Cheetah Mobile Inc (CMCM) Releases Quarterly Earnings Results
Cheetah Mobile Inc (NASDAQ:CMCM) issued its quarterly earnings data on Tuesday. The company reported $0.49 earnings per share for the quarter, Analyst Ratings Network.com reports. The company had revenue of $380.30 million for the quarter, compared to the consensus estimate of $158.90 million.
Shares of Cheetah Mobile Inc (NASDAQ:CMCM) opened at 26.90 on Tuesday. Cheetah Mobile Inc has a 52 week low of $12.50 and a 52 week high of $28.65. The stock’s 50-day moving average is $21.58 and its 200-day moving average is $19.68. The company has a market cap of $2.521 billion and a price-to-earnings ratio of 383.65.
A number of analysts have recently weighed in on CMCM shares. Analysts at Citigroup Inc. initiated coverage on shares of Cheetah Mobile Inc in a research note on Thursday, July 24th. They set a “buy” rating on the stock. On a related note, analysts at Macquarie initiated coverage on shares of Cheetah Mobile Inc in a research note on Monday, July 14th. They set an “outperform” rating on the stock. Finally, analysts at Oppenheimer initiated coverage on shares of Cheetah Mobile Inc in a research note on Thursday, June 12th. They set an “outperform” rating and a $23.00 price target on the stock.
Cheetah Mobile Inc, formerly Kingsoft Internet Software Holdings Limited, is a holding company. The Company is a wholly owned subsidiary of Kingsoft Corporation Limited.
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