Somewhat Positive Press Coverage Somewhat Unlikely to Impact Cheetah Mobile (CMCM) Stock Price
News stories about Cheetah Mobile (NASDAQ:CMCM) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cheetah Mobile earned a news impact score of 0.20 on Accern’s scale. Accern also gave news articles about the software maker an impact score of 46.5893937281772 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:
- Cheetah Mobile Inc (CMCM) Lifted to “Strong-Buy” at Zacks Investment Research (americanbankingnews.com)
- Cheetah Mobile Inc (CMCM) Downgraded by BidaskClub (americanbankingnews.com)
- Bumper day for stocks as appetite for risk returns (proactiveinvestors.com)
- Cheetah Mobile Inc (CMCM) Price Target Raised to $12.00 (americanbankingnews.com)
- Cheetah Mobile (CMCM) Tops Q2 EPS by 1c, Miss on Revenues; 3Q Revenue Guidance Below Consensus (streetinsider.com)
Cheetah Mobile (NASDAQ:CMCM) traded down 3.09% during mid-day trading on Wednesday, reaching $9.40. The company’s stock had a trading volume of 1,458,060 shares. The firm has a market capitalization of $1.31 billion and a price-to-earnings ratio of 40.69. Cheetah Mobile has a 1-year low of $8.91 and a 1-year high of $13.79. The firm has a 50-day moving average of $10.85 and a 200 day moving average of $10.88.
Cheetah Mobile (NASDAQ:CMCM) last posted its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.19 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 14.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.44) earnings per share. Equities analysts expect that Cheetah Mobile will post $0.40 earnings per share for the current year.
CMCM has been the subject of a number of recent research reports. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Monday, May 29th. BidaskClub upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. TheStreet upgraded Cheetah Mobile from a “d+” rating to a “c-” rating in a research report on Monday, May 22nd. Nomura lifted their price objective on Cheetah Mobile from $11.50 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 23rd. Finally, Instinet reiterated a “neutral” rating and set a $12.00 price objective (up previously from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Three investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Cheetah Mobile presently has a consensus rating of “Buy” and an average 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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