Cheetah Mobile (NYSE:CMCM) Releases Earnings Results

Key Points

• Cheetah Mobile reported a quarterly earnings result of ($0.08) EPS, with a negative net margin of 64.75% and a negative return on equity of 17.83%.
• The company's stock increased by 4.9% to open at $7.43, and it has a market capitalization of $225.13 million.
• Cheetah Mobile, which operates in internet services and artificial intelligence, provides products like Duba Anti-virus and Clean Master to enhance user security and device performance.

Cheetah Mobile (NYSE:CMCM - Get Free Report) posted its quarterly earnings data on Thursday. The software maker reported ($0.08) earnings per share for the quarter, Zacks reports. The firm had revenue of $41.21 million during the quarter. Cheetah Mobile had a negative net margin of 47.30% and a negative return on equity of 13.85%.

Cheetah Mobile Price Performance

Shares of NYSE CMCM traded up $0.67 during mid-day trading on Tuesday, hitting $8.54. The company had a trading volume of 92,261 shares, compared to its average volume of 42,162. The business's 50-day simple moving average is $5.72 and its 200-day simple moving average is $4.76. Cheetah Mobile has a 12 month low of $3.28 and a 12 month high of $9.39. The firm has a market cap of $258.78 million, a P/E ratio of -3.90 and a beta of 1.75.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Cheetah Mobile to a "hold" rating in a research note on Saturday.

Cheetah Mobile Company Profile

Cheetah Mobile Inc along with its subsidiaries, engages in provision of internet services, artificial intelligence, and other services in the People's Republic of China, Hong Kong, Japan, and internationally. The company's internet products include Duba Anti-virus, an internet security application to protect users against known and unknown security threats and malicious applications; and Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices.