Coveo Solutions (CVO) Scheduled to Post Earnings on Monday

Coveo Solutions (TSE:CVO) is set to issue its quarterly earnings data after the market closes on Monday, November 4th.

Coveo Solutions (TSE:CVO) last announced its earnings results on Wednesday, August 7th. The company reported C($0.08) EPS for the quarter, missing analysts’ consensus estimates of C($0.04) by C($0.04). Coveo Solutions had a negative net margin of 17.81% and a negative return on equity of 13.95%. The company had revenue of C$44.08 million for the quarter, compared to analyst estimates of C$43.87 million.

Coveo Solutions Stock Performance

TSE CVO opened at C$5.22 on Friday. The company has a quick ratio of 3.14, a current ratio of 1.71 and a debt-to-equity ratio of 6.05. Coveo Solutions has a fifty-two week low of C$5.07 and a fifty-two week high of C$12.48. The business has a fifty day moving average of C$5.86 and a 200-day moving average of C$6.99. The stock has a market cap of C$280.99 million, a price-to-earnings ratio of -17.50, a price-to-earnings-growth ratio of 0.09 and a beta of 0.75.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CVO shares. BMO Capital Markets lowered their price objective on Coveo Solutions from C$10.50 to C$10.00 in a research report on Thursday, August 8th. Royal Bank of Canada dropped their price objective on shares of Coveo Solutions from C$13.00 to C$11.00 in a research note on Thursday, August 8th. TD Securities cut their price objective on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Stifel Nicolaus lowered their target price on shares of Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Finally, Canaccord Genuity Group cut their price target on shares of Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$10.94.

About Coveo Solutions

Coveo Solutions Inc provides AI platforms that enable individualized, connected, and trusted digital experiences. The Relevance Cloud platform, an AI solution that integrates AI search, recommendations, GenAI answering, AI models, and analytics across various digital domains; and is designed for scale, security, and compliance and integrates into enterprise ecosystems as a cloud-native SaaS, multi-tenant, API-first, and headless platform.