Kingsoft Cloud (NASDAQ:KC) Releases Earnings Results, Beats Estimates By $0.01 EPS

Kingsoft Cloud (NASDAQ:KC) issued its quarterly earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.01, Briefing.com reports. Kingsoft Cloud had a negative return on equity of 13.06% and a negative net margin of 9.74%.During the same quarter last year, the firm earned ($0.08) earnings per share. The company’s quarterly revenue was up 37.2% compared to the same quarter last year.

Kingsoft Cloud Stock Performance

Shares of NASDAQ KC opened at $13.03 on Wednesday. The business has a fifty day simple moving average of $15.15 and a 200 day simple moving average of $13.28. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $3.94 billion, a price-to-earnings ratio of -26.59 and a beta of 2.04. Kingsoft Cloud has a one year low of $10.29 and a one year high of $18.52.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd acquired a new position in shares of Kingsoft Cloud in the fourth quarter valued at $63,000. Equitable Holdings Inc. acquired a new position in Kingsoft Cloud during the third quarter worth $150,000. Nomura Holdings Inc. acquired a new position in Kingsoft Cloud during the second quarter worth $175,000. Scientech Research LLC acquired a new position in Kingsoft Cloud during the third quarter worth $240,000. Finally, Engineers Gate Manager LP raised its stake in Kingsoft Cloud by 50.2% during the fourth quarter. Engineers Gate Manager LP now owns 17,025 shares of the company’s stock worth $176,000 after acquiring an additional 5,690 shares in the last quarter. 13.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Tuesday, April 21st. Zacks Research lowered Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Jefferies Financial Group upped their target price on Kingsoft Cloud from $17.00 to $19.00 and gave the company a “buy” rating in a research note on Wednesday, March 25th. Finally, The Goldman Sachs Group upgraded Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 target price for the company in a research note on Tuesday, February 10th. Four investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $18.53.

Kingsoft Cloud Company Profile

Kingsoft Cloud Holdings Limited (NASDAQ: KC) is a leading provider of cloud computing services in China, offering a comprehensive suite of infrastructure and platform solutions to enterprise customers. Established in 2012 as a subsidiary of Kingsoft Corporation, the company has grown into an independent public entity with dual listings, serving as a critical backbone for digital transformation across multiple industries. Headquartered in Beijing, Kingsoft Cloud leverages advanced technologies to optimize cloud operations and deliver scalable, reliable services.

The company’s core offerings span Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS), encompassing compute, storage, database, content delivery networks (CDN) and security solutions.