Streetbeat News

Kingsoft Cloud Holdings Limited

https://www.ksyun.com

Industry

Software - Application

Kingsoft Cloud Holdings Limited provides cloud services to businesses and organizations in China. The company offers public cloud services to customers in various verticals, including game, video, AI, e-commerce, education, and mobile internet; and enterprise cloud services to customers in financial service, public service, and healthcare businesses. The company was incorporated in 2012 and is headquartered in Beijing, the People's Republic of China.

Open

17.16

Mkt cap

274M

Volume

1.7M

High

17.35

P/E Ratio

-14.67

52-wk high

22.26

Low

16.97

Div yield

N/A

52-wk low

2.02

12 IT stocks experienced significant price movements during Thursday's pre-market session, with 6 gainers and 6 losers. Notable gainers include Airspan Networks, AstroNova, and Actelis Networks, while notable losers include ClearOne, DZS, and C3.ai.

Portfolio Pulse from Benzinga Insights

June 01, 2023 | 1:11 pm

Goldman Sachs analyst Timothy Zhao upgraded Kingsoft Cloud Holdings (NASDAQ:KC) from Sell to Neutral and announced a $4.5 price target.

Portfolio Pulse from richadhand@benzinga.com

June 01, 2023 | 12:58 pm

Chewy shares rose 17% in pre-market trading following a strong Q1 report. Other pre-market gainers include Airspan Networks, T2 Biosystems, AGBA Group Holding, Wejo Group, VCI Global, Hoth Therapeutics, Apollomics, AstroNova, and Kingsoft Cloud Holdings. Pre-market losers include C3.ai, Aridis Pharmaceuticals, Okta, Eledon Pharmaceuticals, Lexicon Pharmaceuticals, VolitionRx, Victoria's Secret, IM Cannabis, QualTek Services, and VIQ Solutions.

Portfolio Pulse from Lisa Levin

June 01, 2023 | 11:55 am

US stocks traded mixed with the Dow Jones dropping over 100 points, while NASDAQ rose 0.14% and the S&P 500 fell 0.15%. Information technology shares rose by 0.7%, with Kingsoft Cloud Holdings Limited (KC) and C3.ai, Inc. (AI) as top gainers. Arlington Asset Investment Corp. (AAIC) shares shot up 47% after Ellington Financial announced plans to acquire the company.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 6:50 pm

Portfolio Pulse from Benzinga Newsdesk

May 30, 2023 | 6:19 pm

Nvidia shares are trading higher by over 5% after the company announced it would build the Israel-1 generative AI cloud supercomputer. Other stocks moving in Tuesday's mid-day session include QualTek Services, T2 Biosystems, Aclarion, Arlington Asset Investment Corp, and GreenLight Biosciences Holdings.

Portfolio Pulse from Lisa Levin

May 30, 2023 | 5:27 pm

Chinese stocks are trading lower due to concerns over a potential COVID wave in China, affecting companies like BILI, JD, and KC.

Portfolio Pulse from Benzinga Newsdesk

May 25, 2023 | 3:54 pm

CohBar shares surged 161% after announcing an all-stock transaction with Morphogenesis to form a company focused on late-stage oncology pipeline. Other stocks with significant movement include HeartCore Enterprises, Ocean Biomedical, and Shuttle Pharmaceuticals.

Portfolio Pulse from Lisa Levin

May 23, 2023 | 5:47 pm

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported Q1 FY23 earnings that missed estimates, with revenue of $271.48 million and an EPS loss of $(0.25). The decline in revenue was mainly due to the scaling down of CDN services and decreases in public and enterprise cloud services. The company's non-GAAP gross margin expanded to 10.4%.

Portfolio Pulse from Nabaparna Bhattacharya

May 23, 2023 | 3:49 pm

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