Cheetah Mobile (CMCM) Earning Somewhat Favorable Press Coverage, Study Finds
Media stories about Cheetah Mobile (NYSE:CMCM) have been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cheetah Mobile earned a news sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the software maker an impact score of 46.2134012424435 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 media stories that may have effected Accern Sentiment’s analysis:
- Cheetah Mobile Inc. (CMCM) to Release Earnings on Tuesday (americanbankingnews.com)
- 7 Tips to Boost a Slow Computer (finance.yahoo.com)
- SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have Losses In Excess Of $100,000 From Investment In Cheetah Mobile Inc. (NYSE: CMCM) To Contact Brower Piven Before The Lead Plaintiff Deadline (feeds.benzinga.com)
- Share Repurchase Program Approved by Cheetah Mobile (CMCM) Board of Directors (americanbankingnews.com)
A number of analysts recently weighed in on CMCM shares. Zacks Investment Research cut shares of Cheetah Mobile from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Cheetah Mobile from a “hold” rating to a “buy” rating in a research report on Wednesday, August 2nd. Nomura upped their price objective on shares of Cheetah Mobile from $11.50 to $12.00 and gave the company a “neutral” rating in a research report on Wednesday, August 23rd. Instinet reissued a “neutral” rating and issued a $12.00 price objective (up from $11.50) on shares of Cheetah Mobile in a research report on Wednesday, August 23rd. Finally, Credit Suisse Group initiated coverage on shares of Cheetah Mobile in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $9.50 price objective for the company. One investment 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. The stock presently has an average rating of “Hold” and a consensus price target of $11.38.
Cheetah Mobile (NYSE CMCM) opened at $10.69 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market cap of $1,516.77, a PE ratio of 48.00 and a beta of 3.01. Cheetah Mobile has a 12-month low of $7.54 and a 12-month high of $13.79.
Cheetah Mobile (NYSE:CMCM) last posted its quarterly earnings data on Tuesday, August 22nd. The software maker reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.06. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Cheetah Mobile had a net margin of 4.57% and a return on equity of 6.79%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted ($0.44) EPS.
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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