CareCloudCCLD
CCLD
About: CareCloud Inc is a healthcare information technology company. It provides a full suite of proprietary cloud-based solutions and related business services. Its Software-as-a-Service platforms include practice management (PM), electronic health record (EHR), business intelligence, telehealth, patient experience management (PXM) solutions, and robotic processing automation (RPA) bots, along with complementary software tools and business services such as revenue cycle management (RCM), premiere healthcare consulting and implementation services, and on-demand workforce staffing capabilities for high-performance medical groups and health systems nationwide. The operating segments of the group are Healthcare IT, which is the key revenue generating segment, and Practice Management.
Employees: 3,600
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
43% more capital invested
Capital invested by funds: $3.24M [Q2] → $4.65M (+$1.41M) [Q3]
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 33 [Q2] → 34 (+1) [Q3]
0.39% more ownership
Funds ownership: 10.48% [Q2] → 10.87% (+0.39%) [Q3]
31% less call options, than puts
Call options by funds: $34K | Put options by funds: $49K
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$4.50
32%
upside
Avg. target
$4.50
32%
upside
High target
$4.50
32%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Benchmark Bill Sutherland 69% 1-year accuracy 33 / 48 met price target | 32%upside $4.50 | Buy Reiterated | 15 Nov 2024 |
Financial journalist opinion
Based on 4 articles about CCLD published over the past 30 days
Neutral
GlobeNewsWire
5 days ago
CareCloud Announces Leadership Realignment to Drive 2025 Growth Strategy
Focused on Accelerating Technology Innovation, Revenue Growth, and Enhancing Client Experience SOMERSET, N.J., Dec. 16, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDP, CCLDO), a leading provider of healthcare technology and generative AI solutions for medical practices and health systems nationwide, today announced a strategic realignment of its leadership team, effective January 1, 2025.
Neutral
GlobeNewsWire
1 week ago
CareCloud Files Special Meeting Proxy to Accelerate Growth
SOMERSET, N.J., Dec. 09, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (the “Company” or “CareCloud”) (Nasdaq: CCLD CCLDO, CCLDP), a leader in healthcare information technology solutions for medical practices and health systems nationwide, today announced the solicitation of proxies from its common stock (the “Common Stock”) shareholders to approve an increase in its authorized shares. This increase is designed to support the Company's growth initiatives and corporate objectives.
Negative
Zacks Investment Research
4 weeks ago
Are Medical Stocks Lagging CareCloud (CCLD) This Year?
Here is how CareCloud, Inc. (CCLD) and Alvotech (ALVO) have performed compared to their sector so far this year.
Neutral
PRNewsWire
4 weeks ago
SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of CareCloud, Inc. (NASDAQ: CCLD)
NEW YORK , Nov. 21, 2024 /PRNewswire/ -- Purcell & Lefkowitz LLP announces that it is investigating CareCloud, Inc. (NASDAQ: CCLD) on behalf of the company's shareholders. The investigation seeks to determine whether CareCloud's directors breached their fiduciary duties in connection with recent corporate actions.
Negative
Zacks Investment Research
1 month ago
CareCloud, Inc. (CCLD) Q3 Earnings Misses Estimates (Revised)
CareCloud, Inc. (CCLD) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $0.42 per share a year ago.
Neutral
Seeking Alpha
1 month ago
CareCloud, Inc. (CCLD) Q3 2024 Earnings Call Transcript
CareCloud, Inc. (NASDAQ:CCLD ) Q3 2024 Earnings Call Transcript November 12, 2024 8:30 AM ET Company Participants Mahmud Haq - Founder and Executive Chairman Hadi Chaudhry - Chief Executive Officer Stephen Snyder - President Norman Roth - Chief Financial Officer and Corporate Controller Crystal Williams - Chief Operating Officer Conference Call Participants Destiny Hance - Ladenburg Hulman Allen Klee - Maxim Group Operator Greetings. And welcome to the CareCloud Inc. Third Quarter 2024 Results Conference Call.
Negative
Zacks Investment Research
1 month ago
CareCloud, Inc. (CCLD) Q3 Earnings and Revenues Miss Estimates
CareCloud, Inc. (CCLD) came out with quarterly earnings of $0.21 per share, missing the Zacks Consensus Estimate of $0.22 per share. This compares to loss of $0.42 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
CareCloud Reports Third Quarter 2024 Results
Pays Off Credit Line, Plans to Resume Preferred Dividends in Q1 2025 SOMERSET, N.J., Nov. 12, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc. (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology and generative AI solutions for medical practices and health systems nationwide, announced financial and operational results for the quarter ended September 30, 2024 including that it has fully paid its credit line and that it plans to resume dividends on its Series A and B Preferred Stock on March 15, 2025.
Neutral
GlobeNewsWire
2 months ago
CareCloud and ChartSwap Partner to Launch "CareCloud Powered by ChartSwap" to Streamline the Request for Information Process
SOMERSET, N.J., Sept. 30, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc . (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology and generative AI solutions for medical practices and health systems nationwide, today announced a strategic partnership with ChartSwap, a leading provider of business-to-business (B2B) medical and billing records exchange, to launch "CareCloud Powered by ChartSwap.” This new collaboration will significantly enhance the way medical records are handled and accessed, enabling CareCloud's providers to focus more on delivering high-quality patient care.
Neutral
GlobeNewsWire
3 months ago
CareCloud Announces Approval of Series A Preferred Stock Proposal
SOMERSET, N.J., Sept. 11, 2024 (GLOBE NEWSWIRE) -- CareCloud, Inc . (the “Company”) (Nasdaq: CCLD, CCLDO, CCLDP), a leader in healthcare technology solutions for medical practices and health systems nationwide, today reconvened its special meeting (“Special Meeting”) of CareCloud's Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”) shareholders. At the Special Meeting, shareholders representing more than two-thirds of the outstanding shares of Series A Preferred Stock approved the preferred stock proposal, which included an amendment to the Company's Certificate of Designations, Preferences and Rights of its Series A Preferred Stock (the “Preferred Stock Proposal”).
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