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2.82
12.35%
+0.31
After Hours:
2.80
-0.02
-0.71%
Why is CareCloud Inc (CCLD) Stock down?
We've noticed a 21.12% decline in CareCloud Inc (CCLD) stock during the 2024-05-14 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
03 Aug, 2023:
Shares of CareCloud Inc (CCLD) dropped by 11.42% from $3.24 to $2.87 in the trading on Thursday, August 3, 2023. The reason why CCLD is down today is due to the company's disappointing quarterly earnings report.
- Weak earnings: The report revealed a loss of $0.37 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.28 per share. This earnings miss of -32.14% marked the second time in the last four quarters that the company fell short of consensus EPS estimates.
- Lower-than-expected revenue: CareCloud's quarterly revenues of $29.36 million missed the Zacks Consensus Estimate by 8.34%, reflecting a decline from the previous year's revenues of $37.23 million.
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