Cheetah Mobile Inc (CMCM) to Release Quarterly Earnings on Tuesday
Cheetah Mobile Inc (NASDAQ:CMCM) will be announcing its earnings results before the market opens on Tuesday, August 22nd. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Cheetah Mobile (NASDAQ:CMCM) last announced its earnings results on Monday, May 22nd. The software maker reported $0.09 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.12. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.18 billion. Cheetah Mobile had a return on equity of 8.08% and a net margin of 5.34%. Cheetah Mobile’s revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. On average, analysts expect Cheetah Mobile to post $0.39 EPS for the current fiscal year and $0.63 EPS for the next fiscal year.
Cheetah Mobile Inc (CMCM) opened at 12.06 on Monday. Cheetah Mobile Inc has a one year low of $8.91 and a one year high of $13.79. The stock has a 50 day moving average price of $10.88 and a 200 day moving average price of $10.86. The firm’s market capitalization is $1.67 billion.
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An institutional investor recently raised its position in Cheetah Mobile stock. State Street Corp raised its position in Cheetah Mobile Inc (NASDAQ:CMCM) by 5.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 105,409 shares of the software maker’s stock after buying an additional 5,775 shares during the period. State Street Corp owned about 0.08% of Cheetah Mobile worth $1,136,000 at the end of the most recent reporting period.
A number of research analysts recently issued reports on CMCM shares. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research note on Friday. Zacks Investment Research cut shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a research note on Thursday, June 1st. Finally, TheStreet raised shares of Cheetah Mobile from a “d+” rating to a “c-” rating in a research note on Monday, May 22nd. One investment 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’s stock. Cheetah Mobile has a consensus rating of “Hold” and an average target price of $10.33.
Cheetah Mobile Company Profile
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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