Seeking Alpha
 

Baidu, Inc. (BIDU)

- NASDAQ
  • 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.
    | Comment!
  • 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%.
    | Comment!
  • 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)
    | Comment!
  • 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)
    | Comment!
  • 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
    | Comment!
  • 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
    | Comment!
  • 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.
    | Comment!
  • 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.
    | Comment!
  • 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%.
    | Comment!
  • 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)
    | Comment!
  • 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).
    | Comment!
  • Jul. 5, 2013, 11:22 AM
    Google (GOOG +0.6%) had just 2.1% of the Chinese search market in June, down from 4.7% last October, per research firm CNZZ. Though Google's Chinese share has been falling for some time thanks to its decision to shut down Google.cn and redirect visitors to its Hong Kong site rather than censor results, Qihoo's (QIHU +3.4%) decision to make its own search engine the default engine for its browser, and thereby swap out Google, has sped up the trend. Qihoo is now estimated to have a 15.3% share (was 9.6% in Oct.), and Sohu's (SOHU +1.3%) Sogou 8.8% (7.8% prior). Baidu's (BIDU +1.1%) share is believed to have fallen to 69.4% from 73%. (more on Qihoo/Baidu)
    | Comment!
  • Jul. 1, 2013, 2:11 PM
    Qihoo (QIHU +1.9%) is beta-testing a mobile search engine to go with Wi-Fi routers and English-language versions of its 360 PC/mobile security apps, says Stifel, which calls the company "in the midst of an innovation wave" and is raising its PT to $55. The launch of a mobile search engine would amount to additional competition for Baidu (BIDU -1.9%), which now has 100M+ mobile search daily users (monetization is still a work-in-progress). An English version of Qihoo's 360 Mobile Safe app would likely compete with NQ Mobile's (NQ +4.6%) apps. (Baidu PC security app)
    | Comment!
Visit Seeking Alpha's
BIDU vs. ETF Alternatives
Company Description
Baidu Inc is a Chinese language Internet search provider. The Company offers a Chinese-language search platform on its website Baidu.com.