Zacks Investment Research cut shares of Cheetah Mobile Inc (NASDAQ:CMCM) from a buy rating to a hold rating in a report released on Tuesday morning.

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. “

Separately, TheStreet raised Cheetah Mobile from a d+ rating to a c- rating in a report on Monday, May 22nd.

Cheetah Mobile (CMCM) traded up 0.91% during midday trading on Tuesday, reaching $11.13. The company’s stock had a trading volume of 415,457 shares. Cheetah Mobile has a 12-month low of $8.91 and a 12-month high of $13.79. The stock’s market cap is $1.54 billion. The stock’s 50 day moving average is $10.87 and its 200 day moving average is $10.76.

Cheetah Mobile (NASDAQ:CMCM) last released its earnings results on Monday, May 22nd. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.18 billion. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Analysts anticipate that Cheetah Mobile will post $0.38 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “Cheetah Mobile Inc (NASDAQ:CMCM) Cut to “Hold” at Zacks Investment Research” was originally published by Watch List News and is owned by of Watch List News. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US and international copyright and trademark laws. The correct version of this piece of content can be read at https://www.watchlistnews.com/cheetah-mobile-inc-nasdaqcmcm-cut-to-hold-at-zacks-investment-research/1461731.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCM. FMR LLC bought a new position in Cheetah Mobile during the first quarter worth about $232,000. Alliancebernstein L.P. raised its position in Cheetah Mobile by 6.3% in the first quarter. Alliancebernstein L.P. now owns 73,230 shares of the software maker’s stock worth $786,000 after buying an additional 4,360 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Cheetah Mobile during the first quarter worth about $231,000. Schroder Investment Management Group raised its position in Cheetah Mobile by 115.6% in the first quarter. Schroder Investment Management Group now owns 68,866 shares of the software maker’s stock worth $716,000 after buying an additional 36,923 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Cheetah Mobile by 122.0% in the first quarter. UBS Asset Management Americas Inc. now owns 1,477,900 shares of the software maker’s stock worth $15,873,000 after buying an additional 812,300 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.

Get a free copy of the Zacks research report on Cheetah Mobile (CMCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.