Kingsoft Cloud (NASDAQ:KC) Posts Earnings Results, Beats Expectations By $0.03 EPS

Kingsoft Cloud (NASDAQ:KC) released its earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.03, FiscalAI reports. The business had revenue of $452.16 million during the quarter, compared to the consensus estimate of $446.34 million. Kingsoft Cloud had a negative net margin of 9.38% and a negative return on equity of 11.67%.

Kingsoft Cloud Stock Performance

Shares of Kingsoft Cloud stock opened at $10.84 on Wednesday. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of -23.06 and a beta of 1.99. Kingsoft Cloud has a twelve month low of $8.35 and a twelve month high of $18.52. The company’s fifty day moving average is $10.40 and its 200 day moving average is $12.87. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.37.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Jefferies Financial Group reissued a “buy” rating and set a $17.00 price target on shares of Kingsoft Cloud in a research report on Thursday, July 16th. Morgan Stanley started coverage on Kingsoft Cloud in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $15.00 price target for the company. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Kingsoft Cloud in a report on Friday, July 17th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.15.

Insider Transactions at Kingsoft Cloud

In other Kingsoft Cloud news, CEO Tao Zou sold 300,000 shares of Kingsoft Cloud stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $0.64, for a total transaction of $192,000.00. Following the transaction, the chief executive officer directly owned 1,700,000 shares of the company’s stock, valued at approximately $1,088,000. The trade was a 15.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 14.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kingsoft Cloud

A number of hedge funds have recently made changes to their positions in KC. Caitong International Asset Management Co. Ltd bought a new stake in Kingsoft Cloud in the fourth quarter valued at approximately $63,000. Equitable Holdings Inc. bought a new position in Kingsoft Cloud during the 3rd quarter worth approximately $150,000. Nomura Holdings Inc. acquired a new position in shares of Kingsoft Cloud in the 2nd quarter worth approximately $175,000. Engineers Gate Manager LP lifted its position in shares of Kingsoft Cloud by 50.2% in the 4th quarter. Engineers Gate Manager LP now owns 17,025 shares of the company’s stock worth $176,000 after purchasing an additional 5,690 shares during the period. Finally, Empowered Funds LLC bought a new stake in shares of Kingsoft Cloud in the 4th quarter valued at $180,000. 13.40% of the stock is currently owned by institutional investors.

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.