Cheetah Mobile (NYSE:CMCM) posted its earnings results on Tuesday. The software maker reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.79), Morningstar.com reports. The firm had revenue of $141.32 million for the quarter. Cheetah Mobile had a net margin of 20.61% and a return on equity of 18.17%. Cheetah Mobile updated its Q3 2019 guidance to EPS.
Shares of NYSE:CMCM opened at $4.00 on Friday. The company has a 50 day moving average of $3.40 and a 200-day moving average of $5.25. The firm has a market cap of $646.44 million, a P/E ratio of 3.39 and a beta of 2.14. Cheetah Mobile has a twelve month low of $2.90 and a twelve month high of $11.29.
CMCM has been the subject of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of Cheetah Mobile in a research note on Monday, August 5th. They set an “underperform” rating and a $2.90 target price for the company. ValuEngine raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Wednesday. Macquarie set a $3.00 target price on shares of Cheetah Mobile and gave the company a “sell” rating in a research note on Monday, June 17th. Finally, Nomura reduced their target price on shares of Cheetah Mobile from $7.00 to $3.60 and set a “neutral” rating for the company in a research note on Monday, June 17th.
Cheetah Mobile Company Profile
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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