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Entrepreneur
Kurra Bewarse
Username: Entrepreneur

Post Number: 3319
Registered: 05-2011

Rating: N/A
Votes: 0

Posted on Wednesday, March 03, 2021 - 9:50 am:   


Farex:

AI is lowest today,,,,,,konalani undhi,,,,,any suggestions please?




C3 (AI) -12% reported underwhelming results given the 50x sales multiple. C3 reported revenue modestly above estimates, growing 19%, but missed billings estimates as the company goes after shorter term contracts.

Its hard to justify 50x sales when billings miss and revenue growth is less than 20%. The company guided Q4 revenue modestly above estimates with a slightly larger than expected net loss.


The company is diversifying its business away from the energy sector (38% mix down from 59% last year) and remains poised to accelerate growth but the multiple was too rich. Recall, I loved this stock heading into the IPO, but I sold for a quick gain in December as the multiple became excessive relative to the financial performance.

Throwing valuation aside, this looks like a good potential entry while the stock retests the low end of its range near $100/share. This stock may not get much cheaper, but I would like to at least wait for a flush under $100 before getting back in.

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