Streetbeat News

KC

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

4.03

Mkt cap

938M

Volume

2.1M

High

4.17

P/E Ratio

-3.90

52-wk high

5.80

Low

3.89

Div yield

N/A

52-wk low

2.02

Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported a fiscal first-quarter 2024 revenue of $245.9 million, down 4.8% year-on-year, missing the analyst consensus estimate of $248.3 million. Despite the revenue dip, the company saw a 2.9% increase in public cloud services revenue due to AI demand. Adjusted loss per ADS was $0.12, beating the consensus estimate of $0.14 loss. The stock has lost 34% in the last 12 months and traded lower by 2.5% at $3.11 recently.

Portfolio Pulse from Anusuya Lahiri

May 22, 2024 | 2:40 pm

Kingsoft Cloud Holdings reported its Q1 adjusted EPADS of $(0.12), which beat the estimate of $(0.14).

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:24 am

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q1 sales of $245.93 million, missing the analyst consensus estimate of $248.31 million by 0.96%. This represents a 9.41% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 11:18 am

TeraWulf Inc. reported disappointing Q1 results, leading to a 9.3% drop in pre-market trading. Other companies like StoneCo, TMC the metals company, MMTec, Kingsoft Cloud, Cognyte Software, Ginkgo Bioworks, Maplebear, and Burford Capital also saw pre-market declines after various announcements.

Portfolio Pulse from Avi Kapoor

May 14, 2024 | 9:24 am

US-listed Chinese stocks are trading higher due to a rise in consumer prices, suggesting an increase in consumer demand.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 2:46 pm

Tech sector stocks are trading higher following the Federal Reserve's decision to leave rates unchanged. Fed Chair Powell also mentioned that a rate hike is unlikely in the next policy move, boosting market optimism.

Portfolio Pulse from Benzinga Newsdesk

May 02, 2024 | 7:32 pm

In Friday's intraday session, 12 Information Technology stocks showed significant movement. Focus Universal, Infobird Co, Maxeon Solar Technologies, Rubicon Technologies, Kingsoft Cloud Holdings, and Mobix Labs were among the gainers, with Focus Universal leading with a 36.0% increase. On the downside, ReAlpha Tech Corp, Atomera, MMTEC, Strong Global, BIT Mining, and Intel reported losses, with ReAlpha Tech Corp experiencing an 18.0% decline. Notably, Atomera and Intel's stock movements were influenced by their Q1 earnings reports.

Portfolio Pulse from Benzinga Insights

April 26, 2024 | 4:31 pm

Tech sector stocks are down due to market uncertainty and doubts about potential rate cuts.

Portfolio Pulse from Benzinga Newsdesk

April 12, 2024 | 7:38 pm

In Thursday's after-market session, 12 Information Technology stocks showed significant movement. Porch Group, Thoughtworks Holding, Presto Automation, Maxeon Solar Technologies, Kingsoft Cloud Holdings, and Expensify were among the gainers, with increases ranging from 4.43% to 5.5%. Conversely, Casa Systems, Cyngn, WM Tech, Bridgeline Digital, Baijiayun Group, and MariaDB were the losers, with decreases ranging from 4.33% to 8.0%.

Portfolio Pulse from Benzinga Insights

April 04, 2024 | 8:31 pm

Jefferies analyst Thomas Chong maintains a Buy rating on Kingsoft Cloud Holdings (NASDAQ:KC) and raises the price target from $3.4 to $3.8.

Portfolio Pulse from Benzinga Newsdesk

March 25, 2024 | 4:06 pm

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