CareCloud (CCLD) Set to Announce Quarterly Earnings on Tuesday

CareCloud (NASDAQ:CCLDGet Free Report) is scheduled to be announcing its earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

CareCloud (NASDAQ:CCLDGet Free Report) last posted its earnings results on Tuesday, August 13th. The company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.10. CareCloud had a negative net margin of 40.28% and a negative return on equity of 82.03%. The company had revenue of $28.09 million during the quarter, compared to analysts’ expectations of $27.89 million. On average, analysts expect CareCloud to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

CareCloud Stock Down 1.3 %

Shares of CCLD traded down $0.03 during mid-day trading on Tuesday, hitting $2.35. 2,853 shares of the company traded hands, compared to its average volume of 578,639. The company has a quick ratio of 1.01, a current ratio of 1.03 and a debt-to-equity ratio of 0.12. The business has a 50 day moving average of $2.54 and a 200 day moving average of $2.29. The company has a market capitalization of $38.09 million, a PE ratio of -0.66 and a beta of 1.37. CareCloud has a 1-year low of $0.68 and a 1-year high of $3.80.

Analyst Upgrades and Downgrades

Separately, Benchmark raised their price target on shares of CareCloud from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Tuesday, August 27th.

Check Out Our Latest Research Report on CCLD

About CareCloud

(Get Free Report)

CareCloud, Inc, a healthcare information technology (IT) company, provides a suite of cloud-based solutions and related business services to healthcare providers and hospitals primarily in the United States. It operates in two segments, Healthcare IT and Medical Practice Management. The company's portfolio of proprietary software and business services includes technology-enabled business solutions; cloud-based software; digital health services; healthcare IT professional services and staffing; and medical practice management services.

Featured Articles

Earnings History for CareCloud (NASDAQ:CCLD)

Receive News & Ratings for CareCloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareCloud and related companies with MarketBeat.com's FREE daily email newsletter.