Cheetah Mobile (NYSE:CMCM) Posts Quarterly Earnings Results, Misses Expectations By $0.66 EPS

Cheetah Mobile (NYSE:CMCM) announced its quarterly earnings results on Wednesday. The software maker reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.66), FiscalAI reports. The company had revenue of $37.56 million for the quarter, compared to the consensus estimate of $222.62 million. Cheetah Mobile had a negative net margin of 22.66% and a negative return on equity of 4.37%.

Cheetah Mobile Stock Performance

NYSE:CMCM opened at $4.28 on Wednesday. The firm’s fifty day moving average is $5.19 and its 200-day moving average is $6.12. Cheetah Mobile has a 52 week low of $3.92 and a 52 week high of $9.44. The firm has a market cap of $129.62 million, a P/E ratio of -3.42 and a beta of 1.77.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of CMCM. Jane Street Group LLC raised its holdings in Cheetah Mobile by 852.7% during the fourth quarter. Jane Street Group LLC now owns 30,142 shares of the software maker’s stock worth $181,000 after buying an additional 26,978 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in shares of Cheetah Mobile in the third quarter valued at about $94,000. Dimensional Fund Advisors LP purchased a new stake in shares of Cheetah Mobile in the fourth quarter valued at about $69,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Cheetah Mobile by 17.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 23,131 shares of the software maker’s stock valued at $139,000 after purchasing an additional 3,443 shares during the last quarter. Institutional investors and hedge funds own 0.41% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cheetah Mobile in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Cheetah Mobile

Cheetah Mobile Inc operates as a mobile internet company primarily focused on developing and distributing utility and entertainment applications for smartphones and tablets. Its portfolio includes well-known security and optimization products such as Clean Master, Security Master and Battery Doctor, alongside consumer-oriented offerings in mobile gaming and content discovery. The company’s software solutions are designed to enhance device performance, improve privacy protection and deliver engaging digital experiences for end users.

Founded as the mobile internet division of Kingsoft in 2010, Cheetah Mobile spun off as an independent, publicly traded company in late 2014.