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Steve Hach is the Senior Editor at ValuEngine.com, a Newtown, Pennsylvania-based stock valuation and forecast service. ValuEngine utilizes Ivy League financial research as the basis for its coverage of more than 7000 US, Japanese, and Canadian, and other foreign stocks. Hach utilizes... More
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  • ValuEngine Upgrades Qihoo 360 Technology To Strong Buy 0 comments
    Mar 12, 2014 1:48 PM | about stocks: QIHU

    VALUATION WARNING: Our models find that overvaluation is at levels typically seen when market pullbacks occur. Overvalued stocks assigned a valuation now make up 83% of our universe and 47% of the stocks assigned a valuation are calculated to be overvalued by 20% or more. ALL sectors are calculated to be overvalued by double digits.

    Woo-Hoo

    --ValuEngine upgrades Qihoo 360 Technology to Strong Buy

    Qihoo 360 Technology Co Ltd. (NYSE:QIHU) offers Internet and mobile security products. Its core Internet and mobile security products include 360 Safe Guard and 360 Anti-virus 360 Mobile Safe, 360 Safe Browser, 360 Personal Start-up Page, 360 Application Store and 360 Safebox. The Company also provides advertising services by providing marketing opportunities on our websites and offers web games developed by third parties, provide Internet security services such as remote technical support to paying customers and provide other Internet value-added services. Qihoo 360 Technology Co Ltd. is headquartered in Santa Fe, New Mexico, USA.

    The stock was a 5-Engine upgrade STRONG BUY today. Qihoo reported decent Q1 guidance last week, and projected revenue of @ $227 million--which beat the consensus of $203 million.

    ValuEngine updated its recommendation from BUY to STRONG BUY for QIHOO 360 TECH on 2014-03-11. Based on the information we have gathered and our resulting research, we feel that QIHOO 360 TECH has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE Momentum and Company Size.

    As a bonus to our Daily Bulletin readers,
    we are offering a FREE DOWNLOAD of one of our Stock Reports

    Read our Complete Detailed Valuation Report on Qihoo 360 HERE.

    Below is today's data on QIHU:


     






    ValuEngine Forecast
      Target
    Price*
    Expected
    Return
    1-Month 117.07 1.39%
    3-Month 120.36 4.24%
    6-Month 125.37 8.58%
    1-Year 134.75 16.70%
    2-Year 162.30 40.56%
    3-Year 117.01 1.34%

     















    Valuation & Rankings
    Valuation 13.62% undervalued Valuation Rank 92
    1-M Forecast Return 1.39% 1-M Forecast Return Rank 100
    12-M Return 262.97% Momentum Rank 99
    Sharpe Ratio 0.75 Sharpe Ratio Rank 80
    5-Y Avg Annual Return 44.90% 5-Y Avg Annual Rtn Rank 96
    Volatility 59.59% Volatility Rank 35
    Expected EPS Growth 141.94% EPS Growth Rank 90
    Market Cap (billions) 9.50 Size Rank 90
    Trailing P/E Ratio 124.15 Trailing P/E Rank 26
    Forward P/E Ratio 51.32 Forward P/E Ratio Rank 8
    PEG Ratio 0.87 PEG Ratio Rank 49
    Price/Sales 14.16 Price/Sales Rank 9
    Market/Book 17.90 Market/Book Rank 7
    Beta 1.92 Beta Rank 16
    Alpha 0.88 Alpha Rank 97
    ValuEngine Market Overview

     

     

     

     

     

    Summary of VE Stock Universe
    Stocks Undervalued 16.72%
    Stocks Overvalued 83.28%
    Stocks Undervalued by 20% 4.64%
    Stocks Overvalued by 20% 47.32%

     

    ValuEngine Sector Overview

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

     

    Sector Change MTD YTD Valuation Last 12-MReturn P/E Ratio
    Medical -0.52% 0.66% 12.51% 34.39% overvalued 49.18% 30.88
    Computer and Technology -1.16% 0.31% 6.06% 32.55% overvalued 36.54% 31.98
    Transportation -0.66% 2.28% 1.61% 32.53% overvalued 34.59% 22.19
    Auto-Tires-Trucks -0.73% 0.61% 4.76% 31.36% overvalued 39.07% 18.89
    Aerospace -1.18% 0.87% 4.71% 30.12% overvalued 54.65% 22.05
    Consumer Discretionary -0.86% 0.33% 2.48% 29.47% overvalued 37.63% 26.34
    Business Services -1.14% 1.03% 1.51% 24.91% overvalued 31.43% 27.25
    Consumer Staples -0.82% 0.63% 1.21% 24.48% overvalued 23.53% 23.76
    Industrial Products -1.33% 0.70% 2.54% 24.47% overvalued 35.74% 22.78
    Multi-Sector Conglomerates -0.35% 1.98% -0.18% 20.41% overvalued 14.36% 18.34
    Finance -0.72% 0.72% 2.06% 20.31% overvalued 10.65% 18.03
    Retail-Wholesale -0.79% 1.20% -1.57% 19.07% overvalued 28.32% 26.26
    Oils-Energy -1.34% 0.09% 2.43% 16.02% overvalued 18.82% 26.99
    Basic Materials -1.06% -0.74% 5.94% 15.58% overvalued -8.50% 24.93
    Utilities -0.76% -0.50% -0.45% 15.48% overvalued 9.56% 21.45
    Construction -0.83% 0.49% 2.81% 15.04% overvalued 25.68% 25.38

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: QIHU
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