Coveo Solutions (CVO) Scheduled to Post Earnings on Monday

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

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

Coveo Solutions Stock Down 1.7 %

Shares of TSE:CVO opened at C$5.25 on Monday. The company has a debt-to-equity ratio of 6.05, a quick ratio of 3.14 and a current ratio of 1.71. Coveo Solutions has a 1 year low of C$5.22 and a 1 year high of C$12.48. The stock has a market capitalization of C$282.61 million, a P/E ratio of -17.50, a PEG ratio of 0.09 and a beta of 0.75. The stock has a 50-day simple moving average of C$5.96 and a 200-day simple moving average of C$7.12.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CVO shares. Royal Bank of Canada decreased their price target on Coveo Solutions from C$13.00 to C$11.00 in a report on Thursday, August 8th. Canaccord Genuity Group decreased their price target on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Monday, July 15th. TD Securities decreased their price target on Coveo Solutions from C$12.00 to C$11.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Stifel Nicolaus decreased their price target on Coveo Solutions from C$12.00 to C$10.00 in a report on Thursday, August 8th. Finally, BMO Capital Markets decreased their price target on Coveo Solutions from C$10.50 to C$10.00 in a report on Thursday, August 8th. Eight analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$10.94.

Coveo Solutions Company Profile

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.