Kingsoft Cloud (NYSE:KC) Announces Earnings Results

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.

About Kingsoft Cloud

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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