Kingsoft Cloud (NASDAQ:KC) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Kingsoft Cloud (NASDAQ:KC) announced its quarterly earnings results on Wednesday. The company reported ($0.08) EPS for the quarter, beating the consensus estimate 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%.The company’s revenue for the quarter was up 37.2% on a year-over-year basis. During the same period in the previous year, the business posted ($0.08) earnings per share.

Kingsoft Cloud Stock Down 8.4%

Shares of Kingsoft Cloud stock opened at $13.03 on Wednesday. The stock has a market capitalization of $3.94 billion, a P/E ratio of -26.59 and a beta of 2.04. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $15.15 and a two-hundred day moving average price of $13.28. Kingsoft Cloud has a 12-month low of $10.29 and a 12-month high of $18.52.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Zacks Research cut Kingsoft Cloud from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. The Goldman Sachs Group raised Kingsoft Cloud from a “neutral” rating to a “buy” rating and set a $15.60 price target for the company in a research note on Tuesday, February 10th. Jefferies Financial Group boosted their price target 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Kingsoft Cloud in a research note on Tuesday, April 21st. Four analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.53.

Institutional Investors Weigh In On Kingsoft Cloud

A number of large investors have recently added to or reduced their stakes in KC. Artisan Partners Limited Partnership lifted its holdings in shares of Kingsoft Cloud by 16.4% during the fourth quarter. Artisan Partners Limited Partnership now owns 4,016,945 shares of the company’s stock worth $41,535,000 after buying an additional 564,907 shares during the last quarter. Defiance ETFs LLC acquired a new position in shares of Kingsoft Cloud during the fourth quarter worth approximately $6,463,000. LMR Partners LLP lifted its holdings in shares of Kingsoft Cloud by 1,114.5% during the second quarter. LMR Partners LLP now owns 518,200 shares of the company’s stock worth $6,488,000 after buying an additional 475,533 shares during the last quarter. Central Asset Investments & Management Holdings HK Ltd acquired a new position in shares of Kingsoft Cloud during the third quarter worth approximately $6,896,000. Finally, Bank of America Corp DE lifted its holdings in shares of Kingsoft Cloud by 51.5% during the second quarter. Bank of America Corp DE now owns 271,263 shares of the company’s stock worth $3,396,000 after buying an additional 92,185 shares during the last quarter. Institutional investors own 13.40% of the company’s stock.

About Kingsoft Cloud

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.