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QIHOO 360 Technology Co. Ltd. (QIHU)

  • Apr. 2, 2013, 1:39 PM
    Baidu's (BIDU +1.8%) Chinese search share stood at 70.5% as of March 20, down from 71.5% at the end of 2012, estimates T.H. Capital. Qihoo (QIHU -1.4%), by contrast, is believed to have grown its share to 13.5% from 10.4% over this time. Nonetheless, the firm thinks Baidu's page views and unique visitors respectively grew 0.9% and 0.6% in Q1, which it thinks could bode well for Q1 revenue. Separately, Sina Tech reports Baidu is working with Qualcomm (QCOM) on a Google Glass-like product called Baidu Eye. (Citi report)
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  • Mar. 28, 2013, 12:28 PM
    Baidu's (BIDU -0.9%) paid click growth fell to 20%-21% Y/Y in Q4 '12 after growing 64% in 2012, estimates Citi's Muzhi Li.  In addition to share losses to Qihu (QIHU) and Sohu's (SOHU) Sogou, Li thinks Alibaba's shopping search growth is taking a toll. He's also concerned Chinese Web user growth will slow, even though penetration is only at 42% - 77% of Chinese non-Web users responding to a survey showed no interest in going online. Baidu's PC search paid clicks and ad prices (CPCs) are respectively expected to rise 12% and 17% in 2013; total 2012 CPC growth is pegged at 21%.
  • Mar. 20, 2013, 10:57 AM
    Solid earnings from Tencent (TCEHY.PK) and a rally in Shanghai help Chinese Internet stocks trade higher. YOKU +3.8%. SINA +2.8%. QIHU +2.5%. SOHU +1.8%. YY +1.8%. NTES +1.5%. PWRD +1.7%. Tencent, which rose 1.5% in Hong Kong, reported a 53% Y/Y increase in Q4 sales to $1.96B, and a 37% increase in net income to $557M. Ad sales were better than expected, and value-added service sales (includes online games) rose 32%. Registered accounts for Tencent's WeChat mobile IM platform, which competes with Sina's Weibo, have topped 300M.
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  • Mar. 6, 2013, 10:14 AM
    Sell on the news: Qihoo (QIHU -6.9%) is now off sharply post-earnings, albeit still up from Friday's close. Jefferies has cut shares to Hold: while noting Qihoo's strong revenue guidance, the firm is worried about weak margin guidance and a marketing spend ramp. It's also cutting its 2013 search revenue forecast by 12% to $100M. On the earnings call, management stated its mobile monetization efforts will be focused on games rather than ads over the near-term, and declared its Mobile Assistant marketplace the most popular Android app store in China.
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  • Mar. 6, 2013, 9:10 AM
    Premarket gainers: PRAN +13%. PBR +12%. CYTX +9%. PPHM +8%. GEVO +8%. MTG +8%. TSL +8%. HNR +7%. BIG +7%.PBR.A +6%. PAY +5%. WPRT +5%.
    Losers: AVAV -25%. TFM -11%. AEO -9%. SOHU -8%. QIHU -5%. NBG -5%.
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  • Mar. 5, 2013, 5:27 PM
    More on Qihoo: Q1 guidance is for revenue of $104.5M-$106.5M, above a $92.7M consensus. MAUs for Qihoo product/services totaled 456M in, +3% Q/Q and +13% Y/Y. Browser MAUs totaled 310M, +2% Q/Q and +22% Y/Y. Mobile security users hit 207M, up nearly 4x Y/Y. Daily visitors to 360 home page +2% Q/Q, daily clicks flat. Ad revenue +49% Y/Y and 65% of total, value-added services (mostly games) +105%. Opex +104% Y/Y to $82.6M (partly due to search investments). QIHU -1.3% AH following a 6.3% gain in regular trading. CC at 7:30PM ET (webcast). (PR)
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  • Mar. 5, 2013, 5:02 PM
    Qihoo 360 Tech (QIHU): Q4 EPS of $0.22 beats by $0.05. Revenue of $103M (+65% Y/Y) beats by $9.32M. (PR)
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  • Mar. 5, 2013, 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.
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  • Mar. 5, 2013, 12:10 AM
    Notable earnings after Tuesday’s close: AVAV, JMBA, MCEP, NTRI, PAY, QIHU, SSW, SWHC, VNET
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  • Mar. 4, 2013, 5:35 PM
    Notable earnings after Tuesday’s close: AVAV, JMBA, MCEP, NTRI, PAY, QIHU, SSW, SWHC, VNET
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  • Mar. 4, 2013, 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.
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  • 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.
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  • Feb. 26, 2013, 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.
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  • 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. 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.
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  • 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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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