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Qihu 360 IPO Prices Above Range, Doubles in Opening TradeSA Editor Mohit Manghnani • Wed, Mar 30, 2011
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PR Newswire (Sun, 6:00PM)
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at MarketWatch.com (Sun, 8:01AM)
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at Fox Business (Aug 23, 2012)
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QIHU vs. ETF Alternatives
Company Description
Currently, there's no company description for QIHU.
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, March 5, 2:04 PM Qihoo (QIHU +4.7%) makes new 52-week highs ahead today's Q4 report; shares are now up 14% since last Tuesday's close. In addition to T.H. Capital, Maxim Group has been singing the company's praises: last week, the firm argued strong Q4 traffic and sales volume for Chinese e-commerce sites (they make up ~50% of Qihoo's ad sales) bodes well. Shares now trade at 32x 2013E EPS. Comment! [Tech, On the Move]
- Tuesday, March 5, 12:10 AM Notable earnings after Tuesday’s close: AVAV, JMBA, MCEP, NTRI, PAY, QIHU, SSW, SWHC, VNET Comment! [Earnings]
- Monday, March 4, 5:35 PM Notable earnings after Tuesday’s close: AVAV, JMBA, MCEP, NTRI, PAY, QIHU, SSW, SWHC, VNET Comment! [Earnings]
- Monday, March 4, 1:17 PM Qihoo (QIHU +2.5%) bucks a weak day for Chinese stocks to trade higher in front of the company's earnings report scheduled for tomorrow. Sentiment is getting swayed by a positive note out from T.H. Capital which points to a boost in online shopping sales and web game hosting activity for the company. Comment! [Tech, On the Move]
- Wednesday, February 27, 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. 1 Comment [Tech]
- Tuesday, February 26, 11:15 AM A month after Qihoo's (QIHU -3.7%) iOS apps were banned from the App Store due to policy violations, the company is reportedly thinking of abandoning the App Store. A Qihoo exec sent to Apple HQ to smooth things over "was not granted an audience," Marbridge Consulting reports, and most of Qihoo's mobile users (in-line with Chinese smartphone trends) rely on Android. However, iPhone users are a wealthier demographic, and still a sizable portion of the market. Qihoo -6.4% over the last 2 days. Comment! [Tech, On the Move]
- Monday, February 18, 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. 5 Comments [Tech]
- Tuesday, February 5, 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. 1 Comment [Tech, On the Move, Earnings]
- Monday, February 4, 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. 1 Comment [Tech, On the Move]
- Monday, February 4, 2:39 PM Qihoo's (QIHU +0.7%) iOS apps have been banned from the App Store for over a week: multiple Chinese sources report Apple is unhappy with abuses that include the manipulation of App Store rankings and the encouraging of jailbreaking. The fact Chinese iOS users tend to be wealthier than Android users gives them a demographic value greater than their market share. Separately, Qihoo has been warned by the Chinese government over the tactics it has used to grow its antivirus software base. (Citron Research) (Muddy Waters) Comment! [Tech]
- Monday, January 28, 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. 3 Comments [Tech, On the Move]
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Thursday, January 24, 5:42 PM
After-hours top gainers, as of 5:15 p.m.: TPX +18%. INFA +12%. RMD +6%. KLAC +3%. QIHU +3%.
After-hours top losers: SCSS -17%. FLEX -7%. SFL -6%. ETFC -5%. CPHD -4%. Comment! [On the Move] - Thursday, January 24, 11:28 AM Qihoo (QIHU +0.8%) has spiked lower after Muddy Waters joins fellow Chinese short-seller Citron Research in attacking Qihoo's business practices. MW notes merchants using Alibaba's popular Taobao platform accuse Qihoo of diverting commissions to other accounts by means of code within its 360 browser, and that some have begun a Boycott 360 campaign. Shares were previously up strongly thanks to a bullish note from Macquarie: the firm says checks indicate healthy business trends for Q4 and Q1. Comment! [Tech, On the Move]
- Wednesday, January 23, 11:35 AM Sina (SINA +1.9%) ticks higher after ABR Investment adds the company to its "Secular Long List." The firm predicts Sina will manage to monetize Weibo through a mixture of apps, ads, mobile services, and e-commerce, and expect the launch of a home-grown ad system later this year will provide a lift. The remarks come as Sina strikes a deal with Qihoo (QIHU +1.5%) to promote an online game on Qihoo's Game Center site. Comment! [Tech]
- Friday, January 18, 4:32 PM Qihoo's (QIHU +0.3%) management has confirmed the company has entered into a search ad partnership with Google (GOOG). However, Qihoo says it also plans to invest in its own ad sales infrastructure. Investments in Qihoo search, which continues to slowly-but-steadily pick up share, contributed to a Y/Y doubling in operating expenses for Q3. (previous) 1 Comment [Tech]
- Thursday, January 10, 11:39 AM Baidu (BIDU +3.5%) is rallying after JPMorgan argues an improving Chinese economy and rising mobile revenue (aided by Baidu's iOS search deal) will give the company a lift. The firm thinks mobile, clearly a major concern for the Street, could make up 10% of sales by year's end. Youku Tudou (YOKU +3.5%), which JPMorgan also sees benefiting from the aforementioned trends, is also up. Alibaba's analytics arm recently estimated Qihoo (QIHU) took more search share from Baidu in December, but at a slower pace. Comment! [Tech, On the Move]
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Computrav: I did a Mar $37 butterfly + $32 short put ($0.65 net credit, $31.36 breakeven). Hopefully will make money in either direction! -
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Ryan Mallory
LiveCharts: Thinking What You See, Not What You Think | beste trade setups include: $RAX $QIHU $SBGI $DDD http://bit.ly/WMtg9a - View all 0 replies
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Benjamin Yu
$QIHU the search market share of Qihu's "so.com" now is increasing to 13% of the total search market in china. - View all 0 replies
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Ryan Mallory
WSN's Top Watchers for the Week of 11.20 $STX, $QIHU, $SLV, $NUS, $CSTR by @wallstreetnole http://bit.ly/YhI8lP - View all 0 replies
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