CareCloud (NASDAQ:CCLD) Updates FY 2025 Earnings Guidance

CareCloud (NASDAQ:CCLD) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.100-0.130 for the period, compared to the consensus earnings per share 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.

CareCloud Stock Performance

Shares of CCLD opened at $1.47 on Friday. The stock has a market capitalization of $23.90 million, a price-to-earnings ratio of -0.46 and a beta of 1.55. The stock’s 50-day simple moving average is $3.25 and its 200 day simple moving average is $3.03. CareCloud has a 52-week low of $1.01 and a 52-week high of $4.84.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CCLD shares. Benchmark restated a “buy” rating and issued a $4.50 target price on shares of CareCloud in a research note on Friday, November 15th. Roth Mkm restated a “neutral” rating and issued a $1.50 target price (down from $3.50) on shares of CareCloud in a research note on Friday.

CareCloud Company Profile

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.