Kingsoft Cloud (KC) Projected to Post Earnings on Wednesday

Kingsoft Cloud (NASDAQ:KC) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect Kingsoft Cloud to post earnings of ($0.11) per share and revenue of $2.11 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Kingsoft Cloud Price Performance

Shares of NASDAQ KC opened at $18.09 on Wednesday. Kingsoft Cloud has a twelve month low of $2.02 and a twelve month high of $22.26. The firm has a fifty day simple moving average of $14.43 and a 200 day simple moving average of $8.19. The company has a market capitalization of $4.59 billion, a PE ratio of -15.08 and a beta of 2.23. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.10.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Nomura Securities downgraded shares of Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 3rd. Nomura downgraded shares of Kingsoft Cloud from a “buy” rating to a “neutral” rating in a research report on Monday, March 3rd. Finally, UBS Group upgraded shares of Kingsoft Cloud from a “neutral” rating to a “buy” rating and boosted their target price for the company from $4.20 to $12.50 in a research report on Friday, December 6th. 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 presently has an average rating of “Moderate Buy” and an average target price of $5.93.

Kingsoft Cloud Company Profile

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.