Several brokerages have updated their recommendations and price targets on shares of Cheetah Mobile (NASDAQ: CMCM) in the last few weeks:

  • 8/28/2017 – Cheetah Mobile was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $12.00 price target on the stock. According to Zacks, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China. “
  • 8/24/2017 – Cheetah Mobile was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/23/2017 – Cheetah Mobile had its price target raised by analysts at Nomura from $11.50 to $12.00. They now have a “neutral” rating on the stock.
  • 8/23/2017 – Cheetah Mobile had its “neutral” rating reaffirmed by analysts at Instinet. They now have a $12.00 price target on the stock, up previously from $11.50.
  • 8/18/2017 – Cheetah Mobile was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/12/2017 – Cheetah Mobile was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 8/2/2017 – Cheetah Mobile was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 7/25/2017 – Cheetah Mobile was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cheetah Mobile Inc. engages in developing Internet security software. The Company operates a platform that offers mission critical applications for its users and global content distribution channels. Its mission critical applications include Clean Master; Battery Doctor; Duba Anti-virus; Cheetah Browser; Photo Grid and Antutu Benchmark. Cheetah Mobile Inc. is headquartered in Beijing, the People’s Republic of China. “

Shares of Cheetah Mobile Inc (CMCM) traded up 0.99% on Friday, reaching $9.22. 412,309 shares of the company’s stock were exchanged. The firm’s 50 day moving average price is $10.56 and its 200-day moving average price is $10.85. The company has a market capitalization of $1.28 billion and a P/E ratio of 39.91. Cheetah Mobile Inc has a 12 month low of $8.91 and a 12 month high of $13.79.

Cheetah Mobile (NASDAQ:CMCM) last issued its earnings results 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 for the quarter, compared to the consensus estimate of $1.19 billion. Cheetah Mobile had a return on equity of 8.91% and a net margin of 6.11%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.44) EPS. On average, equities analysts anticipate that Cheetah Mobile Inc will post $0.43 EPS for the current year.

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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