C3.ai Faces Securities Class Action After 25% Stock Drop

Multiple securities fraud class action lawsuits have been filed against C3.ai following the company's announcement of significantly lower-than-expected preliminary financial results for the first quarter of fiscal 2026, with revenues reported between $70.2 million and $70.4 million, far below prior guidance of $100 million to $109 million. CEO Thomas Siebel attributed the disappointing sales to a disruptive reorganization with new leadership and his own health issues, which limited his active involvement in sales, contradicting earlier assurances in earnings calls that he was fully engaged and in good health. The news caused C3.ai's stock price to plummet by 25.58%, closing at $16.47 per share, prompting national law firms including Kaplan Fox, Hagens Berman, and Pomerantz LLP to initiate class action suits seeking to represent investors who suffered losses between February and August 2025. These lawsuits allege that C3.ai and its executives made materially false and misleading statements about the company's financial health and the CEO's condition, impacting investor decisions. Investors who acquired C3.ai securities during the specified class periods are being urged to contact these firms before the October 21, 2025 lead plaintiff deadline to participate in potential recoveries. The coordinated legal actions underscore concerns about corporate transparency and accountability following the sharp stock decline.