Cheetah Mobile (NYSE:CMCM) Announces Earnings Results

Cheetah Mobile (NYSE:CMCMGet Free Report) released its quarterly earnings data on Wednesday. The software maker reported ($0.02) EPS for the quarter, Zacks reports. Cheetah Mobile had a negative net margin of 47.30% and a negative return on equity of 13.85%.

Cheetah Mobile Stock Performance

Shares of Cheetah Mobile stock opened at $8.71 on Wednesday. The business’s 50 day moving average price is $7.69 and its 200 day moving average price is $6.02. The company has a market cap of $263.96 million, a price-to-earnings ratio of -4.02 and a beta of 1.85. Cheetah Mobile has a one year low of $3.28 and a one year high of $9.44.

Institutional Trading of Cheetah Mobile

A hedge fund recently bought a new stake in Cheetah Mobile stock. Nomura Holdings Inc. purchased a new position in shares of Cheetah Mobile Inc. (NYSE:CMCMFree Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 11,680 shares of the software maker’s stock, valued at approximately $94,000. 0.41% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cheetah Mobile in a report on Wednesday, October 8th. Wall Street Zen raised Cheetah Mobile to a “hold” rating in a research report on Saturday, September 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

View Our Latest Report on Cheetah Mobile

About Cheetah Mobile

(Get Free Report)

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.

Further Reading

Earnings History for Cheetah Mobile (NYSE:CMCM)

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