Baidu, Inc. (BIDU) - NASDAQ
  • Feb. 27, 2013, 12:22 PM

    No one can accuse Qihoo (QIHU +2.2%) of being modest with its search ambitions. President Qi Xiangdong says his company aims to grab Chinese search share at a 10% annual clip, leading to a 40% share in 2015. Qi also takes a subtle shot at market leader Baidu (BIDU +0.1%) by promising Qihoo will guarantee the authenticity of search results - Baidu has been criticized for failing to segregate search ads from query results.

    | Feb. 27, 2013, 12:22 PM | 1 Comment
  • Feb. 20, 2013, 11:30 AM
    Baidu (BIDU -1.7%) adds to yesterday's losses after CLSA becomes the latest firm to turn bearish, issuing a two-notch downgrade to Underperform. The firm is worried about Alibaba's search engine, slowing earnings growth, and growing investments as Baidu tries to address the mobile shift.
    | Feb. 20, 2013, 11:30 AM
  • Feb. 19, 2013, 11:33 AM

    Baidu (BIDU -2.3%) slides to $92 following news of Alibaba's search engine and a couple of critical sell-side notes. Goldman has removed Baidu from its Sustain China list, and is once more raising concerns about mobile's impact on ad sales (previous). Citi is also worried about mobile - the firm estimates mobile search ad click-through rates are 1/10 of PC levels - and is refuting fresh reports of Baidu acquiring a controlling stake in top Chinese mobile browser maker UCweb (previous).

    | Feb. 19, 2013, 11:33 AM | 1 Comment
  • Feb. 18, 2013, 9:16 PM
    Alibaba is the latest firm to challenge Baidu (BIDU): the e-commerce giant, 23%-owned by YHOO, has launched a search engine that encompasses Web, image, news, and (AMAP-powered) map queries. Unlike QIHU, which has grabbed ~10% of the Chinese market since August, Alibaba doesn't have a popular browser to drive traffic, but it does have several popular shopping sites and the eTao shopping engine. The launch comes as top rival 360buy closes a $700M funding round at a reported $7.25B valuation, a possible stepping stone to an IPO.
    | Feb. 18, 2013, 9:16 PM | 5 Comments
  • Feb. 5, 2013, 1:00 PM
    Midday top 10 gainers: OPXA +189%. CEP +31%. SCKT +23%. PLX +18%. CPSS +18%. VMED +17%. TRT +17%. STV +16%. BCOM +15%. CNR +15%.
    Midday top 10 losers: DCIX -13%. IEC -13%. PRPH -11%. BIDU -11%. ACI -11%. PGRX -10%. JAXB -10%. DFZ -10%. RTEC -9%. SGMS -9%.
    | Feb. 5, 2013, 1:00 PM
  • Feb. 5, 2013, 10:28 AM
    Raymond James and Stifel have downgraded Baidu (BIDU -10.6%) to Hold following its Q4 report (I, II); the former is worried about 2013 margin pressure, mobile, and continued investments. CEO Robin Li mentioned on the earnings call Baidu now has 80M mobile search daily users, while adding the company is working with ad customers to create mobile-optimized sites (only a small % have done so thus far). Barclays asked whether Baidu's revenue/customer drop was due to competition from Qihoo (QIHU +3.2%); Baidu argued a mix shift towards SMBs was responsible.
    | Feb. 5, 2013, 10:28 AM | 1 Comment
  • Feb. 4, 2013, 6:18 PM
    Baidu (BIDU) now -5.2% AH in response to its Q4 report, as investors show their concern over the company's guidance and perhaps also a 3.1% Q/Q drop in revenue per online ad customer (a metric that has been rising for some time). Sina (SINA) -0.6% after falling 5.1% in regular trading. Qihoo (QIHU) -0.6% after rising 1.1% in regular trading.
    | Feb. 4, 2013, 6:18 PM | 1 Comment
  • Feb. 4, 2013, 5:47 PM
    After-hours top gainers, as of 5:15 p.m.: JNY +5%. EDMC +5%. BRKS +5%. MM +5%. GFF +4%.
    After-hours top losers: PC -10%. IDIX -7%. RTEC -6%. YUM -6%. BIDU -5%.
    | Feb. 4, 2013, 5:47 PM
  • Feb. 4, 2013, 4:56 PM

    More on Baidu: Though guidance isn't great, expectations were low. Online ad customers +4% Q/Q and 31% Y/Y in Q4 to 406K (+5% Q/Q in Q3). Revenue/customer was $2,488, +7.6% Y/Y but -3.1% Q/Q (likely to raise eyebrows). Traffic acquisition costs were 9.6% of revenue, up from 8.6% in Q3 - Baidu attributes this to contextual ads and promotions. Bandwidth costs rose to 5.3% of revenue from 4.3% in Q3. SG&A spending +52% Y/Y, R&D +70% (both higher than revenue growth). BIDU -1.1% AH. CC at 8PM ET (webcast). (PR)

    | Feb. 4, 2013, 4:56 PM
  • Feb. 4, 2013, 4:44 PM
    Baidu (BIDU): Q4 EPS of $1.31 beats by $0.02. Revenue of $1.02B (+41.6% Y/Y) beats by $7M. Expects Q1 revenue of $945.4M-$975.9M vs. $967.1M consensus. Shares -0.8% AH. (PR)
    | Feb. 4, 2013, 4:44 PM
  • Feb. 4, 2013, 12:10 AM

    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM

    | Feb. 4, 2013, 12:10 AM
  • Feb. 3, 2013, 5:35 PM

    Notable earnings after Monday’s close: ACLS, APC, APKT, ARRY, BIDU, EW, GGP, GILD, HI, HIG, HOLX, LEG, LIFE, MDU, MKL, SIMO, SWI, YUM

    | Feb. 3, 2013, 5:35 PM
  • Feb. 1, 2013, 3:57 PM

    Baidu (BIDU +0.2%) is seeing some negative Street commentary ahead of Monday afternoon's Q4 report. Oppenheimer and Maxim both see the Chinese search giant posting respectable Q4 numbers, but are worried about its 2013 top-line and margin performance in light of the mobile shift, competition from Qihoo, and aggressive capex plans. T.H. Capital's Tian Hou notes Baidu has been updating its search algorithm in an effort to increase ad clicks.

    | Feb. 1, 2013, 3:57 PM
  • Jan. 28, 2013, 12:11 PM

    Baidu (BIDU +2.6%) is reiterated a Sell by Citi's Muzhi Li, who lowers his price target to $90 amidst increased competition from the likes of Qihoo 360 (QIHU) which has already seized 10% of the search-engine market share. Nomura disagrees, noting Baidu still has an 80% share of the growing market.

    | Jan. 28, 2013, 12:11 PM | 3 Comments
  • Jan. 18, 2013, 10:01 AM
    China's strong Q4 GDP numbers fuel a rally in some Chinese Internet stocks. BIDU +1.9%. SINA +3.2%. RENN +1.8%. YY +2.4%.
    | Jan. 18, 2013, 10:01 AM
  • Jan. 16, 2013, 7:02 PM
    China's Internet user base rose 10% last year to 564M, according to a government-linked agency. Mobile data adoption has much to do with this growth: the number of Chinese users relying on mobile devices to go online rose 18% to 420M. All that mobile activity is both a growth opportunity and a monetization challenge for the likes of Baidu (BIDU) and Sina (SINA) - Sina recently said it would adopt a "mobile first" strategy in 2013.
    | Jan. 16, 2013, 7:02 PM
Company Description
Baidu, Inc. engages in the provision of internet search solutions and online marketing solutions. The company also operates an e-commerce platform with an online payment tool, develops and markets web application software, and provides human resource related services. Its products include search... More
Sector: Technology
Industry: Internet Information Providers
Country: China