Cheetah Mobile (CMCM) Getting Somewhat Positive Media Coverage, Accern Reports

News coverage about Cheetah Mobile (NASDAQ:CMCM) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cheetah Mobile earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media coverage about the software maker an impact score of 45.0004130554712 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

A number of equities analysts have issued reports on CMCM shares. BidaskClub upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday, August 18th. Zacks Investment Research upgraded Cheetah Mobile from a “hold” rating to a “strong-buy” rating and set a $12.00 price target for the company in a research note on Monday, August 28th. Credit Suisse Group started coverage on Cheetah Mobile in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $9.50 price target for the company. Nomura lifted their price target on Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, August 23rd. Finally, Instinet reiterated a “neutral” rating and set a $12.00 price target (up previously from $11.50) on shares of Cheetah Mobile in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $11.38.

Shares of Cheetah Mobile (CMCM) traded up $0.04 during midday trading on Friday, hitting $9.04. The stock had a trading volume of 1,153,666 shares, compared to its average volume of 1,040,000. Cheetah Mobile has a 12-month low of $7.54 and a 12-month high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last announced its earnings results on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.06. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the business earned ($0.44) EPS. The company’s revenue was up 14.8% compared to the same quarter last 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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