I've been trading QIHU very successfully, but I'm looking for a good research site to get stock picks from. I've made a lot of money (over $60k) from UA (underground stock alerts) google them - looking for more solid research sites to add to my trading arsenal. please leave your recommendations below along with a review, i think this will be beneficial to all traders here on the board. thanks and good luck to all! -Freddy
tiany all momentum stocks are getting killed - it's a sector rotation and Chinese stocks will take it much harder. Those unsubstantiated Chinese reports mean zero. QIHU can't comment as they are in quiet period so i would not take too much from those reports. The overall market finally showed ite weak hand today with all major avergaes lower but if you look at growth stocks over the past two weeks they are much lower than the overall markets.
Sentiment: Strong Buy
well with earnings it's a gamble. That's why I often employ options alone. One never knows what has or hasn't been baked in. Expect them to shock a little - The CEO is outspoken by nature. My $200 target is not near-term at all. late 2014 or early 2015 if and it's a big IF, that all the stars are aligned as in China receives the great rotation as US stocks become exhausted or continue their rally. Growth in QIHU is baked into my forcast as in 40-50% marketshare and monitizingsearch/mobile. Today's hedge fund/CNBC impact may be greater than we know presently. Not many people know this stock. If QIHU receives the CNBC darling impact like BIDU then forget it, $200 is around the corner..Let's see what Monday brings first But I loaded nicely today..
Sentiment: Strong Buy
Qihoo 360 Reports Third Quarter 2013 Unaudited Financial Results
- Record Quarterly Revenues of $187.9 million, up 124% Year-over-Year
- Record Quarterly GAAP Net Income of $44.5 million, up 244% Year-over-Year
- Record Quarterly Non-GAAP Net Income of $61.5 million, up 154% Year-over-Year
Qihoo 360 Technology Co. Ltd. 11 minutes ago
BEIJING, Nov. 24, 2013 /PRNewswire/ -- Qihoo 360 Technology Co. Ltd. ("Qihoo 360" or the "Company") (QIHU), a leading Internet company in China, today reported its unaudited financial results for the quarter ended September 30, 2013.
Third Quarter Financial Highlights1
•Revenues were $187.9 million, a 124% increase from $84.0 million in the third quarter of 2012.
•Net income attributable to Qihoo 360 was $44.5 million, compared to $12.9 million in the third quarter of 2012.
•Non-GAAP net income attributable to Qihoo 360 (1) was $61.5 million, compared to $24.2 million in the third quarter of 2012.
•Diluted earnings per ADS(2) ("EPADS") attributable to Qihoo 360 was $0.35, compared to $0.11 in the same period last year.
•Non-GAAP diluted EPADS attributable to Qihoo 360 (1) was $0.47, compared to $0.20 in the same period last year.
Third Quarter Operating Metrics
•Total monthly active users of Qihoo 360's PC-based products and services reached a record 465 million in September 2013, compared to 442 million in September 2012(3).
•User penetration of Qihoo 360's PC-based products was 94% in September 2013, compared to 95% in September 2012 (3).
•Total smartphone users of 360 Mobile Safe, Qihoo 360's primary mobile security product, reached a record 408 million in September 2013, compared to 149 million in September 2012.
•Monthly active users of Qihoo 360's browsers reached a record 342 million in September 2013, compared to 303 million in September 2012 (3).
•User penetration of Qihoo 360's browsers was 69% in September 2013, compared to 65% in September 2012 (3).
•Average daily unique visitors to the 360 Personal Start-up Page and its sub-pages were 126 million in the third quarter of 2013, compared to 89 million in the third quarter of 2012.
•Average daily clicks on Qihoo 360's Personal Start-up Page and its sub-pages were approximately 681 million in the third quarter of 2013, compared to 451 million in the third quarter of 2012.
"We are very excited to report another quarter of success in all key areas of our business," said Mr. Hongyi Zhou, Chairman and Chief Executive Officer of Qihoo 360. "In addition to achieving record revenue and profitability, we strengthened our leadership position in key product categories and made significant inroads into new markets. With our PC security products covering nearly 95% of Chinese PC Internet users, and our mobile security solutions covering approximately 70% of Chinese smartphone users, Qihoo 360 remains the indisputable leader in Internet security in China. In addition, monthly active users of our PC browsers represented almost 70% of the Chinese PC Internet population. As we further established our leadership position in the PC Internet market, we have been making significant progress in the fast growing mobile Internet space. Our Android app store – 360 Mobile Assistant, maintained its position at the forefront of the industry and is increasingly becoming the most effective launch platform for Android app developers, despite the dynamic landscape and fierce competition."
"During the quarter, we continued to gain notable search traffic market share and, based on a third party report, we have already achieved our year-end search traffic share goal several months ahead of schedule. Looking ahead, we will continue to invest in product development and technology innovation, setting the stage for Qihoo 360 to capture a significant portion of the search market in both PC and mobile Internet and eventually reshape this vast industry in China. While our search monetization is still in its early stages, we have made significant progress. We believe that search and mobile monetization will drive substantial long-term growth for our business," concluded Mr. Zhou.
Mr. Xiangdong Qi, President of Qihoo 360, added, "We saw accelerated growth in key business lines in the third quarter. Online advertising revenue grew 107% year-over-year, bolstered by further development of our monetization process and incremental contributions from both search and mobile monetization. Internet value-added services once again outpaced the market and achieved revenue growth of 163% year-over-year with strong momentum in mobile games. While search and mobile monetization are still in their nascent stages, they ramped up faster than expected, and will become major catalysts for future growth. As the competitive environment rapidly changes in China, we will continue to make proactive investments in product and technology development to drive our leadership positions forward and expand our footprint, particularly in mobile Internet and search technology, where we see tremendous opportunities for expansion. Meanwhile, we are gradually building our sales and marketing infrastructure to support our monetization efforts. We believe these investments will fortify our foundation, support sustainable growth and drive long-term shareholder value."
Taking market share from competitors
According to CNZZ, a third-party internet data research firm, Qihoo's search market share in October was 23% in terms of number of unique visitors. This is a 4% increase over the September numbers. The increase comes at the expense of its competitors: Baidu, Sogou (SOHU), and Tencent's (OTC:TCEHY) Soso. Qihoo now also has the largest Android-based app distribution platform in China, with 29% market share, ahead of Baidu's 24% and Tencent's 6%.
Sentiment: Strong Buy
The stock has broken down from a 3 month long contracting triangle on high volume, and TA indicates at least a $15 move.
Unless it closes above $79 within the next day or two, the next stop will be $67, and it may see $60 before the selling stops.
Investors are not happy that SOHU management is pocketing the sale money from TENCENT, it shows lack of character and interest in growing the company
Meanwhile, QIHU still has cash from its share offering - it shows they are patient and careful in making decisions
Right swordy...i can see you on the floor now dancin in your white shiney shoes and your polyester vfw pants...bwaaaaaa....lmfao....how many id's you have ??!?!?!?!?!?!
WASHINGTON debt game is over.... Qihu is one of a handful of stocks in the world markets that can not be suppressed. Fortunes will be made with this name, in early innings.
Sentiment: Strong Buy
I bought some QIHU at 87 and then sold for just about the same price- I got nervous. I just don't trust this company. I don't think this is a win/lose situation with BIDU. The market is big enough for two. If it was a win/lose situation; QIHU has already lost and will definitely lose to BIDU. My problem with QIHU is that their numbers seem fishy. If they in fact controlled 20% of Chinese Search Market; why isn't their revenues significantly bigger? Why wouldn't their numbers be growing faster? Also, I think they gained too much market share too quickly to even be realistic. I love the idea that BIDU gets Competition, even though I have had BIDU the past 4-5 years- and I rode out the weakness the last year and a 1/2 - until they bought 91 wireless. Competition is good; and I can see BIDU getting stronger in Video, Gaming, and Cloud Computing. SO, I am really hoping QIHU can compete, but I am beginning to have my doubts.