We recently published a list of 10 Stocks Skyrocketing Today. In this article, we are going to take a look at where Sprinklr Inc. (NYSE:CXM) stands against other stocks that are skyrocketing today.
The stock market ended mixed on Wednesday, with the Dow Jones emerging as the sole decliner, as investors digested more news of tariff threats from President Donald Trump.
The Dow dropped by 0.20 percent, while the S&P 500 and Nasdaq clocked in gains of 0.49 percent and 1.22 percent, respectively.
Meanwhile, 10 companies, predominantly those riding the AI wave, were touted as investors’ haven, clocking in gains during a cautious trading session.
In this article, we have identified the 10 strongest firms on Wednesday and detailed the reasons behind their performance.
To come up with the list, we considered only the stocks with at least $2 billion in market capitalization and $5 million in trading volume.
A software engineer working on a monitor in a modern office.
Sprinklr Inc. (NYSE:CXM)
Sprinklr surged by 16.58 percent on Wednesday to end at $9.42 each as investors cheered the company’s stellar earnings performance during the last quarter.
In a statement, CXM said net income for three months ending January 31, 2025, soared by 367 percent to $98.68 million from $21.14 million in the same period a year earlier, as revenues inched up by 4 percent to $202 million from $194 million.
Meanwhile, net income for the full year alone jumped by 136 percent to $121.6 million from $51.4 million, as revenues rose 8 percent to $796 million from $732 million.
Looking ahead, CXM expects total revenues for the next quarter to settle between $201.5 million and $202.5 million and between $821.5 million and $823.5 million for the full year.
“The transformation of Sprinklr is well underway, with swift actions taken to optimize our expense base, re-define our GTM coverage model, strengthen our product innovation roadmaps, and rebalance our investments and resources to better serve our customers and partners,” said CXM President and CEO Rory Read. “[Full Year 2026] will be a transition year for Sprinklr as we execute our strategy that we believe will position the company to drive durable, efficient growth as we march towards the Rule of 40,” the company said.
Overall, CXM ranks 2nd on our list of stocks that are skyrocketing today. While we acknowledge the potential of CXM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CXM but trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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