Cheetah Mobile Inc (CMCM) Stock Price Up 7.7%
Cheetah Mobile Inc (NASDAQ:CMCM) rose 7.7% during mid-day trading on Tuesday . The company traded as high as $12.99 and last traded at $12.66, with a volume of 1,414,607 shares. The stock had previously closed at $11.75.
CMCM has been the subject of a number of analyst reports. Morgan Stanley reiterated an “underweight” rating and issued a $9.00 price target (up previously from $0.50) on shares of Cheetah Mobile in a research note on Monday, August 22nd. Zacks Investment Research raised shares of Cheetah Mobile from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. Finally, TheStreet downgraded shares of Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th.
The company’s market capitalization is $1.71 billion. The company’s 50-day moving average is $11.13 and its 200-day moving average is $13.13.
Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings data on Friday, August 19th. The company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by $0.06. The firm had revenue of $157.50 million for the quarter, compared to analyst estimates of $993.99 million. During the same period in the prior year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts forecast 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.