CareCloud (NASDAQ:CCLD) Issues FY 2025 Earnings Guidance

CareCloud (NASDAQ:CCLD) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.100-0.130 for the period, compared to the consensus EPS estimate of -0.210. The company issued revenue guidance of $111.0 million-$114.0 million, compared to the consensus revenue estimate of $112.2 million.

Analyst Ratings Changes

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

CareCloud Price Performance

CareCloud stock opened at $1.60 on Thursday. The business has a 50 day simple moving average of $3.34 and a 200 day simple moving average of $3.05. The company has a market capitalization of $26.01 million, a PE ratio of -0.50 and a beta of 1.55. CareCloud has a one year low of $1.01 and a one year high of $4.84.

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.