Cheetah Mobile (NYSE:CMCM) Announces Earnings Results

Cheetah Mobile (NYSE:CMCM) released its quarterly earnings data on Wednesday. The software maker reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.66), FiscalAI reports. Cheetah Mobile had a negative net margin of 22.66% and a negative return on equity of 4.37%. The business had revenue of $37.56 million during the quarter, compared to the consensus estimate of $222.62 million.

Cheetah Mobile Stock Performance

Shares of CMCM stock opened at $4.28 on Wednesday. The company has a market capitalization of $129.62 million, a price-to-earnings ratio of -3.42 and a beta of 1.77. The company has a 50-day simple moving average of $5.19 and a 200 day simple moving average of $6.12. Cheetah Mobile has a 52 week low of $3.92 and a 52 week high of $9.44.

Institutional Trading of Cheetah Mobile

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP acquired a new stake in Cheetah Mobile in the 4th quarter worth about $69,000. Nomura Holdings Inc. acquired a new position in shares of Cheetah Mobile in the 3rd quarter valued at approximately $94,000. Jane Street Group LLC raised its position in shares of Cheetah Mobile by 852.7% in the 4th quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock valued at $181,000 after buying an additional 26,978 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of Cheetah Mobile by 17.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after buying an additional 3,443 shares in the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cheetah Mobile in a report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Cheetah Mobile Company Profile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.