Somewhat Favorable News Coverage Somewhat Unlikely to Affect Cheetah Mobile (NASDAQ:CMCM) Share Price

Press coverage about Cheetah Mobile (NASDAQ:CMCM) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cheetah Mobile earned a coverage optimism score of 0.10 on Accern’s scale. Accern also gave news coverage about the software maker an impact score of 45.6717971214311 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

A number of research firms have recently commented on CMCM. Zacks Investment Research upgraded shares of Cheetah Mobile from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 20th. BidaskClub upgraded shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Friday. Finally, TheStreet upgraded shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Cheetah Mobile currently has a consensus rating of “Hold” and an average target price of $10.33.

Cheetah Mobile (NASDAQ CMCM) opened at 12.06 on Friday. The stock has a 50 day moving average of $10.88 and a 200-day moving average of $10.86. Cheetah Mobile has a 52-week low of $8.91 and a 52-week high of $13.79. The company’s market capitalization is $1.67 billion.

Cheetah Mobile (NASDAQ:CMCM) last posted its quarterly earnings results on Monday, May 22nd. The software maker reported $0.09 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.03) by $0.12. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cheetah Mobile will post $0.39 earnings per share for the current fiscal 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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