Kingsoft Cloud (NYSE:KC) posted its earnings results on Tuesday. The company reported ($0.80) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.86) by $0.06, Fidelity Earnings reports.
Shares of NYSE:KC opened at $35.06 on Friday. The stock has a 50 day moving average of $32.52. Kingsoft Cloud has a twelve month low of $17.01 and a twelve month high of $42.80.
A number of research analysts have issued reports on the stock. CLSA assumed coverage on shares of Kingsoft Cloud in a research note on Tuesday, November 3rd. They set a “buy” rating for the company. Zacks Investment Research raised shares of Kingsoft Cloud from a “sell” rating to a “hold” rating in a research note on Wednesday, October 21st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $33.00.
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; enterprise cloud services to customers in financial service, public service, and healthcare businesses among others.
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