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 Q4. The results came in during After-Market on Mar 27, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $-0.8.

ChinaCache Internatnl Hldgs Ltd (ADR) (CCIH) made into the market gainers list on Fridays trading session with the shares advancing 5.39% or 0.09 points. Due to strong positive momentum, the stock ended at $1.76, which is also near the day’s high of $1.78. The stock began the session at $1.73 and the volume stood at 21,998 shares. The 52-week high of the shares is $9.6499 and the 52 week low is $1.56. The company has a current market capitalization of $44 M and it has 2,50,04,367 shares in outstanding.

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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