CareCloud (NASDAQ:CCLD – Get Free Report) posted its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.04, FiscalAI reports. The business had revenue of $33.73 million for the quarter, compared to analysts’ expectations of $33.50 million. CareCloud had a return on equity of 27.07% and a net margin of 6.21%.
Here are the key takeaways from CareCloud’s conference call:
- CareCloud reported record third-quarter profitability: revenue rose 9% to $33.7 million, GAAP net income increased 54% to $4.7 million, and adjusted EBITDA grew 28% to $9.9 million. Gross margin expanded 270 basis points to 50.5%.
- Management said AI and automation are improving operating efficiency: manual claim touches fell about 44% over three months, zero-touch processing reached 84%, and the RCM denial rate was below 4%. Some expense improvement also reflected lower depreciation and amortization and capitalized development costs.
- The capital restructuring is directing more earnings to common shareholders: about 89% of third-quarter net income was attributable to them, versus 55% a year earlier. CareCloud repaid its $9 million revolver draw and reduced its term loan to $34.2 million by November 2, though debt repayment remains a priority.
- CareCloud reaffirmed 2026 guidance of $128 million–$132 million in revenue, $29 million–$31 million in adjusted EBITDA, and $0.20–$0.23 in GAAP EPS, while noting seasonal effects and execution dependencies. Growth initiatives include enterprise AI development for KabaFusion and a planned subscription compliance product, but these opportunities are still developing.
CareCloud Stock Performance
CCLD traded up $0.14 during trading hours on Friday, hitting $2.30. The stock had a trading volume of 682,047 shares, compared to its average volume of 228,131. CareCloud has a 1 year low of $1.67 and a 1 year high of $3.81. The company’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $2.46. The stock has a market cap of $97.73 million, a PE ratio of 17.69 and a beta of 1.57. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 2.20.
Analysts Set New Price Targets
CCLD has been the topic of a number of recent analyst reports. Wall Street Zen upgraded CareCloud from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Roth Capital dropped coverage on shares of CareCloud in a report on Tuesday, September 15th. They issued a “neutral” rating on the stock. Prior estimates, ratings, and price targets should no longer be relied upon. Finally, Weiss Ratings upgraded shares of CareCloud from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CareCloud currently has an average rating of “Moderate Buy”.
About CareCloud
CareCloud, Inc (NASDAQ: CCLD) provides cloud-based health care information technology and revenue cycle management services to medical practices, hospitals and other health care organizations. The company’s solutions are designed to help providers manage administrative, clinical and financial operations through integrated software and technology-enabled services.
Its offerings include electronic health records, practice management, medical billing and revenue cycle management, patient engagement tools, telehealth capabilities and related health care technology services.
Read More
- Five stocks we like better than CareCloud
- Dutch Bros Gave Wall Street What It Wanted, So Why Did the Stock Crater?
- Astera Labs Just Crushed Earnings—So Why Are Analysts Cutting Price Targets?
- Sandisk Shares Are Oversold: Bargain or Value Trap?
- IonQ’s Record Revenue Includes a Big SkyWater Boost: Does That Change the Story?
Receive News & Ratings for CareCloud Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CareCloud and related companies with MarketBeat.com's FREE daily email newsletter.
