Cheetah Mobile (NYSE:CMCM) posted its quarterly earnings data on Friday. The software maker reported $0.17 EPS for the quarter, beating the consensus estimate of $0.03 by $0.14, Briefing.com reports. Cheetah Mobile had a return on equity of 23.58% and a net margin of 23.72%. The business had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the business earned $0.48 earnings per share. Cheetah Mobile’s revenue for the quarter was down 5.2% on a year-over-year basis. Cheetah Mobile updated its Q2 2019 guidance to EPS.
Shares of CMCM stock opened at $3.76 on Friday. Cheetah Mobile has a 1 year low of $3.69 and a 1 year high of $12.15. The firm has a market cap of $570.22 million, a price-to-earnings ratio of 3.31 and a beta of 2.45.
CMCM has been the topic of several research analyst reports. Macquarie set a $6.00 price objective on Cheetah Mobile and gave the company a “sell” rating in a research note on Tuesday, March 26th. Nomura reissued a “neutral” rating and set a $7.01 target price (down previously from $12.00) on shares of Cheetah Mobile in a report on Tuesday, March 26th.
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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