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QIHOO 360 Technology Co. Ltd. (QIHU)

  • 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.
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  • Feb. 4, 2013, 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)
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  • 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. 24, 2013, 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%.
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  • Jan. 24, 2013, 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.
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  • Jan. 23, 2013, 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.
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  • Jan. 18, 2013, 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)
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  • Jan. 10, 2013, 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.
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  • Jan. 7, 2013, 4:03 PM
    While Baidu closes lower following a Barclays downgrade, Qihoo (QIHU +2.6%) has made new highs again with the help of a bullish note from Maxim Group. The firm says its checks indicate Qihoo has begun selling search ads, and may have also signed a rumored ad deal with Google. Maxim sees Google contributing to Q1 revenue, and expects Qihoo's split from the deal to be higher than the 33% it received for redirecting traffic to Google search from its browser.
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  • Jan. 7, 2013, 9:15 AM
    Baidu (BIDU) -2.4% on a downgrade to Equalweight from Barclays; the firm cites earnings risk, a lack of mobile visibility, and Qihoo's (QIHU) search success. Barclays launched coverage on Baidu with an Outperform in Oct. '11, but slashed its PT last August.
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  • Jan. 2, 2013, 2:44 PM
    Qihoo (QIHU -1.2%) continues to flesh out its search engine by launching an image search feature. Music search and mapping capabilities were recently added (I, II), and Qihoo is promising additional vertical search options going forward. Shares are lower today after roaring to new highs on Monday.
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  • Dec. 31, 2012, 4:47 PM
    Bullish comments from Wedge Partners helped Qihoo (QIHU +8.6%) break out to new 52-week highs today. The firm is encouraged by the company's search ad deal with Google, and predicts it will generate $140M in 2013 revenue. Qihoo, which has roughly a fifth of its float shorted, wasn't one of Citron Research's greatest hits this year. (earlier)
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  • Dec. 31, 2012, 12:04 PM
    Credit Suisse is becoming even more bearish on Baidu (BIDU +0.9%), lowering its PT to $80 from $82 while reiterating an Underperform. The firm is worried Baidu will use the proceeds from its $1.5B debt offering to embark on a "costly and risky" M&A strategy. It views security software vendor/Qihoo rival Kingsoft, mobile browser developer UCWeb (already the subject of M&A rumors), and even Sina Weibo as possible targets. Qihoo (QIHU +5.3%) is making new 52-week highs today. (October downgrade)
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  • Dec. 21, 2012, 5:07 PM
    Qihoo (QIHU) appears to be on the verge of selling ads for its suddenly-popular search engine, and thereby becoming a rival for search ad dollars that currently go to Baidu (BIDU) and Sohu (SOHU). A Chinese online ad agency notes Qihoo's search ad service will launch on Jan. 1. After entering the market in August, Qihoo has quickly managed to grab a ~10% share of Chinese search traffic. it has also launched complementary music and mapping services.
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  • Dec. 10, 2012, 11:36 AM
    NetQin (NQ -6.5%) slumps after SA's FJE Research questions the company's user account figures. While NetQin claims to have a 63% share of the Chinese mobile security software market, research firms assert Qihoo (QIHU) has a 60%+ share. Moreover, download figures for NetQin's security app on Sina and various app stores are meager, and Baidu search activity is also light. NetQin's low valuation indicates there's already some skepticism on the Street about its growth story.
  • Dec. 7, 2012, 12:18 PM
    Qihoo (QIHU -1.1%) and Nokia (NOK +2.1%) will partner to offer a custom phone for the Chinese market, a source tells Marbridge Consulting. Qihoo, which could integrate its browser, antivirus software, and search engine with the phone, is no stranger to partnerships with phone OEMs. Neither is rival Baidu, which is teaming up with Lenovo to offer a phone leveraging its Android-based OS. Nokia, whose Chinese sales have plunged, just launched the Lumia 920T and 620 for China Mobile.
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Company Description
Qihoo 360 Technology Co Ltd provides high-quality internet and mobile security products in China. Its products and services are supported by its cloud-based security technology.
Sector: Technology
Country: China