Cheetah Mobile (CMCM) Receiving Somewhat Positive Media Coverage, Report Finds
Media coverage about Cheetah Mobile (NASDAQ:CMCM) has been trending somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cheetah Mobile earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.5190071227858 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts have issued reports on CMCM shares. Zacks Investment Research raised Cheetah Mobile from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a research report on Monday, May 29th. TheStreet upgraded shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. Finally, BidaskClub upgraded shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $10.33.
Cheetah Mobile (NASDAQ CMCM) opened at 11.01 on Monday. The firm’s market cap is $1.53 billion. Cheetah Mobile has a 1-year low of $8.91 and a 1-year high of $13.79. The firm has a 50 day moving average of $10.86 and a 200 day moving average of $10.78.
Cheetah Mobile (NASDAQ:CMCM) last issued its earnings results on Monday, May 22nd. The software maker reported $0.09 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.12. Cheetah Mobile had a net margin of 5.34% and a return on equity of 8.08%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.71 EPS. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts expect that Cheetah Mobile will post $0.38 EPS for the current year.
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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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