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

The article highlights three oversold tech stocks with RSI values near or below 30, suggesting they may be undervalued. SMX secured a $5 million NATO contract but fell 23% over five days. WETG found a $2 million expenditure inconsistency and fell 4% over five days. KC missed Q3 revenue estimates and fell 28% over a month.

Portfolio Pulse from Avi Kapoor

January 18, 2024 | 11:59 am

In Wednesday's after-market session, several information technology stocks experienced movement. Remark Holdings (MARK), SEALSQ (LAES), Peraso (PRSO), Inseego (INSG), WM Tech (MAPS), and MicroCloud Hologram (HOLO) saw gains, while GSE Systems (GVP), Kingsoft Cloud Holdings (KC), NVE (NVEC), Pagaya Technologies (PGY), and BIO-key International (BKYI) experienced declines. Notably, NVE's Q3 earnings report was released.

Portfolio Pulse from Benzinga Insights

January 17, 2024 | 9:31 pm

Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares dropped after reporting Q3 FY23 revenue of $222.754 million, below the expected $244.77 million, and a 17.5% Y/Y decline. Adjusted EPS was $(0.18), worse than the $(0.17) loss forecasted. The fall in revenue was attributed to scaling down CDN services and phasing out unprofitable clients. Public cloud services revenue decreased by 24.5%, and enterprise cloud services by 2.2%. However, gross profit rose by 60.3%, with a gross margin of 12.1% compared to 6.2% in the previous year, due to strategic adjustments and cost control. The company has $358.0 million in cash and equivalents. CEO Tao Zou plans to deepen strategic planning with Xiaomi and Kingsoft for AI cloud demand. KC shares fell by 12.16% to $4.84.

Portfolio Pulse from Nabaparna Bhattacharya

November 21, 2023 | 4:39 pm

Numerous companies are scheduled to report their earnings on November 21, 2023, both before the opening bell and after the closing bell. The list includes a variety of sectors, with companies such as Golden Ocean Group, Burlington Stores, Analog Devices, Best Buy, Lowe's Companies, NVIDIA, and HP among others. The earnings reports will provide investors with insights into each company's financial health and performance for the respective quarters.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 12:12 pm

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q3 earnings with an EPS of $-0.18, missing estimates by 5.88% compared to the expected $-0.17. Revenue decreased by $54.01 million from the same period last year. In the previous quarter, the company beat EPS estimates which led to a 1.57% increase in share price the following day. Historical earnings performance shows variability in meeting EPS estimates.

Portfolio Pulse from Benzinga Insights

November 21, 2023 | 11:30 am

Kingsoft Cloud Holdings (NASDAQ: KC) reported Q3 earnings with a loss per share of $(0.03), surpassing the estimated $(0.17) by 82.35%. Year-over-year, this represents an 89.29% improvement from a $(0.28) loss per share. However, their quarterly sales of $222.75M fell short of the expected $244.77M by 8.99%, and also showed a 19.52% decline from the previous year's $276.77M.

Portfolio Pulse from Benzinga Newsdesk

November 21, 2023 | 11:25 am

The article lists the stocks that have gained and lost the most in Tuesday's mid-day session. Some of the top gainers include InMed Pharmaceuticals, LianBio, Ascent Solar Technologies, and Falcon's Beyond Global. On the other hand, reAlpha Tech Corp, LumiraDx Limited, INVO Bioscience, and Markforged Holding Corporation were among the biggest losers.

Portfolio Pulse from Lisa Levin

October 24, 2023 | 6:12 pm

Shares of US-listed Chinese companies are trading higher following a report suggesting China may unleash a new fiscal stimulus.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2023 | 3:52 pm

Several stocks including Unity Software, Hertz Global Holdings, MorphoSys, Tigo Energy, Nokia, Kingsoft Cloud Holdings, Prudential, and Oatly Group are trading higher in Tuesday's pre-market session. Unity Software announced a CEO transition, causing its shares to surge by 6.7%. Hertz Global, which is scheduled to report its Q3 2023 financial results on Oct. 26, 2023, gained 5.6%. Tigo Energy shares, which fell around 29% on Monday, gained 5.5% after the company announced preliminary Q3 revenue below prior estimates.

Portfolio Pulse from Lisa Levin

October 10, 2023 | 10:09 am

Chinese stocks are trading higher due to speculation of property sector easing and economic recovery hopes. Stocks mentioned include BABA, BEKE, BIDU, EDU, JD, and PDD.

Portfolio Pulse from Benzinga Newsdesk

October 06, 2023 | 5:31 pm

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