The stock of Cheetah Mobile Inc (ADR) (NYSE:CMCM) is a huge mover today! About 256,423 shares traded hands. Cheetah Mobile Inc (ADR) (NYSE:CMCM) has declined 16.67% since March 7, 2016 and is downtrending. It has underperformed by 24.26% the S&P500.
The move comes after 8 months positive chart setup for the $1.72B company. It was reported on Oct, 10 by Barchart.com. We have $17.39 PT which if reached, will make NYSE:CMCM worth $602.00 million more.
Cheetah Mobile Inc (ADR) (NYSE:CMCM) Ratings Coverage
Out of 4 analysts covering Cheetah Mobile Inc (NYSE:CMCM), 1 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 25% are positive. Cheetah Mobile Inc has been the topic of 7 analyst reports since September 14, 2015 according to StockzIntelligence Inc. The stock has “Overweight” rating given by Morgan Stanley on Thursday, March 17. The rating was downgraded by Credit Suisse on Wednesday, September 30 to “Neutral”. Credit Suisse downgraded Cheetah Mobile Inc (ADR) (NYSE:CMCM) on Friday, May 20 to “Underperform” rating. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, April 26 report. On Friday, May 20 the stock rating was downgraded by Macquarie Research to “Neutral”.
According to Zacks Investment Research, “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.”
More notable recent Cheetah Mobile Inc (ADR) (NYSE:CMCM) news were published by: Quotes.Wsj.com which released: “DOW JONES, A NEWS CORP COMPANY” on May 03, 2014, also Fool.com with their article: “Why Cheetah Mobile, Inc. (ADR) Stock Plunged Today” published on May 19, 2016, Marketwatch.com published: “Cheetah Mobile Inc. ADR” on July 18, 2011. More interesting news about Cheetah Mobile Inc (ADR) (NYSE:CMCM) were released by: Valuewalk.com and their article: “Cheetah Mobile Inc (ADR) (CMCM) IPO Off And Running” published on May 08, 2014 as well as Investorplace.com‘s news article titled: “Why Cheetah Mobile (CMCM), Raptor Pharmaceutical (RPTP) and Eros International …” with publication date: July 08, 2015.
CMCM Company Profile
Cheetah Mobile Inc., incorporated on July 1, 2009, is a holding company. The Firm 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 Firm 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 data analytics engines. For its users, its diversified suite of applications optimizes mobile and PC Internet system performance, and provides real time protection against known and unknown security threats. For its users, the data analytics engines perform real time analysis of mobile applications, program files and Websites on their devices for behavior that may impair system performance or impose security risks.
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