Kingsoft Cloud (KC) Expected to Announce Quarterly Earnings on Wednesday

Kingsoft Cloud (NASDAQ:KC) will likely be issuing its quarterly earnings data 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Kingsoft Cloud Stock Up 4.2 %

NASDAQ KC opened at $18.03 on Tuesday. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $22.26. 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 stock has a market cap of $4.57 billion, a PE ratio of -15.03 and a beta of 2.23. The firm has a 50-day simple moving average of $14.96 and a 200 day simple moving average of $8.61.

Analysts Set New Price Targets

KC has been the topic of several recent research reports. UBS Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $4.20 to $12.50 in a report on Friday, December 6th. Nomura downgraded shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Nomura Securities cut shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $5.93.

About Kingsoft Cloud

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.