CareCloud (NASDAQ:CCLD) Announces Earnings Results, Misses Expectations By $0.01 EPS

CareCloud (NASDAQ:CCLD) posted its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.01), Zacks reports. CareCloud had a negative return on equity of 87.98% and a negative net margin of 35.25%. CareCloud updated its FY 2025 guidance to 0.100-0.130 EPS.

CareCloud Price Performance

Shares of CCLD opened at $1.60 on Thursday. CareCloud has a 1-year low of $1.01 and a 1-year high of $4.84. The company has a market capitalization of $26.01 million, a P/E ratio of -0.50 and a beta of 1.55. The firm’s 50 day simple moving average is $3.34 and its 200 day simple moving average is $3.05.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CCLD. Roth Mkm downgraded shares of CareCloud from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $5.00 to $3.50 in a report on Wednesday, November 13th. Roth Capital lowered shares of CareCloud from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Benchmark reissued a “buy” rating and issued a $4.50 price target on shares of CareCloud in a report on Friday, November 15th.

About CareCloud

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.