Tag Archives: cmcm

Cheetah Mobile Buys MobPartner In $58 Million Deal

China-based Cheetah Mobile (CMCM) has pushed into advertising, acquiring MobPartner in a $58 million cash and stock deal. MobPartner, founded in France, will become a subsidiary, said Beijing-based Cheetah. The mobile ad industry has been consolidating, with Google (GOOGL) reportedly in talks to acquire India’s InMobi. Cheetah, a mobile phone security-software developer, went public in 2014. Shares rose as high as 19.64 intraday, but were up just

Cheetah Mobile Joins China Nets In Beat And Retreat

Chinese Internet earnings have been hot, but not hot enough to satisfy investors in recent weeks. Software security firm Cheetah Mobile (CMCM) on Tuesday reported earnings per share of 8 cents, at least double analyst forecasts. Revenue rose 139% year over year to $61.3 million, beating estimates by $5.5 million. It was the eighth quarter in a row of triple-digit gains. Cheetah Mobile stock sprinted 13% to a new high of 30.37

China’s Cheetah Mobile Hits High On Q2 Earnings

China Internet security company Cheetah Mobile reported better-than-expected Q2 earnings early Tuesday and raised its guidance, sending its stock to a new high. The Beijing-based Cheetah Mobile (CMCM) said that revenue rose 139% year over year to $61.3 million, beating estimates of $55.8 million. It was the eighth quarter in a row of triple-digit gains. It reported earnings per share of 8 cents, above estimates of 4 cents. Cheetah Mobile stock hit