Shares of the automation-software company tumbled after it cut its forecast for revenue and said the CEO is stepping down.
Shares of UiPath (PATH) lost nearly a third of their value in Thursday's premarket session after the automation software company announced an unexpected CEO shakeup and provided current-quarter sales guidance that came in significantly below Wall Street estimates.
PATH stock is now the cheapest it has ever been.
UiPath Inc. (NYSE:PATH ) Q1 2025 Earnings Conference Call May 29, 2024 5:00 PM ET Company Participants Allise Furlani - Senior Director of Investor Relations Daniel Dines - Founder and Chief Innovation Officer Ashim Gupta - Chief Financial Officer Conference Call Participants Jake Roberge - William Blair Arti Vula - JPMorgan Shel McMeans - Barclays Chirag Ved - Evercore ISI Bryan Bergin - TD Cowen Mike Richards - RBC Capital Markets Conor Castro - Truist Securities Michael Turrin - Wells Fargo Securities Ryan Krieger - Wolfe Research Scott Berg - Needham and Company Jason Celino - KeyBanc Capital Markets Operator Greetings and welcome to the UiPath First Quarter 2025 Earnings Conference Call. At this time, all participants are in a listen-only mode.
The headline numbers for UiPath (PATH) give insight into how the company performed in the quarter ended April 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UiPath (PATH) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.11 per share. This compares to earnings of $0.11 per share a year ago.
UiPath shares tank 30% after company announces CEO shakeup
UiPath Inc. was on track to shed about 30% of its value based on Wednesday's after-hours trading action, as the company came up way short on guidance and announced a leadership change.
Wood added to her positions in UiPath, Roblox, and AMD on Tuesday. UiPath reports quarterly results on Wednesday.
UiPath's (PATH) top line in the first quarter of fiscal 2025 is likely to increase year over year.
We expect UiPath (PATH) to report strong top and bottom lines in the first quarter of fiscal 2025.
This AI stock is perhaps a surprising choice because of its size and disappointing performance so far in 2024. However, it has tremendous growth prospects.