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KC Buyback image

Kingsoft Cloud Holdings Limited Buyback

OLI recorded this information on 3/31/2022

Company: Kingsoft Cloud Holdings Limited
Buyback: KC buyback
$Amount Authorized: $100,000,000
Buyback Details: Kingsoft Cloud Holdings Limited ("we," "Kingsoft Cloud" or the "Company") (NASDAQ: KC), a leading independent cloud service provider in China, today announced that its board of directors has authorized the Company to adopt a share repurchase program under which the Company may repurchase up to US$100 million of its ordinary shares in the form of American depositary shares ("ADSs") during a twelve-month period (the "Share Repurchase Program").

Kingsoft Cloud Holdings is a holding company. Through its subsidiaries, Co. is engaged in the provision of cloud services. Co. has built a cloud platform consisting of cloud infrastructure, cloud products and industry-specific solutions across public cloud, enterprise cloud and IoT cloud services. Co.'s basic cloud computing products provide computing resources. Co. provides enterprise cloud products with control and customization available from dedicated cloud resources. Co.'s enterprise cloud products include its Galaxy Stack, DragonBase and KingStorage, among others. Co.'s IoT – Smart Living cloud products and solutions enable businesses to manage access of different IoT devices.
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KC — Key Stats (updated 22 hours, 36 minutes ago)
Company Name:  Kingsoft Cloud Holdings Ltd
Stock buyback:  KC buyback
Website:  www.ksyun.com
Sector:  Information Technology Software & Services
Number of ETFs Holding KC:  2
Total Market Value Held by ETFs:  $256386
Total Market Capitalization:  $79.00M
% of Market Cap. Held by ETFs:  0.32%
 

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May 1, 2024  •  9:42 AM Eastern
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Avg. Broker Rec.

Buy (3.00 out of 4)
28th percentile
(ranked lower than approx. 72% of all stocks covered)

Analysts' Target Price:
KC Stock Forecast

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