StockNews.com Initiates Coverage on Cheetah Mobile (NYSE:CMCM)

StockNews.com started coverage on shares of Cheetah Mobile (NYSE:CMCMFree Report) in a research note released on Wednesday morning. The brokerage issued a hold rating on the software maker’s stock.

Cheetah Mobile Stock Performance

Shares of NYSE:CMCM opened at $6.33 on Wednesday. Cheetah Mobile has a 12-month low of $1.99 and a 12-month high of $6.78. The business has a 50 day moving average of $4.81 and a 200-day moving average of $4.40.

Cheetah Mobile (NYSE:CMCMGet Free Report) last released its quarterly earnings results on Friday, September 13th. The software maker reported ($0.55) earnings per share (EPS) for the quarter. The company had revenue of $25.79 million during the quarter.

Cheetah Mobile Company Profile

(Get Free Report)

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.

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