Cheetah Mobile (NYSE:CMCM) issued its earnings results on Monday, May 21st. The software maker reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04), Morningstar.com reports. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.13 billion. Cheetah Mobile had a return on equity of 33.58% and a net margin of 27.03%. The company’s revenue for the quarter was down 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 earnings per share.
Shares of Cheetah Mobile traded up $0.44, hitting $12.13, during midday trading on Tuesday, according to Marketbeat. 921,000 shares of the stock traded hands, compared to its average volume of 1,409,883. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 8.20 and a beta of 3.43. Cheetah Mobile has a one year low of $7.54 and a one year high of $18.18.
A number of equities research analysts have weighed in on CMCM shares. ValuEngine upgraded Cheetah Mobile from a “hold” rating to a “buy” rating in a report on Wednesday, May 23rd. Macquarie downgraded Cheetah Mobile from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 13th. Finally, Credit Suisse Group set a $13.00 price objective on Cheetah Mobile and gave the company a “hold” rating in a report on Monday, March 19th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $12.25.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMCM. Acadian Asset Management LLC bought a new stake in shares of Cheetah Mobile during the fourth quarter valued at approximately $752,000. BlackRock Inc. increased its holdings in shares of Cheetah Mobile by 46.1% during the fourth quarter. BlackRock Inc. now owns 712,575 shares of the software maker’s stock valued at $8,608,000 after acquiring an additional 224,853 shares in the last quarter. Advisors Preferred LLC bought a new stake in shares of Cheetah Mobile during the fourth quarter valued at approximately $108,000. Smith Asset Management Group LP bought a new stake in shares of Cheetah Mobile during the fourth quarter valued at approximately $220,000. Finally, Profund Advisors LLC increased its holdings in shares of Cheetah Mobile by 518.6% during the fourth quarter. Profund Advisors LLC now owns 85,598 shares of the software maker’s stock valued at $1,034,000 after acquiring an additional 71,760 shares in the last quarter. Hedge funds and other institutional investors own 5.28% of the company’s stock.
About Cheetah Mobile
Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company’s utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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