Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cheetah Mobile (CMCM) Share Price
News headlines about Cheetah Mobile (NASDAQ:CMCM) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cheetah Mobile earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 46.1050400110706 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of Cheetah Mobile (NASDAQ:CMCM) traded down 0.98% during mid-day trading on Tuesday, reaching $9.14. 1,193,106 shares of the company traded hands. Cheetah Mobile has a 52-week low of $8.91 and a 52-week high of $13.79. The firm’s 50 day moving average price is $10.67 and its 200-day moving average price is $10.86. The company has a market capitalization of $1.27 billion and a P/E ratio of 39.57.
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 Zacks’ 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 business had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period in the previous year, the business earned ($0.44) EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts predict that Cheetah Mobile will post $0.40 earnings per share for the current fiscal year.
CMCM has been the topic of several analyst reports. TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a report on Monday, May 22nd. Zacks Investment Research raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Monday, May 29th. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Nomura raised their target price on shares of Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, August 23rd. Finally, Instinet reaffirmed a “neutral” rating and issued a $12.00 target price (up previously from $11.50) on shares of Cheetah Mobile 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 company. The company presently has a consensus rating of “Buy” and a consensus price target of $12.00.
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About Cheetah Mobile
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.
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