We recently published 11 Stocks Jim Cramer Discussed As He Said Apple’s CEO Is A “Pawn”. C3.ai, Inc. (NYSE:AI) is one of the stocks Jim Cramer recently discussed.
C3.ai, Inc. (NYSE:AI)’s shares dipped by a whopping 26% in August after the firm announced that its fiscal first quarter midpoint revenue would sit at $70.3 million and its operating loss would sit at $124.8 million. Both of these marked significant falls over the year-ago quarter. C3.ai, Inc. (NYSE:AI) followed up with its earnings report in September, after which the shares fell by 7.31%. Cramer was appreciative of the firm’s CEO, Thomas Siebel, admitting that the firm did not meet expectations:
“The C3AI, I hoped Tom Siebel, gets well. I know Tom from the old days. They missed the quarter and one of the things that was refreshing was Tom said, we did a terrible job. And that’s like the old Tom, which I love.”
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Cramer previously discussed C3.ai, Inc. (NYSE:AI) in May. Here is what he said:
“Well, I’ll tell you, it keeps losing money. Tom Siebel should not have that keep. He’s the chairman, CEO, founder. There are so many better ones out there. As much as I like Tom, I’m just going to tell you no, go with something that’s even, that’s high. Now, Palantir’s a meme stock and we know that.”
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Disclosure: None. This article is originally published at Insider Monkey.
