Somewhat Positive News Coverage Somewhat Unlikely to Affect Cheetah Mobile (CMCM) Share Price
Press coverage about Cheetah Mobile (NASDAQ:CMCM) has been trending somewhat positive on Saturday, according to Accern. The research firm rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cheetah Mobile earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave press coverage about the software maker an impact score of 45.5068426285771 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Cheetah Mobile Inc (NASDAQ:CMCM) Downgraded to Hold at BidaskClub (americanbankingnews.com)
- ETFs with exposure to Cheetah Mobile, Inc. : August 10, 2017 (finance.yahoo.com)
- Analyzing Cheetah Mobile (CMCM) and Snap (SNAP) (americanbankingnews.com)
- Critical Survey: SITO Mobile (SITO) vs. Cheetah Mobile (CMCM) (americanbankingnews.com)
Cheetah Mobile (CMCM) traded up 2.31% on Friday, hitting $10.63. 574,571 shares of the stock were exchanged. The company’s market capitalization is $1.47 billion. The company has a 50-day moving average price of $10.84 and a 200 day moving average price of $10.80. Cheetah Mobile has a 1-year low of $8.91 and a 1-year high of $13.79.
Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings results on Monday, May 22nd. The software maker reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 net margin of 5.34% and a return on equity of 8.08%. The firm’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the business posted $0.71 EPS. Analysts anticipate that Cheetah Mobile will post $0.38 EPS for the current fiscal year.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. TheStreet upgraded shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Cheetah Mobile currently has an average rating of “Hold” and a consensus price target of $10.33.
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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