Somewhat Positive Media Coverage Somewhat Unlikely to Impact Cheetah Mobile (CMCM) Share Price
Media headlines about Cheetah Mobile (NYSE:CMCM) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cheetah Mobile earned a news sentiment score of 0.24 on Accern’s scale. Accern also gave headlines about the software maker an impact score of 47.5663484128811 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Edited Transcript of CMCM earnings conference call or presentation 21-Nov-17 1:00pm GMT (finance.yahoo.com)
- Cheetah Mobile Inc. (CMCM) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Mid-Day Market Update: Signet Jewelers Falls After Q3 Results; Cheetah Mobile Shares Surge – Benzinga (benzinga.com)
- Today’s Hot Stock Under Review: Cheetah Mobile Inc (NYSE: CMCM) – Alpha Beta Stock (alphabetastock.com)
- Cheetah Mobile’s (CMCM) CEO Sheng Fu on Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
Shares of Cheetah Mobile (CMCM) traded up $1.98 during mid-day trading on Wednesday, reaching $12.80. The company had a trading volume of 6,738,100 shares, compared to its average volume of 936,675. Cheetah Mobile has a 1-year low of $7.54 and a 1-year high of $13.79. The company has a market capitalization of $1,554.11, a PE ratio of 49.18 and a beta of 3.01. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.89 and a quick ratio of 1.89.
Several research analysts have recently issued reports on the company. BidaskClub downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Instinet reaffirmed a “neutral” rating and issued a $12.00 price objective (up previously from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. Nomura upped their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Zacks Investment Research downgraded Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Credit Suisse Group assumed coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $11.38.
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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.
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