10:36 AM EDT, 08/13/2025 (MT Newswires) -- C3.ai ( AI ) reported preliminary fiscal Q1 results last week that Oppenheimer analysts described as "extremely weak," which may indicate "secular weakness in underlying trends."

The AI software provider "significantly lowered" revenue guidance for fiscal Q1 to about $70 million from about $105 million, which is a concern due to "the recurring nature of its Subscription revenues," and suggests that the subscription services "are not working as advertised," the analysts said in a Wednesday note.

The company is due to report full fiscal Q1 results on Sept. 3.

Oppenheimer downgraded C3.ai ( AI ) to market perform from outperform and removed its $45 price target.

Price: 17.57, Change: +0.66, Percent Change: +3.87