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CMCM $4.7

CMCM target price
4.70
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Cheetah Mobile Inc.
Native name
猎豹移动公司
Type
Public
Traded as NYSE: CMCM
Industry Mobile apps, Mobile gaming, Internet security
Founded 2009
Headquarters Beijing, China
Key people
Sheng Fu (CEO)
Revenue Increase 568.8 million (2015)
Operating income
Increase US$80.6 million (2015)
Net income
Increase US$76.0 million (2015 )
Total assets Increase US$483.7 Million (2014)
Number of employees
1,178
Parent Kingsoft
Website www.cmcm.com

Cheetah Mobile Inc (猎豹移动公司) is a Chinese mobile Internet company headquartered in Beijing, China.

Being the creator to some of the most popular global mobile apps, it has more than 634 million monthly active users as of Jan 2017.

The company was established in 2010 as a merger of Kingsoft Security and Conew Image, and grew to be the second-largest internet security software provider in China, according to iResearch. The company is located at 1st Yaojiayuan South Rd, Chaoyang District, Beijing, China.

In 2014, Cheetah Mobile launched an IPO selling 12 million American Depositary Shares at US$14 per share, and thereby raised US$168 million. The IPO was managed by Morgan Stanley, JP Morgan Chase & Co., and Credit Suisse Group. Kingsoft and Tencent are major investors in Cheetah Mobile, holding 54% and 18% respectively.

In the late 2015, Cheetah Mobile announced that it had entered into a global strategic partnership with Yahoo. The company incorporated Yahoo’s search and native advertising platforms within its own apps. As a result of this, Cheetah Mobile stated that its revenue generated from Yahoo increased by 30 percent daily within the first two weeks.

In February 2016, Cheetah Mobile and Cubot launched the CheetahPhone, an Android 6.0 Marshmallow based smartphone, at MWC in Barcelona, Spain.

On August 2, 2016, Cheetah Mobile announced its acquisition of a French startup News Republic for $57 million. News Republic is a news aggregator.

Cheetah Mobile's ad supported products include:

Despite the popularity of its Clean Master Android App, it was reported in 2014 that ads promoting Clean Master manipulate Android users with deceptive tactics when browsing websites within the app's advertising framework. In April 2014, Ferenc László Nagy from Sophos Labs captured some pop-up ads that led to Clean Master, warning the device had been infected with a virus.

In July 2014, Cheetah Mobile encouraged users to uninstall Google Chrome and replace it with Cheetah Mobile's own browser during Clean Master's clean up and optimization process. This rogue practice allowed Cheetah Mobile to gain unfair position in the marketplace and led to a Google crackdown.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2021 2022-07-26 0.00 0.00
Q3 2021 2021-11-24 0.00 0.00
Q2 2021 2021-09-07 0.00 0.00
Q1 2021 2021-06-11 0.00 0.00
Q4 2020 2021-03-23 0.00 0.00
Q2 2020 2020-08-18 0.00 0.20
Q1 2020 2020-06-10 0.00 -0.11
Q4 2019 2020-03-24 0.00 -0.85
Q3 2019 2019-11-13 0.00 0.45
Q2 2019 2019-08-20 0.00 0.04

Ratings

2016-05-23 Downgrade Morgan Stanley Equal Weight to Sell $15.30 to $9.00
2016-05-20 Downgrade Macquarie Outperform to Neutral $11.00
2016-05-20 Downgrade Credit Suisse Neutral to Underperform $18.00 to $8.00
2016-05-20 Downgrade Credit Suisse Group AG Neutral to Underperform $18.00 to $8.00
2016-04-26 Downgrade Morgan Stanley Overweight to Equal Weight $18.30 to $15.30
2016-03-17 Lower Price Target Morgan Stanley Overweight $19.00 to $18.30
2016-02-23 Initiated Coverage JPMorgan Chase & Co. Overweight $20.00
2016-02-08 Reiterated Rating Summit Research Buy $22.00 to $20.00
2015-10-14 Lower Price Target Summit Research Buy $30.00 to $22.00
2015-09-30 Downgrade Credit Suisse Outperform to Neutral
2015-09-14 Lower Price Target Summit Research Buy $38.00 to $30.00
2015-08-19 Reiterated Rating Summit Research Buy $38.00
2015-07-09 Reiterated Rating Summit Research Buy $38.00
2015-06-01 Set Price Target JPMorgan Chase & Co. Overweight $30.00 to $40.00
2015-05-20 Boost Price Target Oppenheimer Outperform $30.00 to $42.00
2015-05-20 Boost Price Target Oppenheimer Holdings Inc. Outperform $30.00 to $42.00
2015-04-20 Initiated Coverage Summit Research Buy $26.00
2014-08-21 Reiterated Rating Macquarie Outperform $24.00 to $32.00
2014-08-20 Boost Price Target Oppenheimer Outperform $23.00 to $30.00
2014-07-24 Initiated Coverage Citigroup Inc. Buy
2014-07-14 Initiated Coverage Macquarie Outperform
2014-06-13 Initiated Oppenheimer Outperform $23
2014-06-12 Initiated Coverage Oppenheimer Outperform to Outperform $23.00
2014-06-06 Initiated Coverage JPMorgan Chase & Co. Overweight $26.00
2016-05-23 Downgrade Morgan Stanley Equal Weight to Sell $15.30 to $9.00
2016-05-20 Downgrade Macquarie Outperform to Neutral $11.00
2016-05-20 Downgrade Credit Suisse Neutral to Underperform $18.00 to $8.00
2016-05-20 Downgrade Credit Suisse Group AG Neutral to Underperform $18.00 to $8.00
2016-04-26 Downgrade Morgan Stanley Overweight to Equal Weight $18.30 to $15.30

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks