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Qihoo 360 Technology Co. Ltd. Message Board

  • nusaiba nusaiba Aug 27, 2013 5:35 PM Flag

    Breaking News!Jefferies upgraded Qihoo 360 Technology (NYSE: QIHU) from Hold to Buy with a price target of $100.00 (from $49.00).

    Jefferies upgraded Qihoo 360 Technology (NYSE: QIHU) from Hold to Buy with a price target of $100.00 (from $49.00).

    Analyst Cynthia Meng comments, "2Q13 rev and earnings beat both Street and our est. 3Q13 rev guidance range is 13-15% above consensus. Top line growth was driven by accelerated monetization in performance-based ads, search, and mobile games. We revised up FY13 total revenues by 14%, non-GAAP OP margin up by 3.5pcpt to 28.3%. Monetization of search ads and games on both PC and mobile has potential for upside surprises."

    The firm raised FY 2013 EPS from $1.04 to $1.40 and FY 2014 EPS from $1.68 to $2.11.

 
QIHU
67.47-3.15(-4.46%)Sep 30 4:03 PMEDT

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