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Qihoo 360 Technology Co. Ltd. Message Board

  • spatel27 spatel27 Mar 6, 2013 10:42 AM Flag

    Jefferies has cut shares to Hold

    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.

48.53+1.14(+2.41%)Mar 6 4:03 PMEST

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