Pay attention folks. Lots of developing stories. Free Internet calling,video jt venture with enlight media, jt venture with coolpad. You will see more institutional accumulation once they file sec documents next week. Morgan Stanley and nomura call to buy. Cheap valuation along with improving technical picture with a falling wedge pattern. Don't miss out its going to go up. People of 15 with good growth . Should never have been at this price in the first place
We are not as encouraged by Qihoo’s mobile search business. There are very few trustworthy third-party statistics for Chinese mobile search market share. But based on our empirical experience, Qihoo’s mobile search does not seem to have gained too much ground. We still believe it’s difficult for Qihoo to grow the mobile search organically, because the company does not have strong search brand leverage like what Baidu (BIDU) enjoys or a powerful springboard like its Internet browser for its PC search business.
Credit Suisse‘s analysts Jialong Shi and #$%$ Wei today upgraded Qihoo 360 from Neutral to Buy, “following the 32% correction in the past three months.” The analysts maintained their $84 price target.
Despite the strong revenue growth, we remain concerned about the intensifying competition in Chinese mobile app store market. On top of Tencent and Baidu, we learned that smartphone manufactures are also stepping up efforts to compete for high quality third-party titles. Qihoo needs to keep adding new features and services to its mobile app store, which by nature has little content differentiation, to enhance user stickiness.