Cheetah Mobile Inc (ADR) (CMCM) is Downgraded by Credit Suisse to Underperform

Cheetah Mobile Inc (ADR) (CMCM) was Downgraded by Credit Suisse to ” Underperform”. Earlier the firm had a rating of “Neutral ” on the company shares. Credit Suisse advised their investors in a research report released on May 20, 2016.

Many Wall Street Analysts have commented on Cheetah Mobile Inc (ADR). Cheetah Mobile Inc (ADR) was Downgraded by Morgan Stanley to ” Equal-Weight” on Apr 26, 2016. JP Morgan Initiated Cheetah Mobile Inc (ADR) on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $20.

On the company’s financial health, Cheetah Mobile Inc (ADR) reported $0.71 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 19, 2016. Analyst had a consensus of $0.67. The company had revenue of $1115.00 million for the quarter, compared to analysts expectations of $1093.39 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.

Cheetah Mobile Inc (ADR) closed down -2.57 points or -18.36% at $11.43 with 46,99,172 shares getting traded on Thursday. Post opening the session at $12.13, the shares hit an intraday low of $11 and an intraday high of $12.5 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Cheetah Mobile Inc. is a provider of online marketing services Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers both of which are powered by its cloud-based data analytics engines. For its users the Company’s suite of applications improves mobile and PC Internet system performance and provides real time protection against known and unknown security threats. For its customers the Company’s platform provides multiple user traffic entry points and global content distribution channels capable of delivering targeted content to hundreds of millions of people. Kingsoft Corporation Limited is the holding company of the Company.

Cheetah Mobile Inc (ADR)

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