CareCloud (CCLD) to Release Quarterly Earnings on Thursday

CareCloud (NASDAQ:CCLD) is expected to issue its quarterly earnings data before the market opens on Thursday, March 13th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $27.99 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CareCloud Trading Up 4.3 %

CCLD stock opened at $3.12 on Thursday. CareCloud has a 52 week low of $1.01 and a 52 week high of $4.84. The company has a market capitalization of $50.72 million, a price-to-earnings ratio of -0.97 and a beta of 1.41. The firm’s 50-day moving average is $3.54 and its two-hundred day moving average is $3.09.

Analyst Upgrades and Downgrades

CCLD has been the topic of a number of recent analyst reports. Roth Capital downgraded shares of CareCloud from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Roth Mkm cut shares of CareCloud from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $5.00 to $3.50 in a research note on Wednesday, November 13th. Finally, Benchmark reaffirmed a “buy” rating and issued a $4.50 price objective on shares of CareCloud in a research note on Friday, November 15th.

CareCloud Company Profile

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.