Kingsoft Cloud downgraded by Goldman with a new price target
$KC
Computer Software: Prepackaged Software
Technology
Goldman downgraded Kingsoft Cloud from Buy to Neutral and set a new price target of $18.00 from $37.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/21/2024 | $5.00 | Neutral → Buy | Citigroup |
| 3/21/2024 | $4.40 | Underperform → Outperform | CLSA |
| 3/11/2024 | Neutral → Overweight | JP Morgan | |
| 6/1/2023 | $4.50 | Sell → Neutral | Goldman |
| 4/24/2023 | $4.00 → $5.09 | Neutral → Sell | Goldman |
| 9/7/2022 | $8.50 → $3.00 | Buy → Neutral | Citigroup |
| 4/11/2022 | $9.50 | Neutral | Goldman |
| 3/14/2022 | $3.50 | Neutral → Underweight | JP Morgan |
Citigroup upgraded Kingsoft Cloud from Neutral to Buy and set a new price target of $5.00
CLSA upgraded Kingsoft Cloud from Underperform to Outperform and set a new price target of $4.40
JP Morgan upgraded Kingsoft Cloud from Neutral to Overweight
SC 13G - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)
SC 13G/A - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)
SC 13G/A - Kingsoft Cloud Holdings Ltd (0001795589) (Subject)
BEIJING, Dec. 29, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced that the shareholders of the Company duly adopted all the resolutions proposed by the Company at its extraordinary general meeting of shareholders held in Beijing today, with high approval rate, paving way to Company's proposed listing on Main Board of The Stock Exchange of Hong Kong Limited. Earlier on December 23, 2022, the Company announced the proposed dual primary listing of its ordinary shares, par value US$0.001 per share by way of introduction on the Main Board of The Stock Exchange
BEIJING, April 14, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced the appointment of Ms. Jingyuan Qu as an independent director of its board of directors (the "Board"), effective immediately, based on the recommendations of the nominating and corporate governance committee of the Board. The Board also appointed Ms. Qu as a member of the audit committee, the compensation committee, and the nominating and corporate governance committee, effective immediately. Ms. Qu will replace Mr. Kuiguang Niu who has resigned from his position as a member of the Board and
BEIJING, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public
BEIJING, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ:KC) ("Kingsoft Cloud" or the "Company"), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the second quarter 2024 ended June 30, 2024 before the open of U.S. markets on Tuesday, August 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Tuesday August 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI2ed9e3a7930e4c958cfbd29da2a97c19
BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for se
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
6-K - Kingsoft Cloud Holdings Ltd (0001795589) (Filer)
BEIJING, Aug. 20, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the second quarter ended June 30, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We are pleased to record another strong quarter with advances in revenue expansion, margin improvements and operating cash net inflow. Our high-quality and sustainable development strategy continued to bear fruits. During the past quarter, embracing AI opportunities, we have recorded AI revenue of RMB326 million, approximately 26% of revenues from public
BEIJING, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (NASDAQ:KC) ("Kingsoft Cloud" or the "Company"), a leading independent cloud service provider in China, today announced that it will release its unaudited financial results for the second quarter 2024 ended June 30, 2024 before the open of U.S. markets on Tuesday, August 20, 2024. Kingsoft Cloud's management will host an earnings conference call on Tuesday August 20, 2024 at 8:15 am, U.S. Eastern Time (8:15 pm, Beijing/Hong Kong Time on the same day). Preregistration InformationParticipants can register for the conference call by navigating to https://register.vevent.com/register/BI2ed9e3a7930e4c958cfbd29da2a97c19
BEIJING, May 22, 2024 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited ("Kingsoft Cloud" or the "Company") (NASDAQ:KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 31, 2024. Mr. Tao Zou, Chief Executive Officer of Kingsoft Cloud, commented, "We welcome 2024 with an important milestone in our journey of high-quality and sustainable development. Our adjusted EBITDA turned profit, arriving at RMB33.2 million, representing an adjusted EBITDA margin of 1.9%. Our revenue has returned to sequential increase for the past two quarters and our adjusted gross margin has been consecutively increased for se
Gainers Focus Universal (NASDAQ:FCUV) shares moved upwards by 6.8% to $0.26 during Monday's after-market session. The company's market cap stands at $16.8 million. Karooooo (NASDAQ:KARO) shares increased by 3.96% to $30.41. The company's market cap stands at $939.6 million. CommScope Hldg Co (NASDAQ:COMM) stock moved upwards by 3.38% to $1.22. The market value of their outstanding shares is at $258.9 million. XIAO-I (NASDAQ:AIXI) shares moved upwards by 3.0% to $0.75. The market value of their outstanding shares is at $54.9 million. Kingsoft Cloud Hldgs (NASDAQ:KC) stock rose 2.76% to $2.9. The market value of their outstanding shares is at $688.1 million. SMX (Security Matters) (NASDA
Kingsoft Cloud Holdings Ltd (NASDAQ:KC) reported a fiscal first-quarter 2024 revenue of 1.78 billion Chinese yuan ($245.9 million), down by 4.8% year-on-year, missing the analyst consensus estimate of $248.3 million. The decrease was in line with its expectation along with its scaling down of content delivery network (CDN) services, and more stringent project selection of enterprise cloud projects. Adjusted loss per ADS was $0.12, beating the analyst consensus estimate of $0.14 loss. Revenues from public cloud services increased by 2.9% Y/Y to $164.4 million mainly due to the growth of AI demands. Revenues from enterprise cloud services were $81.5 million, a decrease of 17.2% Y