Coveo Solutions (TSE:CVO) Announces Quarterly Earnings Results

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

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 19.7%

Coveo Solutions stock opened at C$3.74 on Friday. The company has a current ratio of 1.47, a quick ratio of 3.14 and a debt-to-equity ratio of 16.61. Coveo Solutions has a 12 month low of C$3.59 and a 12 month high of C$9.53. The stock’s 50 day simple moving average is C$4.41 and its two-hundred day simple moving average is C$5.51. The firm has a market cap of C$352.03 million, a PE ratio of -10.69, a P/E/G ratio of 0.09 and a beta of 1.33.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CVO shares. BMO Capital Markets cut their price objective on Coveo Solutions from C$10.00 to C$6.00 and set an “outperform” rating on the stock in a report on Thursday. TD cut their price objective on Coveo Solutions from C$9.50 to C$6.50 and set a “buy” rating on the stock in a report on Thursday. National Bank Financial cut their price objective on Coveo Solutions from C$7.00 to C$5.50 and set a “sector perform” rating on the stock in a report on Wednesday. Finally, 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 research note on Friday, January 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$9.07.

Coveo Solutions Company Profile

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.