Nomura Instinet Downgrades Kingsoft Cloud Holdings to Neutral, Lowers Price Target to $33
Nomura Instinet downgrades Kingsoft Cloud Holdings (NASDAQ:KC) from Buy to Neutral and lowers the price target from $45 to $33.
Kingsoft Cloud Stock Gains After 42% Q2 Revenue Growth; Issues Robust Q3 Outlook
Chinese cloud service provider Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported second-quarter FY21 revenue growth of 41.6% year-on-year to $336.7 million (RMB2.17 billion),…
Recap: Kingsoft Cloud Q2 Earnings
Shares of Kingsoft Cloud Holdings (NASDAQ:KC) fell 8.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share decreased 700.00% over the past year to ($0.16), which missed the estimate of ($0.13).
Kingsoft Cloud Holdings Q2 EPS $(0.01) Beats $(0.13) Estimate, Sales $336.70M Beat $335.16M Estimate
Kingsoft Cloud Holdings (NASDAQ:KC) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.13) by 92.31 percent. This is a 50 percent increase over losses of $(0.02) per share
Earnings Scheduled For August 25, 2021
Companies Reporting Before The Bell
• Jiayin Gr (NASDAQ:JFIN) is projected to report quarterly earnings at $0.21 per share on revenue of $54.80 million.
Understanding Kingsoft Cloud Holdings’s Unusual Options Activity
Shares of Kingsoft Cloud Holdings (NASDAQ:KC) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $29.06.
Understanding Kingsoft Cloud Holdings’s Unusual Options Activity
On Friday, shares of Kingsoft Cloud Holdings (NASDAQ:KC) saw unusual options activity. After the option alert, the stock price moved down to $27.66.
