C3 AI shares plummet as company cuts 26% of workforce, posts wider loss than expected [CNBC]
C3.ai, Inc. Class A (AI)
Last c3.ai, inc. class a earnings: 2/6 04:35 pm
Check Earnings Report
US:NYSE Investor Relations:
arlingtonasset.com/contact-investor-relations
Company Research
Source: CNBC
CEO Stephen Ehikian told shareholders that the company's cost structure was “simply too high.” The enterprise artificial intelligence company's restructuring plan also includes a 30% reduction in non-employee costs. In this article Jonathan Raa | Nurphoto | Getty Images Shares of C3 AI sank 17% on Thursday, trading at a record low, after the company reported disappointing third-quarter fiscal results and announced cuts to over a quarter of its workforce. The enterprise artificial intelligence company with the ticker AI reported $53 million in third-quarter revenue, far below LSEG estimates of $76 million. The company reported a loss of 40 cents per share, while analysts expected a loss of 29 cents per share. “What I consistently hear is that every CEO is making AI a top strategic priority, and they want to realize measurable economic value from it. That is exactly what our products deliver,” CEO Stephen Ehikian said on the company's earnings call. “That said, it became
Show less
Read more
Impact Snapshot
Event Time:
AI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
AI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
AI alerts
High impacting C3.ai, Inc. Class A news events
Weekly update
A roundup of the hottest topics
AI
News
- C3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money' [Yahoo! Finance Canada]Yahoo! Finance Canada
- C3.ai slashes 26% of staff as CEO admits failure to deliver and 'burning too much money' [Yahoo! Finance]Yahoo! Finance
- C3.ai (AI) was given a new $7.00 price target by DA Davidson.MarketBeat
- C3.ai (AI) was given a new $7.00 price target by BMO Capital Markets.MarketBeat
- C3.ai (AI) had its "underperform" rating reaffirmed by Wolfe Research.MarketBeat
AI
Earnings
- 2/25/26 - Beat
AI
Sec Filings
- 2/25/26 - Form 8-K
- 2/17/26 - Form 4
- 2/13/26 - Form SCHEDULE
- AI's page on the SEC website