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Consensus Cloud - CCSI STOCK NEWS

Welcome to our dedicated page for Consensus Cloud news (Ticker: CCSI), a resource for investors and traders seeking the latest updates and insights on Consensus Cloud stock.

Overview of Consensus Cloud Solutions Inc.

Consensus Cloud Solutions Inc. (NASDAQ: CCSI) has evolved over the past two decades from a pioneer in secure digital cloud faxing to a global provider of interoperability solutions. Harnessing its deep technological heritage, the company has transitioned from simple document transmission to delivering a comprehensive suite of secure information delivery solutions. Its advanced platform integrates digital cloud fax technology, healthcare interoperability using HL7/FHIR standards, and artificial intelligence-driven natural language processing (NLP) to convert unstructured documents into meaningful, structured data.

Core Business and Technological Innovations

The company offers a scalable Software-as-a-Service (SaaS) platform that underpins its core offerings. At its heart lies a commitment to secure data exchange and compliance with stringent industry standards. By implementing a unified interoperability suite, Consensus Cloud Solutions facilitates:

  • Secure digital faxing and communication through HITRUST CSF® certified solutions.
  • Real-time event notifications and on-demand queries to enhance workflow efficiency.
  • Integration of electronic signatures and universal APIs to streamline document workflows.
  • Adoption of HL7/FHIR protocols ensuring compliant and secure data transport in healthcare and other regulated industries.

By evolving beyond traditional fax services, the company now enables secure messaging and data exchange across organizational, regional, and national boundaries. This robust ecosystem supports industries that rely on both synchronous and asynchronous communications, ensuring that critical information is accessible and secure.

Industry Position and Market Significance

With a global footprint that includes operations in the United States, Canada, Ireland, and other regions, Consensus Cloud Solutions is strategically positioned in a competitive landscape. The company caters primarily to highly regulated sectors such as healthcare, financial services, insurance, real estate, and public administration. Its comprehensive suite of interoperability solutions allows it to serve a diverse client base by enhancing operational efficiencies and reinforcing data security protocols.

Security, Compliance, and Trust

Security and regulatory compliance are at the forefront of the company's operational ethos. Consensus Cloud Solutions has demonstrated rigorous adherence to industry standards with certifications like HITRUST, SOC 2, PCI-DSS, and HIPAA. These certifications not only underscore the company's commitment to protecting client data but also position it as a trusted partner in managing sensitive information. The company’s strategy of integrating advanced cybersecurity measures into its cloud-based platform reinforces investor confidence and sets a benchmark for secure digital communications.

Operational Excellence and Workflow Optimization

The interoperability suite of solutions offered by the company optimizes business workflows through features such as:

  • Unified Digital Environment: Consolidates various communication channels into a single, coherent platform.
  • On-Demand Patient and Client Queries: Facilitates quick access to critical data without compromising security.
  • Electronic Signature Capabilities: Streamlines the process of document execution in digital environments.

These features are instrumental in enabling organizations to automate routine processes, reduce administrative burdens, and improve overall operational efficiency while maintaining uncompromising security standards.

Expertise in Interoperability and Data Transformation

Consensus Cloud Solutions leverages cutting-edge technologies such as artificial intelligence and natural language processing to enhance data usability. By converting unstructured data into meaningful, structured formats, the company supports decision-making processes in complex environments. This transformation capability is particularly relevant in healthcare settings, where timely and accurate data exchange is critical for patient care and operational efficiency.

Conclusion

In summary, Consensus Cloud Solutions Inc. is a technologically advanced, globally recognized provider of secure information delivery solutions. Its transformation from a traditional digital fax provider to an all-encompassing interoperability solutions company epitomizes its commitment to innovation and security. By harnessing advanced standards like HL7/FHIR, as well as emerging technologies including AI and NLP, the company continues to optimize workflows, streamline secure communications, and maintain high compliance standards. This comprehensive integration of technology and security protocols makes Consensus Cloud Solutions a critical entity in the digital transformation landscape for regulated industries.

This detailed insight into the company’s operations, technology, and market positioning is intended to serve as a valuable resource for investors and industry researchers seeking an in-depth understanding of how digital cloud communication evolves into a comprehensive solution for secure data exchange and workflow optimization.

Rhea-AI Summary
Consensus Cloud Solutions, Inc. (CCSI) will host a live Q1 earnings call on May 8th, 2024, to discuss financial results and provide business updates. The call will feature CEO Scott Turicchi, CRO Johnny Hecker, and CFO Jim Malone.
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) will showcase its innovative digital cloud fax technology and AI solutions at HIMSS 2024. The company aims to improve healthcare workflows by integrating AI into fax processes, emphasizing security and efficiency.
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Consensus Cloud Solutions, Inc. (CCSI) reported Q4 2023 revenues of $87.8 million, a decrease of 2.7% YoY. GAAP net income remained consistent at $16.8 million. Adjusted EBITDA declined to $47.2 million. For FY 2023, revenues were stable at $362.6 million, with a net income increase to $77.3 million. Adjusted EBITDA for FY 2023 was $186.6 million. The company ended the year with $88.7 million in cash and cash equivalents. FY 2024 guidance includes revenue in the range of $338 million to $353 million, with adjusted non-GAAP earnings per diluted share between $5.08 and $5.31.
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Consensus Cloud Solutions, Inc. (CCSI) showcases AI-powered solutions for advanced data transformation at ViVE 2024 conference. The company demonstrates the modernization of fax with artificial intelligence for faster care delivery, emphasizing productivity, accuracy, and cost savings in healthcare workflows.
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) is hosting a live audio webcast of its Q4 and Year End earnings call on February 21, 2024, to discuss financial results, business updates, and a live Q&A session. The call will be hosted by CEO Scott Turicchi, CRO Johnny Hecker, and CFO Jim Malone. The public, press, and financial community are invited to attend.
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) has appointed Johnny Hecker as Chief Revenue Officer and EVP of Operations, effective January 1, 2024. He will lead the company's revenue operations globally and spearhead the go-to-market strategy, leveraging his 20 years of executive experience in the SaaS and cloud computing space.
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) will participate in the 42nd Annual J.P. Morgan Healthcare Conference in January 2024. The conference will take place at the Westin St Francis Hotel, San Francisco, Ca, with the company's presentation scheduled for Wednesday, January 10, 2024, at 4:30 PM PT. The webcast link for the presentation is available at https://jpmorgan.metameetings.net/events/healthcare24/sessions/49547-consensus-cloud-solutions-inc/webcast?gpu_only=true&kiosk=true
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) has achieved HITRUST Risk-based, 2-year (r2) Certification for their eFax Corporate and jSign platforms, demonstrating a strong commitment to cybersecurity and meeting key regulations to protect sensitive data. This is the fourth consecutive annual certification for eFax Corporate and the first for the jSign platform, making it the only HITRUST-certified eSignature solution currently available.
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Consensus Cloud Solutions, Inc. (NASDAQ: CCSI) reported Q3 2023 financial results, including a record free cash flow production and $156 million cash. GAAP net income increased by 56.2% to $24.0 million. The Board approved a $300 million debt repurchase program, and Q4 2023 guidance was provided.
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Consensus Cloud Solutions, Inc. invites the public to listen to its Q3 earnings call on November 9th, 2023.
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FAQ

What is the current stock price of Consensus Cloud (CCSI)?

The current stock price of Consensus Cloud (CCSI) is $19.67 as of April 7, 2025.

What is the market cap of Consensus Cloud (CCSI)?

The market cap of Consensus Cloud (CCSI) is approximately 401.8M.

What is the core business of Consensus Cloud Solutions?

Consensus Cloud Solutions provides secure information delivery services using a scalable SaaS platform. Its core offerings include digital cloud faxing, electronic signatures, and interoperability solutions designed for regulated industries.

How does the company ensure data security and compliance?

The company adheres to stringent industry standards and holds certifications such as HITRUST, SOC 2, PCI-DSS, and HIPAA. This robust framework ensures that data is securely exchanged and managed across various platforms.

Which industries does Consensus Cloud Solutions primarily serve?

The company caters to highly regulated industries including healthcare, financial services, insurance, real estate, and public sector organizations. Its secure, compliant solutions are integral to these sectors' operations.

How has the company evolved from its original business model?

Originally focused on digital cloud faxing, Consensus Cloud Solutions has evolved to become a comprehensive provider of interoperability solutions. It now leverages advanced technologies such as HL7/FHIR, NLP, and AI to support complex data exchange and workflow automation.

What makes Consensus Cloud Solutions' technology unique?

Its integrated approach combines secure digital communication with advanced data transformation tools like AI and natural language processing. This unique blend helps convert unstructured data into actionable insights while ensuring compliance with industry standards.

How does Consensus Cloud Solutions differentiate itself from competitors?

The company differentiates itself through a deep technological heritage, a comprehensive suitability for regulated industries, and a unified interoperability suite. Its commitment to robust security and high compliance standards further sets it apart in the digital communication market.
Consensus Cloud

Nasdaq:CCSI

CCSI Rankings

CCSI Stock Data

401.84M
19.12M
2.09%
94.04%
2.27%
Software - Infrastructure
Services-prepackaged Software
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United States
LOS ANGELES