Revenue Update on ChinaCache Internatnl Hldgs Ltd (ADR)(NASDAQ:CCIH)

ChinaCache Internatnl Hldgs Ltd (ADR)(NASDAQ:CCIH) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Nov 29, 2016. Company reported revenue of $39.24M. Analysts estimated a revenue of $56.42M. The revenues were $-17.18M or NaN% below the estimates. Earnings per share were $-0.48.

ChinaCache Internatnl Hldgs Ltd (ADR) (CCIH) shares turned negative on Tuesdays trading session with the shares closing down -0.02 points or -0.62% at a volume of 77,294. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.31. The peak price level was also seen at $3.31 while the days lowest was $3.17. Finally the shares closed at $3.23. The 52-week high of the shares is $10.48 while the 52-week low is $2.72. According to the latest information available, the market cap of the company is $81 M.

ChinaCache International Holdings Ltd. (ChinaCache) is a holding Company. The Company provides a portfolio of services and solutions to businesses government agencies and other enterprises to enhance the reliability and scalability of their online services and applications. The Company’s nationwide service platform which consists of its network servers and intelligent software is designed to handle planned and unplanned peaks without upfront and ongoing capital outlay and other investments on the part of its customers. The Company provides the following services that are offered on a standalone basis or combined as part of its integrated solutions: Web page content services file transfer services rich media streaming services guaranteed application services managed Internet data services ChinaCache cloud services content bridging services mobile Internet solutions value-added services and customer-tailored integrated solutions.

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