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Sina Corporation (SINA)

- NASDAQ
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  • Dec. 19, 2011, 10:59 AM
    Zynga (ZNGA -5.3%) looks like an IPO in trouble after a second down day following its sub-$10 close on Friday. Analysts proceed cautiously: Cowen picks up coverage at Neutral, Sterne Agee starts at Underperform with a $7 target, and Morningstar says fair value on the stock is ~$6. Other social media shares may be feeling the heat: GRPN -3.1%, LNKD -0.6%, SINA -3.6%.
    | 11 Comments
  • Dec. 16, 2011, 8:36 AM
    Sina (SINA) -5.2% premarket after the Beijing city government publishes rules requiring users of popular microblogging services in China to register their real names with service operators. Sina's popular Weibo microblog has become a gathering point for lively discussion and, on occasion, criticism of government policies.
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  • Dec. 5, 2011, 9:10 AM
    Premarket gainers: SFSF +51%. AFFY +27%. TLEO +16%. FRO +15%. AGO +13%. LYG +13%. ING +7%. STD +5%. IL +5%. RDN +4%. RIG +4%. IRE +4%. CMVT +4%. MT +4%. CPST +3%. BAC +4%. BCS +4%. JEF +4%. CS +4%. CLF +4%. MS +3%. RTK +3%. RF +3%. AKS +3%. C +3%. SD +3%. X +3%. CRM +3%. S +3%. AMR +3%. VE +3%. JPM +3%. PHG +3%. MGM +3%. SINA +3%.
    Losers: REGN -8%. FSIN -6%.
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  • Dec. 1, 2011, 5:10 PM
    Sina (SINA) gains 2.8% AH after Deutsche upgrades shares to Buy, and lifts its PT to $94.80. The firm is bullish on both Sina's social gaming efforts - unlike rivals Tencent (TCEHY.PK) and Renren (RENN), Sina doesn't compete with its developer partners - and its ability to monetize its fast-growing Weibo microblogging platform.
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  • Nov. 29, 2011, 2:25 PM
    Sina (SINA +3.7%) shares bounce back after yesterday's slide on rumors of an impending report from Muddy Waters, but at least Bill Bishop believes its books are clean: "There is a lot of value in both Sina’s core business and in Sina Weibo... at some point Sina shares could be a terrific bargain, assuming management can rebuild confidence with investors." A big if.
    | 1 Comment
  • Nov. 28, 2011, 11:22 AM
    SINA shares bounce back from a decline of more than 10% as Muddy Waters tweets, "There is NO report forthcoming. MW has done zero work on SINA." The outfit is responding to a WSJ report that the Chinese online concern was to be MW's next target. Shares -2.7%.
    | 1 Comment
  • Nov. 28, 2011, 10:18 AM
    Bucking today's meltup is Chinese online media company SINA, off 3.5% on a WSJ-China report the firm could be the next target of Muddy Waters research. SINA CEO Charles Chao has served on the board of Focus Media (FMCN) - Muddy Waters' most recent victim - since 2005.
    | 2 Comments
  • Nov. 23, 2011, 2:14 PM
    Renren (RENN -7%) makes new 52-week lows after Pac Crest's Evan Wilson downgrades shares to Sector Perform, and forecasts below-consensus 2012 revenue and EPS. Wilson is worried about competition from Sina's (SINA) Weibo and Tencent (TCEHY.PK), and also about a lack of differentiation among Chinese social networking sites. Renren is now down 74% from its May IPO price. (Q3 results)
    | 1 Comment
  • Nov. 21, 2011, 3:26 PM
    Thanks to both the selloff in risk assets, and Focus Media's (FMCN -45.6%) dive into Muddy Waters (I, II), several Chinese tech ADRs are among the day's worst performers. Among these names are former Muddy Waters target Spreadtrum (SPRD -11.5%), and recent Citron Research target Qihoo 360 (QIHU -9.9%). Also off sharply: SINA -11.1%. YOKU -12.5%. RENN -8.2%.
    | 1 Comment
  • Nov. 17, 2011, 11:37 AM
    Chinese Internet stocks are selling off, as Youku.com's (YOKU -19%) weak Q3 report (I, II) offsets better reports (I, II) from NetEase.com (NTES +5%) and Qihoo 360 (QIHU +0.2%). BIDU -3.1%. SINA -3.3%. RENN -3.5%. TUDO -5.4%. SOHU -2.2%. PWRD -5%. GA -2.2%.
    | 1 Comment
  • Nov. 9, 2011, 12:42 PM
    Sina (SINA -7.9%) dips despite beating Q3 estimates, as its net profit swings to a loss due to heavy write-downs and higher expenses. Gross margin fell to 56% from 60% a year earlier.
    | 1 Comment
  • Nov. 8, 2011, 4:39 PM
    Sina (SINA): Q3 EPS of $0.26 beats by $0.03. Revenue of $130M (+20% Y/Y) beats by $5M. Shares +0.2% AH. (PR)
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  • Nov. 8, 2011, 12:10 AM
    Notable earnings after Tuesday's close: ATVI, DOX, IGT, MDR, MRX, PAAS, PANL, ROVI, SINA, SVM, TTWO, WTW
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  • Nov. 7, 2011, 1:46 PM
    Sina (SINA +0.9%) is outperforming going into tomorrow's Q3 report, perhaps thanks to bullish comments from Piper. The firm thinks Sina "could post slight upside to Street revenue estimates," given Sohu's (SOHU) Q3 numbers, and (more importantly) expects Sina to report its Weibo user base is still growing at a rapid clip.
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  • Nov. 4, 2011, 7:51 AM
    Just as Twitter's ability to act as a real-time information source has made it a thorn in Google's (GOOG) side, Sina's (SINA) Weibo microblogging platform is playing the same role for Baidu (BIDU). The latter is rolling out a Chinese microblog search service, but Sina's unwillingness to join in will limit its usefulness. A Google-Twitter search deal lapsed in July.
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  • Oct. 28, 2011, 8:21 AM
    Baidu (BIDU) is up 8% thanks to its strong Q3 results and Q4 guidance. Baidu attributes its performance to higher spending from major advertising customers; a September home-page revamp could also be helping. Other Chinese Internet stocks are rising in sympathy. SINA +3.2%. SOHU +3.6%. RENN +4.9%.
    | 1 Comment
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Company Description
SINA Corp is an online media company and MVAS provider in the People's Republic of China and for the Chinese communities.
Sector: Technology
Country: China