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C3.ai Stock Soars on Strong Forecast. Is It Too Late to Buy?

TheMotleyFool

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C3.ai Stock Soars on Strong Forecast. Is It Too Late to Buy?: https://g.foolcdn.com/editorial/images/779219/gettyimages-1422925468.jpg

Shares of C3.ai (NYSE: AI) have soared over 20% since the company reported its fiscal fourth-quarter earnings on May 29. The enterprise artificial intelligence (AI) software company saw strong revenue growth and issued upbeat guidance. Despite the recent gains, the stock is still down over 30% over the past year.

Given the stock's recent gains, is it too late to buy the stock, or is the rebound in the stock just beginning?

For its fiscal Q4, C3.ai saw its revenue rise 20% to $86.6 million. More importantly, subscription revenue climbed 41% to $79.9 million. Both total and subscription-revenue growth accelerated each quarter during the past fiscal year.

Source Fool.com

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