, needs, preferences, behavior and intent, setting the competitive experience gold standard. Every person’s journey is unique, and only AI can solve the complexity of tailoring experiences across massive, diverse audiences and large volumes and variety of content and products.