eGain Corporation (NASDAQ: EGAN) Expands AI Capabilities
We recently published a list of Top 11 Trending AI News And Wall Street Ratings. In this article, we explore eGain Corporation's position among top AI stocks.
On February 14th, the S&P 500 approached record highs amidst a busy week of US tariff hikes, inflation updates, and mixed earnings reports. Notably, several major stocks showed growth due to optimism surrounding AI-chip demand.
The global AI race is intensifying, with DeepSeek AI aiding Chinese chipmakers to reduce reliance on US technology amid ongoing export restrictions. In response, the US is forming partnerships with Asian nations, including a collaboration with India announced on February 13th, focusing on enhancing AI infrastructure and investments in data centers.
“The US and India will work together to enable industry partnerships and investments in next-generation data centers...,” stated both countries in a joint announcement.
We selected AI stocks based on news articles, stock analysis, and press releases, ranking them by hedge fund sentiment from our database of 900 hedge funds. Our research indicates that mimicking top hedge fund picks can lead to market outperformance.
eGain's Performance Overview
eGain Corporation offers an AI-powered knowledge hub and SaaS-based analytics to enhance customer engagement across various channels like web, mobile, and contact centers. In Q2, eGain's revenue decreased by 6% year-over-year to $22.4 million, slightly below the consensus estimate of $22.53 million. The GAAP net income was $671,000, down from $2.2 million the previous year.
“We won several new enterprise logos in the second quarter,” said CEO Ashu Roy, highlighting a 17% YoY growth in annual recurring revenue from AI Knowledge Hub customers. The company sees a strategic focus on customer service automation, leading to an increasing number of seven-figure ARR deals in their sales pipeline.
Overall, eGain ranks 6th on our trending AI stocks list. While we recognize its potential, we believe that other AI stocks may offer higher returns in a shorter timeframe.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
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