Cheetah Mobile Inc (CMCM) Shares Up 4.4%
Cheetah Mobile Inc (NASDAQ:CMCM)’s share price shot up 4.4% on Monday . The company traded as high as $12.74 and last traded at $12.27, with a volume of 1,294,898 shares. The stock had previously closed at $11.75.
A number of research firms recently weighed in on CMCM. Zacks Investment Research raised Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Monday, July 25th. TheStreet lowered Cheetah Mobile from a “hold” rating to a “sell” rating in a research note on Thursday, June 16th.
The stock’s market capitalization is $1.69 billion. The company has a 50 day moving average of $10.72 and a 200-day moving average of $13.27.
Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings data on Friday, August 19th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.06. The business earned $157.50 million during the quarter, compared to the consensus estimate of $993.99 million. The business’s revenue was up 20.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.81 earnings per share. Equities research analysts anticipate that Cheetah Mobile Inc will post $0.23 earnings per share for the current year.
Cheetah Mobile Inc is a provider of online marketing services, Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers, both of which are powered by its cloud-based data analytics engines.
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