Cloopen Group (NYSE:RAAS) Posts Earnings Results, Misses Expectations By $0.40 EPS

Cloopen Group (NYSE:RAAS) posted its quarterly earnings data on Wednesday. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.40), Fidelity Earnings reports.

NYSE RAAS opened at $9.34 on Friday. The stock’s fifty day moving average is $10.34. Cloopen Group has a 52-week low of $8.37 and a 52-week high of $59.00.

A number of research firms have recently issued reports on RAAS. The Goldman Sachs Group began coverage on shares of Cloopen Group in a report on Friday, March 5th. They set a “neutral” rating and a $16.20 price objective for the company. Citigroup began coverage on shares of Cloopen Group in a report on Monday, March 8th. They set a “buy” rating and a $27.00 price objective for the company.

About Cloopen Group

Cloopen Group Holding Limited, through its subsidiaries, provides cloud-based communications solutions in the People's Republic of China. The company offers a suite of cloud-based communications solutions, which include communications platform as a service solution that provides application programing interfaces and software development kits to embed messaging, voice call, audio and video, instant messaging, and other communications into enterprises' applications, services, and/or business processes; cloud-based contact centers, which offers RongCC and 7moor Cloud solutions; and cloud-based unified communications and collaborations, such as RongVideo that provides instant messaging, audio and video conferencing, and telephony solutions.

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