Cheetah Mobile (NYSE:CMCM) Announces Earnings Results

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.

Several large investors have recently modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of Cheetah Mobile in the 4th quarter worth approximately $28,000. Quantamental Technologies LLC acquired a new stake in shares of Cheetah Mobile in the 1st quarter worth approximately $31,000. Tower Research Capital LLC TRC lifted its stake in shares of Cheetah Mobile by 97.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 16,333 shares of the software maker’s stock worth $58,000 after acquiring an additional 8,047 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Cheetah Mobile by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 404,318 shares of the software maker’s stock worth $2,472,000 after acquiring an additional 10,234 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Cheetah Mobile by 24.1% in the 2nd quarter. GSA Capital Partners LLP now owns 53,100 shares of the software maker’s stock worth $189,000 after acquiring an additional 10,309 shares during the period. 4.65% of the stock is owned by institutional investors.

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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Earnings History for Cheetah Mobile (NYSE:CMCM)

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