Coveo Solutions (TSE:CVO) Announces Quarterly Earnings Results

Coveo Solutions (TSE:CVO) issued its quarterly earnings data on Thursday. The company reported C($0.04) earnings per share for the quarter, FiscalAI reports. Coveo Solutions had a negative return on equity of 19.77% and a negative net margin of 12.74%. The business had revenue of C$57.57 million during the quarter.

Coveo Solutions Stock Performance

CVO traded down C$0.05 during trading hours on Thursday, hitting C$4.77. The stock had a trading volume of 216,955 shares, compared to its average volume of 218,734. The company’s fifty day simple moving average is C$4.41 and its 200 day simple moving average is C$4.75. The company has a quick ratio of 3.14, a current ratio of 1.39 and a debt-to-equity ratio of 17.00. Coveo Solutions has a 1 year low of C$3.59 and a 1 year high of C$8.27. The stock has a market cap of C$443.31 million, a PE ratio of -23.85, a price-to-earnings-growth ratio of 0.09 and a beta of 1.40.

Analyst Upgrades and Downgrades

CVO has been the subject of a number of recent analyst reports. TD upped their price target on shares of Coveo Solutions from C$6.50 to C$7.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Scotiabank raised shares of Coveo Solutions to a “hold” rating in a research note on Tuesday, October 6th. Finally, Scotia set a C$5.00 price objective on shares of Coveo Solutions and gave the stock a “sector perform” rating in a research report on Tuesday, October 6th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$7.57.

About Coveo Solutions

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.