Cheetah Mobile (CMCM) Announces Earnings Results
Cheetah Mobile (NYSE:CMCM) posted its earnings results on Monday. The software maker reported $1.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.09 by $1.30, Briefing.com reports. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.07 billion. Cheetah Mobile had a return on equity of 33.45% and a net margin of 27.03%. Cheetah Mobile’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.64 earnings per share.
CMCM opened at $9.10 on Monday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 6.00 and a beta of 3.30. Cheetah Mobile has a one year low of $7.38 and a one year high of $18.18.
A number of analysts have commented on CMCM shares. ValuEngine upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Wednesday, May 2nd. TheStreet downgraded Cheetah Mobile from a “b-” rating to a “c” rating in a research report on Friday, June 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $12.25.
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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