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C3.ai, Inc. (AI)

NYSE - Nasdaq Real Time Price. Currency in USD
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19.95-0.11 (-0.55%)
As of 02:56PM EDT. Market open.
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  • R
    Raymond
    Big announcement this morning of more defense business with partner Raytheon. At the Needham investment conference last month C3 said that so far they've captured about one quarter of one percent of the potential Federal Government business. Tremendous growth opportunity with defense/Federal Government business.
  • R
    Raymond
    Synergy Research Group is out with a report. Amazon, Microsoft, and Google now have a 65% share of the cloud computing market, up from 52% 4 years ago. Most analysts expect them to continue to gain market share because of their size and scale. You have to make huge investments in servers and data centers to compete in this industry, and the sales of the big 3 have been increasing at over a 30% rate lately.

    Matt Garman, Senior VP of sales and marketing at Amazon Web Services, said, “We’ve been investing heavily in this business for fifteen years, and it’s not something that’s easy to catch up to.”

    Meanwhile, smaller companies in the cloud computing space are expected to face a more challenging fundraising environment, analysts say, as falling stock prices make it less attractive to raise funds with equity offerings. Also, companies are looking to consolidate their spending and are more likely to pick and stick with the largest players that often offer more reliability and a broader set of features. Synergy chief analyst John Dinsdale said, “The big 3 really are running away with the game.”

    Some tech sectors are starting to be affected by a slowing economy, but demand for cloud services has stayed strong, according to Thomas Kurian, chief executive of Google Cloud. “We still see strong demand and interest from customers around the world in almost every industry,” he said.

    In C3's most recent earnings report, they said, "C3 AI and Google Cloud continue to make significant progress collaborating, and in Q4 added customers including 1-800-FLOWERS, United Parcel Service, Tyson Foods, and Canadian bank ATB Financial."

    In their 10K, C3 said, "We are bringing new product families to market, such as C3 AI CRM powered by Microsoft Dynamics 365, that we believe will develop into substantial recurring revenue streams for C3 AI."

    In March, C3 said that in January and February they closed over $70 million in business with AWS.

    In summary, all indications are that the partnerships with AWS, Microsoft, and Google will be a huge winner for C3.
  • R
    Raymond
    Seeing increasing evidence of an economic slowdown. Commodity prices are falling. Long term interest rates are down. Some companies are announcing hiring freezes and even layoffs. This looks to me like the start of a sustained move higher for C3. I'm not saying that the stock will be up every day, there could be some profit taking tomorrow. But in an environment where growth is going to be slowing for most companies, a company like C3 that can sustain long term growth of 35-40% is going to look very good to many investors.
  • R
    Raymond
    Bessemer Venture Partners has announced that they are becoming a Registered Investment Advisor. Similar announcements have already been made this year by other prominent VC firms such as Sequoia and Greycroft. Why are all these VC firms becoming RIAs? The answer is simple - prices for publicly traded tech stocks are at a generational low, and companies that used to just do VC now want to be able to buy publicly traded tech stocks. C3 is a good example of where publicly traded tech stocks are at right now. The IPO, which was only about a year and a half ago, was at $42. If you back out the $9 per share in cash that C3 is holding, the business is now being valued at around $9 or 10/share, screamingly cheap. Look for companies like Bessemer, Sequoia and Greycroft to show up eventually as investors in C3. Why bother with venture capital when you can buy the C3 business for under $10/sh?
  • I
    Independent
    —I’ve mentioned $77+. I wouldn’t sell at $77. I’d consider selling at $377+. Let’s look at the price in a few years after this thing has taken off and is untouchable -relative to “today’s” price.
  • S
    Stock Crumbs
    Mick, can you tell me how many insider shares were sold in the last 2 weeks or so?
  • C
    Chief
    Happy Independence Day to all.  
    It's our day to celebrate our freedom.  Despite all the chaos in the world today remember this: we are one nation, under God, with liberty and justice for all.  Celebrate it!
  • I
    Independent
    —I can only speak for myself, especially since I only have one username (unlike shorty here). Meantime, AI is a good and trusted company. That’s a fact. And this fact is being verified by the agreements and new contracts which AI continues to make with trusted professionals in trusted top companies -and include the U.S. (as described) to that systematically growing list. I’m *invested in AI long term and -couldn’t care less about the stock price today. I will be interested in the stock price in 2 to 3 years from today.
  • R
    Raymond
    The top military people in all the NATO countries are watching the war in Ukraine closely to see what lessons they can learn. Gen. Patrick Sanders, the chief of Britain’s general staff, has said, "The digital transformation of warfare is vital".

    The following is from the web site of C3 partner Raytheon:
    The digital thread weaves its way through everything we do at Raytheon Missiles & Defense. It gives customers a better, closer, more holistic view of solutions… as they happen. Because speed is everything on today’s battlefield and speed to it is just as critical.

    We are digitally transforming every aspect of our business from designing to building and maintaining products and services that outpace the threat and turn speed of delivery into the ultimate advantage. We’re moving faster to deliver better ideas, better designs, and a better partnership for our customers.

    We use advanced digital technologies, such as artificial intelligence, machine learning and big data, to collaborate with our customers in real time and connect processes and data across every level of our organization to rapidly build customer trust and confidence.
    ********************************************************
    When they reported their 2nd quarter, C3 said, "We substantially increased our Public Sector business in defense and intelligence, with new production deployments at the U.S. Air Force, new business with the U.S. Space Force, and additional business with the Missile Defense Agency. The year over year growth is 33%. The company expects this growth rate to accelerate substantially in the second half of the year."
  • S
    Shaggy
    It should be very interesting to see how the competition between Raytheon/c3.ai and Palantir goes with the Titan program. I believe that partnering with the largest US Defense Contractor Raytheon was the way to go, navigating the Pentagon and D.C. can be very difficult even with the very deep bench of retired generals, admirals and secretary of state personnel on board. Also the Titan program falls heavily into c3.ai's sweet spot, inputting data from field devices/sensors to process within their patented AI/ML framework. I believe the combination of Raytheon and c3.ai will be a slam dunk to win the final contract.
  • S
    Shaggy
    Peter, that was pretty good timing of you to say I led Mick astray by telling him to stay away from oil and bank stocks, which he himself admitted was the right call. Now the banking industry hits new 52 week lows daily and oil is dropping like a rock, losing nearly ten dollars a barrel just today alone. Even Vanilla Ice's MPC is trading under 80 right now after reaching its 52 week high of 114 just over a month ago.
  • S
    Steven
    Quad deuces this week, Chief??
  • S
    Stock Crumbs
    Besides most of the shorts on here who post nothing but cartoons, here is another way to detect them. They will try to tell you the Baker Hughes deal makes up almost all of Ai's business and their relationship is falling apart. When you see this, you will know shorty is trying to scare you out.
  • 4
    4homie
    Floating up but still under water
  • R
    Raymond
    Dan Skelly from Morgan Stanley was on Bloomberg TV on Thursday. His title is "Head of Market Research and Strategy". Morgan Stanley has been bearish overall, but is starting to get more positive on tech. Skelly said that the latest data point was Accenture, which reported last week. Accenture provides a very broad read on the digital economy, they are one of the biggest digital consultants out there across different sectors of the economy and different geographic regions, and they're seeing demand continue to grow. Keep in mind that Accenture is now a C3 partner. Skelly also referenced a survey of Chief Information Officers that Morgan Stanley did a couple of weeks ago. This showed that software spending by enterprises is holding up reasonably well. As of March 31, Morgan Stanley owned over 800,000 shares of C3, and what Morgan Stanley is seeing right now in the digital economy is positive for C3.

    We're now about a month down the road from the guidance we got from C3 when they reported their quarter. At the time, Tom Siebel was talking about famine, war, pestilence, and death. Now, a month later, it's looking like TS might have gotten a little carried away with his 4 horsemen of the apocalypse scenario. His guidance is starting to look like it might have been too low.
  • I
    Independent
    —Regardless of what’s said here, this thing’s goin’ to triple digits and I’ll be here when it does. Call it 3 years max, probably 2 is more likely.
  • J
    Joshua
    To all the investors, bag holders, traders, and short sellers on this Board:
    Have a Happy Independence Day!
  • I
    Independent
    —Have a great weekend!
    A sincere and special thank you to all the -real heroes who have served and serve our country and protect our freedom. Happy Independence Day!
    -It’s cool to me that AI is working with/has specific contracts with and is trusted by the U.S. (as discussed).
  • R
    Raymond
    Google Unveils Public Sector Division
    June 29, 2022

    Google has launched a new division to help U.S. federal, local and state government agencies and educational institutions advance their digital transformation efforts and bring its Google Cloud technology platforms to public sector organizations.

    Will Grannis, head of the office of the chief technology officer at Google, will lead Google Public Sector until a permanent CEO is appointed, Google Cloud CEO Thomas Kurian wrote in a blog post published Wednesday.

    Google Public Sector will operate as a Google subsidiary with its own board of directors and will offer Google Cloud’s data and analytics, machine learning, artificial intelligence tools, open infrastructure and cybersecurity products to government clients, Kurian said.

    Kurian said Google Public Sector will provide customers access to its ecosystem of partners, including C3.ai.