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

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 (NASDAQ:KC) is scheduled to release its quarterly earnings report on March 20, 2024. Analysts predict an EPS of $-0.16. The company's past earnings performance shows a mixed impact on its stock price, with the last quarter missing EPS estimates by $0.01, leading to a 1.35% drop in share price. Over the last year, KC shares have declined by 40.54%, indicating potential concern among long-term shareholders ahead of the earnings announcement.

Portfolio Pulse from Benzinga Insights

March 19, 2024 | 3:01 pm

Mesoblast Limited's shares surged by 13.4% after announcing FDA support for an accelerated approval pathway for rexlemestrocel-L. Other stocks also saw significant movements, with Kidpik Corp. leading the gainers with a 238% increase following a reverse stock split announcement. On the losers' side, Jeffs' Brands Ltd dropped by 45.2%. The market movements were influenced by various factors including FDA approvals, strategic plans, financial results expectations, and investment proposals.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 5:41 pm

In Monday's intraday session, several information technology stocks experienced significant movements. Notable gainers included Semilux International, Kingsoft Cloud Holdings, NextNav, GDS Holdings, Peraso, and CPI Card, with increases ranging from 18.3% to 45.5%. On the losing side, Veritone, OneSpan, Formula Systems, SMX, Spectaire Holdings, and Canaan saw declines between 9.62% and 12.5%. CPI Card and OneSpan's recent Q4 earnings reports were highlighted as relevant news.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 5:31 pm

Jefferies analyst Thomas Chong maintains a Buy rating on Kingsoft Cloud Holdings (NASDAQ:KC) but lowers the price target from $6.1 to $3.4.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 2:09 pm

In Monday's pre-market session, several Information Technology stocks showed significant movements. Notably, Auddia, Mawson Infra Gr, GDS Holdings, Kingsoft Cloud Hldgs, MicroStrategy, and BTC Digital experienced gains, while Semilux International, MultiSensor AI Holdings, AEye, Airship AI Holdings, Iveda Solutions, and Infobird Co faced declines. The movements reflect varying market capitalizations and investor sentiments towards these companies.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 1:05 pm

Kingsoft Cloud's stock is trading higher following an upgrade from Neutral to Overweight by JP Morgan.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 12:54 pm

Fangdd Network Group Ltd. (NASDAQ:DUO) shares surged 78.3% in pre-market trading after announcing its 2024 strategic plan to enter the real estate stock asset services sector. Other stocks showed significant movement in pre-market trading, with Kidpik Corp. (NASDAQ:PIK) and Auddia Inc. (NASDAQ:AUUD) among the top gainers, while Semilux International Ltd. (NASDAQ:SELX) and Lytus Technologies Holdings PTV. Ltd. (NASDAQ:LYT) led the losers.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 12:08 pm

In Monday's pre-market session, several stocks showed significant movement. GDS Holdings Limited (GDS) saw a sharp increase after reports of investment talks by Hillhouse Capital, Boyu Capital, and CDH Investments. Other stocks like Graphite Bio, Inc. (GRPH), Kingsoft Cloud Holdings Limited (KC), Revance Therapeutics, Inc. (RVNC), NuScale Power Corporation (SMR), Hesai Group (HSAI), MicroStrategy Incorporated (MSTR), Marathon Digital Holdings, Inc. (MARA), and Coinbase Global, Inc. (COIN) also recorded gains, with some driven by upcoming financial results and others by the strength in Bitcoin.

Portfolio Pulse from Avi Kapoor

March 11, 2024 | 9:50 am

JP Morgan analyst Allen Li upgraded Kingsoft Cloud Holdings (NASDAQ:KC) from Neutral to Overweight but lowered the price target from $4.5 to $4.2.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 9:36 am

Shares of tech sector companies are trading higher due to overall market strength, influenced by NVIDIA's strong Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 5:54 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.