Somewhat Critical News Coverage Extremely Likely to Impact Cheetah Mobile (CMCM) Stock Price
Media coverage about Cheetah Mobile (NASDAQ:CMCM) has trended somewhat negative this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cheetah Mobile earned a news impact score of -0.04 on Accern’s scale. Accern also gave news headlines about the software maker an impact score of 100 out of 100, indicating that recent media coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Cheetah Mobile (CMCM) opened at 10.63 on Monday. Cheetah Mobile has a 52 week low of $8.91 and a 52 week high of $13.79. The firm’s 50-day moving average price is $11.32 and its 200-day moving average price is $10.59. The stock’s market cap is $1.47 billion.
Cheetah Mobile (NASDAQ:CMCM) last announced its earnings results on Monday, May 22nd. The software maker reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.12. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.18 billion. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. The business’s revenue for the quarter was up 6.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. Equities analysts predict that Cheetah Mobile will post $0.38 earnings per share for the current fiscal year.
A number of research analysts have recently commented on CMCM shares. TheStreet upgraded Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. 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 note on Monday, May 29th.
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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