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

During Monday's pre-market session, several information technology stocks experienced significant movement. Auddia, Wrap Technologies, NextNav, Movella Holdings, American Software, and XIAO-I saw their stocks rise, with XIAO-I announcing H1 earnings. On the other hand, MicroAlgo, GSE Systems, Dave, Ondas Holdings, Kingsoft Cloud Hldgs, and EMCORE saw their stocks fall.

Portfolio Pulse from Benzinga Insights

September 25, 2023 | 1:05 pm

Several US stocks traded higher on Friday, with notable gains recorded by Lifezone Metals Limited, Cheche Group Inc., Anterix Inc., Canopy Growth Corporation, Amprius Technologies, Inc., Kingsoft Cloud Holdings Limited, indie Semiconductor, Inc., UP Fintech Holding Limited, Alector, Inc., Beneficient, Standard Lithium Ltd., Alibaba Group Holding Limited, and Applied Digital Corporation. Factors contributing to the gains include business combinations, successful collaborations, share repurchase programs, stock offerings, and upcoming stock exchange debuts.

Portfolio Pulse from Lisa Levin

September 22, 2023 | 2:46 pm

Chinese stocks are trading lower due to economic concerns following recent economic data from China. The planned iPhone ban for government employees in China may escalate US-China tensions, while fears of a rate hike add further pressure.

Portfolio Pulse from Bill Haddad

September 07, 2023 | 3:25 pm

Shares of several tech companies are trading higher due to overall market strength following a drop in Treasury yields from the release of new U.S. economic data.

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 3:29 pm

Goldman Sachs analyst Timothy Zhao has maintained a Neutral rating on Kingsoft Cloud Holdings (NASDAQ:KC) and raised the price target from $4.5 to $5.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 12:44 pm

Kingsoft Cloud Holdings Limited (NASDAQ:KC) reported Q2 FY23 revenue of $253.14 million, missing the consensus of $268.15 million. Revenues fell 3.7% Y/Y. Adjusted earnings per ADS was $(0.18), beating the analyst consensus of $(0.20) loss. The decrease was mainly due to proactive scale-down of services for the two largest CDN customers and phasing-out of loss-making clients. Revenues from public cloud services decreased by 10.1% Y/Y, and enterprise cloud services rose by 9.5% Y/Y. Gross profit was $28.5 million, a record-high quarterly gross profit, representing a significant increase of 216.9% Y/Y. Q2 gross margin was 11.3%, compared with 3.4% in the same period in 2022. Kingsoft held $591.2 million in cash and equivalents at quarter end.

Portfolio Pulse from Nabaparna Bhattacharya

August 22, 2023 | 1:56 pm

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q2 losses of $(0.18) per share, beating the analyst consensus estimate of $(0.20) by 10 percent. However, the company's quarterly sales of $253.14 million missed the analyst consensus estimate of $268.15 million by 5.60 percent.

Portfolio Pulse from Happy Mohamed

August 22, 2023 | 12:20 pm

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q2 losses of $(0.02) per share and sales of $253.10 million, missing the analyst consensus estimate of $268.15 million by 5.61 percent. This represents an 11.08 percent decrease over sales of $284.63 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 10:42 am

Kingsoft Cloud Holdings (NASDAQ:KC) reported Q2 sales of $313.24 million, beating the analyst consensus estimate of $268.15 million by 16.82 percent. This represents a 10.05 percent increase over sales of $284.63 million the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2023 | 10:30 am

Kingsoft Cloud Holdings (NASDAQ:KC) is set to release its latest quarterly earnings report on Tuesday, 2023-08-22. Analysts estimate an earnings per share (EPS) of $-0.20. The company's past performance shows a pattern of share price changes following earnings reports. The stock is currently trading at $5.11, up 79.4% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 21, 2023 | 3:01 pm

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