Cheetah Mobile Inc (CMCM) Stock Price Up 7.7%
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) rose 7.7% on Tuesday . The stock 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 topic of several analyst reports. Zacks Investment Research cut Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 2nd. TheStreet cut Cheetah Mobile from a “hold” rating to a “sell” rating in a report on Thursday, June 16th. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $9.00 target price (up from $0.50) on shares of Cheetah Mobile in a report on Monday, August 22nd.
The company’s 50 day moving average is $11.27 and its 200 day moving average is $13.12. The company’s market cap is $1.79 billion.
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 analysts’ consensus estimates of ($0.01) by $0.06. The company earned $157.50 million during the quarter, compared to analyst estimates of $993.99 million. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.81 earnings per share. On average, equities analysts predict that Cheetah Mobile Inc will post $0.09 EPS 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.