Cheetah Mobile Inc (CMCM) Stock Rating Upgraded by Zacks Investment Research
Cheetah Mobile Inc (NASDAQ:CMCM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday. The brokerage currently has a $12.00 price objective on the software maker’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 23.71% from the company’s previous close.
According to Zacks, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China. “
Several other brokerages also recently weighed in on CMCM. TheStreet upgraded Cheetah Mobile from a “d+” rating to a “c-” rating in a report on Monday, May 22nd. BidaskClub upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a report on Friday, August 18th. Instinet restated a “neutral” rating and set a $12.00 price target (up from $11.50) on shares of Cheetah Mobile in a report on Wednesday, August 23rd. Finally, Nomura lifted their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, August 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.00.
Cheetah Mobile (NASDAQ CMCM) opened at 9.70 on Monday. The firm has a market cap of $1.35 billion and a PE ratio of 41.99. The stock has a 50 day moving average of $10.85 and a 200 day moving average of $10.88. Cheetah Mobile has a 12-month low of $8.91 and a 12-month high of $13.79.
Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.06. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. The firm had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the company earned ($0.44) earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that Cheetah Mobile will post $0.40 EPS for the current fiscal year.
TRADEMARK VIOLATION NOTICE: “Cheetah Mobile Inc (CMCM) Stock Rating Upgraded by Zacks Investment Research” was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/cheetah-mobile-inc-cmcm-stock-rating-upgraded-by-zacks-investment-research/1530603.html.
A number of large investors have recently added to or reduced their stakes in CMCM. Morgan Stanley increased its stake in Cheetah Mobile by 520.7% in the first quarter. Morgan Stanley now owns 161,667 shares of the software maker’s stock valued at $1,736,000 after buying an additional 135,619 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Cheetah Mobile by 178.4% in the first quarter. Dimensional Fund Advisors LP now owns 309,979 shares of the software maker’s stock valued at $3,327,000 after buying an additional 198,644 shares during the last quarter. FIL Ltd increased its stake in Cheetah Mobile by 854.2% in the first quarter. FIL Ltd now owns 992,921 shares of the software maker’s stock valued at $10,664,000 after buying an additional 888,861 shares during the last quarter. FMR LLC acquired a new stake in Cheetah Mobile during the first quarter valued at approximately $232,000. Finally, Alliancebernstein L.P. increased its stake in Cheetah Mobile by 6.3% in the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock valued at $786,000 after buying an additional 4,360 shares during the last quarter.
Cheetah Mobile Company Profile
Cheetah Mobile Inc is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE’s subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.
Receive News & Ratings for Cheetah Mobile Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cheetah Mobile Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.