Kingsoft Cloud (KC) Expected to Announce Earnings on Wednesday

Kingsoft Cloud (NASDAQ:KCGet Free Report) will likely be announcing its earnings results before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $2.11 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Kingsoft Cloud Stock Up 4.2 %

Shares of NASDAQ:KC opened at $18.03 on Tuesday. The company has a 50 day moving average price of $14.96 and a two-hundred day moving average price of $8.61. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.67 and a current ratio of 0.67. The company has a market capitalization of $4.57 billion, a PE ratio of -15.03 and a beta of 2.23. Kingsoft Cloud has a 52 week low of $2.02 and a 52 week high of $22.26.

Analyst Ratings Changes

A number of analysts recently commented on the stock. UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and upped their price objective for the company from $4.20 to $12.50 in a research report on Friday, December 6th. Nomura downgraded Kingsoft Cloud from a “buy” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, Nomura Securities lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 3rd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Kingsoft Cloud presently has an average rating of “Moderate Buy” and an average target price of $5.93.

Check Out Our Latest Analysis on Kingsoft Cloud

About Kingsoft Cloud

(Get Free Report)

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations primarily in China. The company's products portfolio includes cloud products, including infrastructure as a service (IaaS) infrastructure, platform as a service (PaaS) middleware, and software as a service (SaaS) applications that primarily consist of cloud computing, network, database, big data, security, storage, and delivery solutions.

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Earnings History for Kingsoft Cloud (NASDAQ:KC)

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