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Baidu, Inc. (BIDU)

- NASDAQ
  • Jul. 31, 2013, 11:55 AM
    • Youku (YOKU +4.5%) shares have jumped thanks to a rumor Baidu (BIDU +0.8%) will take a stake in the Chinese online video leader (translation).
    • Like some other Baidu-related rumors, this one should be taken with a grain of salt, given Baidu competes with Youku via its iQiyi and (recently-acquired) PPS sites.
    • The rumor comes shortly after Youku boasted its daily mobile video views topped 200M in June, up from 170M in May and 100M in January. Youku also claimed (citing iResearch data) it had 14M daily unique visitors in June, well above iQiyi's 7M and PPS' 6.9M.
    • Youku stated in May it had 100M+ monthly mobile users, and that mobile had grown to make up ~30% of its traffic.
    | 1 Comment
  • Jul. 29, 2013, 10:01 AM
    • Microsoft (MSFT -0.1%) has been cut to Neutral by Atlantic Equities.
    • 3D Systems (DDD +3.7%) and Stratasys (SSYS +1.9%) have been started at Buy by Brean Capital.
    • Riverbed (RVBD -1.6%) has been cut to Market Perform by Northland.
    • RF Micro (RFMD -2.9%) has been cut to Equal Weight by Barclays.
    • Baidu (BIDU +1.8%) has been named a Long Research Tactical Idea by Morgan Stanley.
    • Celestica (CLS +1.6%) has been upgraded to Buy by Canaccord.
    | 1 Comment
  • Jul. 25, 2013, 9:19 AM
    Some upgrades and some caution roll in for Baidu (BIDU) following its earnings beat last night: CLSA moves 2 notches from Sell to Buy while Barclays raises from Hold to Buy. Goldman lifts its PT to $94 but keeps the stock at Hold: "We remain cautious on the margin outlook given the significant traffic acquisition costs and the upcoming S&M on mobile-related promotion." Stifel: "We believe the euphoria in the shares is misguided." Deutsche acknowledges the strong Q3 guidance, but - like Goldman - is wary of surging TAC. The stock's ahead 17% premarket.
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  • Jul. 25, 2013, 9:15 AM
    Premarket gainers: FB +31%. BIDU +18%. TQNT +14%. TRIP +14%. LOGI +13%. OKE +10%. MEET +9%. CDTI +9%. BSX +9%. IMAX +8%. SPR +7%. FFIV +7%. UA +7%. YNDX +6%. ZNGA +6%. RENN +5%.
    Losers: SQNM -36%. CROX -24%. PHM -7%. SI -7%. WDC -5%.
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  • Jul. 24, 2013, 5:53 PM
    After-hours top gainers, as of 5:15 p.m.: FB +19%. TRIP +15%. BIDU +13%. XOOM +12%. TQNT +11%.
    After-hours top losers: SQNM -33%. CROX -21%. EQIX -8%. RT -7%. VAR -6%.
    | 2 Comments
  • Jul. 24, 2013, 5:16 PM
    More on Baidu: Revenue/ad customer rose 11% Q/Q and 3.9% Y/Y in Q2 to $2,623, after falling two quarters in a row and raising mobile and competition concerns. The growth came even though active ad customers rose 14.1% Q/Q and 33% Y/Y to 468K. Traffic acquisition costs rose to 11.6% of revenue from 10.2% in Q1 and 8.3% a year ago; Baidu attributes this to higher display ad network (contextual ad) sales and promotions for its hao123 directory site. SG&A spend +83.5% Y/Y to $175.7M, and R&D spend +72.6% to $153.4M; both remain well above rev. growth (38.6%). Mobile surpassed 10% of revenue for the first time. BIDU +13.2% AH, CC at 8PM ET (webcast). (PR)
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  • Jul. 24, 2013, 4:07 PM
    Baidu (BIDU): Q2 EPS of $1.26 beats by $0.05. Revenue of $1.232B (+38.6% Y/Y) beats by $32M. Expects Q3 revenue of $1.422B-$1.46B, above $1.35B consensus. Shares +11.5% AH. (PR)
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  • Jul. 24, 2013, 12:10 AM
    Notable earnings after Wednesday’s close: AEM, AIZ, AKAM, AMCC, AMP, ANGI, ARII, ASGN, AVB, BDN, BIDU, CA, CAKE, CCI, CDNS, CLGX, CMO, CMRE, COG, CROX, CTXS, CYH, EFX, EGHT, EQIX, ETFC, FB, FBHS, FFIV, FLOW, FLS, FOE, FTNT, GGG, GPRE, HRC, IM, INFN, ITC, ITMN, KEX, LOGI, LSI, LVS, MLNX, MTSN, NFX, OI, OII, ORLY, PDH, PMTC, QCOM, RJF, RRC, RT, RYL, SCI, SGMO, SKX, SLG, SQNM, SRCL, SUSQ, SWFT, SYNC, TAL, TCBI, TER, TEX, TQNT, TRIP, TSCO, TWI, V, VAR, WCRX, WDC, WLL, WRE, WSH, XOOM, ZNGA
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  • Jul. 23, 2013, 5:35 PM
    Notable earnings after Wednesday’s close: AEM, AIZ, AKAM, AMCC, AMP, ANGI, ARII, ASGN, AVB, BDN, BIDU, CA, CAKE, CCI, CDNS, CLGX, CMO, CMRE, COG, CROX, CTXS, CYH, EFX, EGHT, EQIX, ETFC, FB, FBHS, FFIV, FLOW, FLS, FOE, FTNT, GGG, GPRE, HRC, IM, INFN, ITC, ITMN, KEX, LOGI, LSI, LVS, MLNX, MTSN, NFX, OI, OII, ORLY, PDH, PMTC, QCOM, RJF, RRC, RT, RYL, SCI, SGMO, SKX, SLG, SQNM, SRCL, SUSQ, SWFT, SYNC, TAL, TCBI, TER, TEX, TQNT, TRIP, TSCO, TWI, V, VAR, WCRX, WDC, WLL, WRE, WSH, XOOM, ZNGA
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  • Jul. 19, 2013, 9:38 AM
    Qihu (QIHU -1.1%) says it's in talks to buy Sohu's (SOHU +0.4%) Sogou search unit, but cautions it's "not in the pricing stage yet" and is still weighing integration issues. Analysts estimate the business is worth $1.2B-$1.4B. Sogou, rumored to be drawing interest from a few different companies, was recently estimated to have an 8.8% share of the Chinese search market in June; Qihoo was given a 15.3% share. If integration challenges can be handled well, a Qihoo/Sogou merger would yield a company with more resources, user data, and advertising scale to take on Baidu (BIDU -0.3%, 69.4% share). Sohu has forecast Sogou revenue of $48M-$50M for Q2, +41%-44% Y/Y.
    | 1 Comment
  • Jul. 16, 2013, 11:25 AM
    Qihoo (QIHU -4.4%) slides as investors mull the impact of Baidu's (BIDU +4.9%) purchase of Chinese app store owner 91 Wireless on Qihoo's rival Mobile Assistant app store. Baidu will likely try to bundle 91's app store with its existing arsenal of mobile apps/services for OEMs, and also pitch its developer partners on publishing their apps to the store. Stifel is defending Qihoo: the firm thinks Mobile Assistant handled more downloads than 91 Wireless in the 6 months ending Jan. '13 (7B vs. 6.2B). Meanwhile, ABR defends the steep price Baidu paid: it thinks 91's rapid growth could lead it to contribute $0.11-$0.17 to 2014 EPS.
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  • Jul. 16, 2013, 9:42 AM
    A roundup of tech analyst ratings changes: 1) Baidu (BIDU +4.7%) has been upgraded to Neutral by Citi following the 91 Wireless deal. 2) Sonus (SONS +4.7%) has been upgraded to Buy by Lazard. 3) Stamps.com (STMP -7.7%) has been cut to Neutral by B. Riley. 4) Move (MOVE +2.9%) has been started at Overweight by Stephens. 5) Cavium (CAVM -2%) has been started at Reduce by Nomura. 6) Perfect World (PWRD +1.8%) has been upgraded to Buy by Citi. 7) Trina (TSL -0.5%) has been cut to Underperform by Raymond James; shares would be faring worse if not for ReneSola's guidance hike.
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  • Jul. 16, 2013, 9:10 AM
    Premarket gainers: SHFL +23%. SOL +16%. NQ +7%. HSOL +6%. BIDU +7%. BYI +6%. SNTA +6%.
    Losers: JOEZ -15%.
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  • Jul. 15, 2013, 10:30 PM
    Baidu (BIDU) is acquiring top Chinese mobile app distributor 91 Wireless from Hong Kong-listed NetDragon and minority shareholders for $1.9B. 91 was estimated to host ~900K Android apps from ~93K developers (#1 in China) at the end of 2012; the company has also developed several popular apps. Baidu is paying steep multiples for rapid growth: NetDragon's mobile ops posted 2012 revenue of $46M, and Q1 revenue of $23.6M (+42% Q/Q and +219% Y/Y). The deal follows Baidu's purchases of video sites PPS and iQiyi, and is another step towards building a Google-like mobile ecosystem ... and perhaps also lowering its search dependence in the face of growing competition and mobile monetization issues. 91 competes with Qihoo's (QIHU) Mobile Assistant app store.
    | 11 Comments
  • Jul. 15, 2013, 2:34 PM
    Chinese Internet stocks are turning in a good day after the government unveils a new telecom plan promising to increase fiber-to-the-home deployments, improving 3G connectivity, and issue 4G licenses by year's end. YOKU +6.2%. BIDU +4.7%. QIHU +4.8%. DANG +4.9%. YY +9.2%. CYOU +5.2%. China's telecom giants aren't moving much: CHL +0.3%. CHA -0.4%. CHU +1%. (more on China/4G)
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  • Jul. 11, 2013, 1:28 PM
    Baidu's (BIDU +3.4%) Duoku mobile entertainment/content unit has bought mobile gaming portal Ptbus.com, a source tells Marbridge consulting. Baidu has been investing heavily in building mobile apps and related cloud services, with the goal of creating an ecosystem around its mobile search engine (now has100M+ daily users).
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Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website Baidu.com.