Cheetah Mobile Inc (CMCM) Shares Up 4.4%
Cheetah Mobile Inc (NASDAQ:CMCM) shot up 4.4% during trading on Monday . The company traded as high as $12.74 and last traded at $12.27, with a volume of 1,294,898 shares changing hands. The stock had previously closed at $11.75.
A number of research firms recently commented on CMCM. Morgan Stanley reiterated an “underweight” rating and set a $9.00 price target (up from $0.50) on shares of Cheetah Mobile in a report on Monday. Zacks Investment Research upgraded shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Monday, June 20th. Finally, TheStreet lowered shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th.
The stock’s market capitalization is $1.71 billion. The company’s 50 day moving average price is $10.84 and its 200-day moving average price is $13.21.
Cheetah Mobile (NASDAQ:CMCM) last issued its quarterly earnings results on Friday, August 19th. The company reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.06. During the same quarter last year, the firm earned $0.81 EPS. The firm earned $157.50 million during the quarter, compared to analyst estimates of $993.99 million. The business’s revenue was up 20.2% on a year-over-year basis. Equities research analysts anticipate that Cheetah Mobile Inc will post $0.09 earnings per share for the current fiscal 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.