Coveo Solutions (TSE:CVO) Announces Quarterly Earnings Results

Coveo Solutions (TSE:CVO) announced its quarterly earnings data on Wednesday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports. Coveo Solutions had a negative net margin of 22.49% and a negative return on equity of 28.39%. The firm had revenue of C$54.02 million for the quarter.

Here are the key takeaways from Coveo Solutions’ conference call:

• Coveo said fiscal Q4 delivered a record fourth quarter for new business bookings, capping its best full-year bookings performance ever in fiscal 2026.
• The company highlighted strong momentum in B2B commerce and generative AI, including nearly doubling its GenAI customer count year over year and keeping GenAI net expansion above 150%.
• Coveo signed several large enterprise deals, including its largest deal ever for a Global 1000 industrial manufacturer, and said these strategic wins can generate substantial customer ROI over time.
• Management is shifting go-to-market resources toward larger, more strategic multi-use-case customers in B2B, commerce, GenAI, and complex enterprises, while de-emphasizing smaller, more mature cohorts with lower expansion potential.
• Fiscal 2027 guidance calls for 10%-13% core platform SaaS growth and $2 million to $7 million of adjusted EBITDA, with management noting caution around timing of large deals and more modest renewal dynamics in older cohorts.

Coveo Solutions Trading Down 4.1%

TSE:CVO opened at C$4.66 on Thursday. The company has a market cap of C$438.63 million, a P/E ratio of -13.31, a P/E/G ratio of 0.09 and a beta of 1.33. The stock’s fifty day moving average price is C$4.43 and its two-hundred day moving average price is C$5.53. Coveo Solutions has a 1 year low of C$4.11 and a 1 year high of C$9.53. The company has a debt-to-equity ratio of 16.61, a current ratio of 1.47 and a quick ratio of 3.14.

Analysts Set New Price Targets

Several brokerages have weighed in on CVO. TD Securities reduced their price objective on Coveo Solutions from C$12.00 to C$9.50 and set a “buy” rating for the company in a report on Friday, January 30th. National Bank Financial dropped their target price on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a research report on Wednesday. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Coveo Solutions currently has an average rating of “Moderate Buy” and a consensus price target of C$10.20.

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.