Qihoo 360 Technology Zacks Bull of the Day
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http://seekingalpha.com/article/...l-of-the-day-qihoo-360?source=feed
.....Qihoo 360 Technology offers a broad spectrum of Internet and mobile security products. Its core Internet and mobile security products include 360 Safe Guard and 360 Anti-virus 360 Mobile Safe, 360 Safe Browser, 360 Personal Start-up Page, 360 Application Store and 360 Safebox.
In a brilliant strategy move, Qihoo 360 began offering its cloud-based Internet security products for free to users. And this has allowed them to monetize their significant audience through online advertising services, including paid links as well as Internet value-added services, such as offering access to third-party Web games and virtual items.
In 2013, the company's launch of a search engine so.com was the game-changer that leveraged its broad reach in China to capture lucrative search market share and advertising dollars. The “360” brand stands for Internet security to the company's users, and these users are a ripe audience for advertisers.
But the innovation didn't stop there. In September, the company launched 360 Yingshi Daquan, the mobile version of 360 Video, Qihoo’s video vertical search engine. 360 Yingshi Daquan is a 360 mobile app that enables users to search for and view videos from Qihoo partners on Android based smartphones.
What else do Chinese PC and mobile users rely on Qihoo 360 for? Gaming! ......
noch mehr findet man hier
http://seekingalpha.com/symbol/QIHU
Platz 6: Qihoo 360 Internet Security 4.2 [Kostenlos]
Qihoo, a Chinese search engine, games and security software provider, boasts a highest-possible 99 for its Earnings Per Share and Composite ratings. Its three-year earnings growth rate is 158%. Analysts expect a slowdown to a still-robust 80% for 2013, and a 55% increase this year.
The Beijing-based company, which launched its search engine in August 2012, has been taking market share from dominant player Baidu (BIDU) and reportedly handles over 20% of searches in China.
The stock jumped to an all-time high Tuesday and is now 10% extended past a 96.35 buy point of a third-stage cup-with-handle it first cleared on Jan. 30.
Read More At Investor's Business Daily: http://news.investors.com/...nternet-content-stocks.htm#ixzz2ttCAxpQp
Besides showcasing 360 Internet Security and 360 Mobile Security, Qihoo 360 will unveil a series of exciting products at MWC, covering everything from PC software, mobile applications to smart devices. Qihoo 360 is renowned for its industry leading security technology and it is worth mentioning that all Qihoo 360 software and mobile applications are totally free of charge.
With a 94% PC user penetration and dominant market shares in mobile security, browser and Android app distribution in China, Qihoo 360 is eager to introduce free, high quality security products to overseas customers
Read more: http://www.nasdaq.com/press-release/...d-20140219-00410#ixzz2txVFv4kh
VIDEO
http://www.fool.com/investing/general/2014/02/24/...sell-or-hold.aspx
http://translate.google.de/
It’s easy to get confused about this case because Qihoo is involved in so many other lawsuits, and because the initial dispute at the heart of this Tencent-Qihoo suit dates back years, to the so-called 3Q war, a dispute between the two companies that saw each accusing the other of foul play and using their software to block users from accessing the other’s software. That happened back in 2010, and since then, the lawsuits have been flying.
http://www.forbes.com/sites/ccuster/2014/02/24/...es-in-court-again/?
BEIJING, February 26, SinoCast -- Qihoo 360 Technology Co., Ltd (NYSE: QIHU) at the World Mobile Congress Barcelona 2014 released 360 Total Security, free of charge to users, whose traditional Chinese version will be available by the end of February while English version open for download some time after the MWC. 360 Total Security is originated from its Chinese version, but improved in shape, interactive design in line with using habits of foreign users, including functions for security, computer optimization, online shopping protection, garbage cleaning and startup acceleration. At the MWC, Qihoo 360 displayed ten products, including 360 Internet Security, 360 Security, 360 Mobile Assistant, 360 Portable Wi-Fi and 360 Children Wristband, covering security products, platform products and smart hardware. Copyright 2008 SinoCast Daily Business Beat
Part of Qihoo’s earnings surprise comes from improved operating leverage from higher sales. Qihoo’s operating margin was 37%, higher than the third quarter’s 35%, and 24% a year ago, even as the company aggressively increased investment spending.
Morgan Stanley analysts Timothy Chan and Philip Wan like what they saw in the Q4 earnings:
1) We estimate its search ad sales rose 34% QoQ to US$38mn (17% of total sales, vs. 15% last
quarter). 2) On our calculation, its mobile-related sales (appstore ads and virtual items) contributed 17% of total sales in 4Q, vs. 13-14% last quarter. 3) Mobile security users, navigation page users and click traffic increased 31-126% YoY. 4) It expects 1Q14 total sales to grow 2-3% QoQ and 106-107% YoY.
Qihoo has plenty of room to monetize its search user base, according to Morgan Stanley. Its search traffic market share remains vastly disproportional to its search revenue market share:
In 4Q13, its search advertising sales were less than 2% Baidu’s (BIDU), but its search traffic was 43% of Baidu’s.
According to CNZZ, an Internet tracker, in February, Qihoo’s search traffic market share was 25%. Baidu’s was 43%.
Morgan Stanley has a Buy rating on Qihoo with a price target of $135.
http://blogs.barrons.com/emergingmarketsdaily/...-to-monetize-search/
360 Mobile Assistant has now reached free data agreements with China Mobile's (NYSE: CHL; 0941.HK) Guangdong and Beijing subsidiaries, China Telecom's (NYSE: CHA; 0728.HK) Jiangsu subsidiary, and China Unicom's Hubei and Beijing subsidiaries.
http://www.marbridgeconsulting.com/marbridgedaily/...ner_on_free_data
http://www.it-times.de/news/...aegt-konkurrenz-aus-dem-rennen-103819/
(Unfortunately for the Chinese security vendor, Qihoo: 360 Internet Security has recently been tested by the AV-TEST institute and awarded with only 4 out of 6 points for protection, 5 out of 6 for performance and 5.5 out of 6 for usability. As you can see, this score isn’t bad at all, but it’s still far from what industry leaders are offering these days.)
The company started off as an Internet and mobile-security provider but has expanded into new mobile gaming and search technology.
Analysts polled by Thomson Reuters are expecting Q1 EPS to soar 143% to 34 cents and revenue to pop nearly 108% to $228.2 million.
Qihoo shares rose 1% to 89.08 on the stock market Friday, moving back above the 200-day moving average.
Qihoo has gained market share from Baidu (NASDAQ:BIDU), China's dominant search service. Baidu is ranked No. 48 on the IBD 50.
Read More At Investor's Business Daily: http://news.investors.com/technology/...alibaba-ipo.htm#ixzz32im69HnV
CHART
http://www.investors.com/image/sctech90_052714.gif.cms
http://www.it-times.de/news/...n-ergebnis-knapp-verneunfachen-104776/
“First quarter revenue came in at $265 million (organically $248 million), well ahead of consensus and our estimate of $228 million, and the upside is mainly driven by games, which was up 191% year over year. (2) Second quarter guidance of 98%-101% Y/Y top-line growth (versus consensus of 78%) is impressive, considering the 50 points tough comp for 2Q. This guidance reflects management’s confidence in further monetization improvement on desktop search and mobile games. (3) Mobile games segment outperformed the industry, suggesting a favorable competitive position for the QIHU mobile app distribution platform – 360 Assistant. (4) Non-GAAP operating margin improved 540bps Y/Y on top-line strength and leverage, despite investment to marketing and mobile initiatives. As a result, EPS came in $0.20 above consensus. However, we also note that below-the-line items contributed about 10-12 cents upside in the quarter. (5) The company is to launch several mobile search related products to leverage the huge traffic to its app distribution platform. We believe the large user base and the company’s strong technology capability are boding well for QIHU mobile search in the longer term. We remain confident about QIHU’s business momentum across its business segments, and see multiple drivers over the near to long term, including search market share gains, mobile games, mobile app distribution traffic monetization, and continued PSP strength.”
Morgan Stanley analysts Philip Wan, Amanda Chen and Alvin Jiang write that:
“In May, Qihoo announced the acquisition of a controlling equity interest in MediaV, a leading precision advertising and digital marketing platform in China, which provides cloud-based big data analysis services that enable clients to deliver advertising to targeted audiences. Qihoo expects to leverage MediaV to build an advertising exchange platform, improving the efficiency of its advertising services, including search monetization. We anticipate 5-10% incremental revenues contribution from MediaV in 2014.”....
http://blogs.barrons.com/emergingmarketsdaily/...-5-on-solid-quarter/
In September, the company launched 360 Yingshi Daquan, the mobile version of 360 Video, Qihoo's video vertical search engine. 360 Yingshi Daquan is a 360 mobile app that enables users to search for and view videos from Qihoo partners on Android based smartphones.
What else do Chinese PC and mobile users rely on Qihoo 360 for? Gaming! In an early June research report after meeting with QIHU management, Jefferies analysts noted...
Qihoo has "robust web game growth with strong mobile game player acquisition. Management continues to see a 40%+ organic revenue growth and stable ARPU trend on web games with the majority of the incremental paying gaming accounts attributed to mobile games. The small acquisition of several game companies in early 1Q14 was done to improve Qihoo's game platform monetization despite their low-margin business profile." Jefferies has a $150 price target on Qihoo shares.
Read more: http://www.nasdaq.com/article/...ll-of-the-day-cm364482#ixzz35Zu6A4xy
.....Ample cash may be one of the reasons why Qihoo 360 is so active in investing in IPOs. The firm, whose share price is up 12% so far this year as investors have piled into Chinese internet stocks, held US$902 million cash as of the end of March, compared with US$301 million a year ago. In the first three months of the year, it spent US$210 million net cash on “investing activities”, including trading securities and property purchases, compared to US$59 million during the same period of last year, according to the firm’s first quarter report......
Today's Screen of the Day features Top Fundamentals, companies with minimum three-year EPS and revenue growth rates of at least 25%.....
Qihoo 360 Technology (NYSE:QIHU) is an online and mobile security and search firm that has had four straight quarters of triple-digit year-over-year earnings growth. The firm has been gaining ground on Chinese search giant Baidu (NASDAQ:BIDU). Both have been investing heavily to gain mobile Internet users. China is the world's largest Internet and cell-phone market.
Beijing-based Qihoo has a three-year EPS growth rate of 106% and an IBD Composite Rating of 99, which means that it has outperformed 99% of all stocks over the last year. The Internet giant's most recently reported earnings soared 286% to 54 cents vs. views of 34 cents, and revenue jumped 141% to $265.1 million, also topping.
Read More At Investor's Business Daily: http://news.investors.com/technology/...hina-stocks.htm#ixzz36IFLkT3k
Chinese security giant Qihoo 360 Technology Co.QIHU +1.25% has established a venture investing group in Silicon Valley to bankroll strategically significant startups, VentureWire has learned.
“We find a company we like, we try to partner and become strategic investors,” Qihoo 360 Director of Strategic Initiatives Mike Liao said.The Qihoo venture fund has no set size, but with a $10.8 billion market cap and earnings of $0.54 per share last quarter, it is hardly cash constrained. Mr. Liao says he invests in startups when he finds ones that can enhance his company’s mission to provide digital security.
“We think about security in the larger sense. Where are your kids? Is the garage door open? We think about where the Internet is going to be a few years from now,” he said.
Since moving to the U.S. and establishing an office in Palo Alto, Calif., nine months ago, Mr. Liao has invested in eyeball biometrics company EyeVerify LLC. and four unnamed companies developing products for big data, smart hardware and family safety apps.
EyeVerify aims to replace passwords and fingerprint scans on smartphones and tablets with data points derived from the picture of a person’s eyeball. Mr. Liao said plans call for integrating EyeVerify into the 50 or so gaming, security, mobile banking and other apps Qihoo 360 has in its app store......
http://blogs.wsj.com/venturecapital/2014/07/10/...-in-silicon-valley/
We forecast total gaming revenue to grow 15% sequentially and 156% YoY to US$138mn, mainly driven by mobile games. Unlike some of Qihoo’s mobile game competitors in China, which are showing flattish QoQ mobile gaming growth in 3Q2014, we believe Qihoo will generate better mobile game revenue growth in the third quarter as a result of more hit mobile game launches.
The key areas to watch for would be Qihoo’s plan to monetize its PC search traffic and its mobile search market share.Qihoo trades at 18.2 times 2015 consensus earnings ....
http://blogs.barrons.com/asiastocks/2014/10/27/...ick-qihoo-yy-cheap/
There are currently thirteen analysts that we track that cover the stock. Of those thirteen, nine have a Buy rating and four have a hold rating. On a consensus basis this yields a score of 2.69 and a Buy. The combined price objective of these covering analysts is $117.62, which represents a 62.50% difference to the last closing price.
The most recent analyst activity consisted of T.H. Capitallowering their Buy stance on the company. T.H. Capital has a price target of $113 which represents an upside of 56% from the last closing price. On the date of the report, the stock closed at $92.15.
Another research firm weighing in recently was Credit Suisse who also downgraded their rating on the stock. On August 26thCredit Suisses downgraded their price target on the stock from $156 to $115,....
http://www.marketswired.com/...-360-technology-co-ltd-nyseqihu/24756/
Qihoo was recently slammed in a Barron's article without much analysis of the argument.
Management has addressed worries over margin pressures.
A $200M share buyback points to management's confidence in their strategy.
Earlier this week, a piece in Barron's by Shuli Ren points out all the things Baidu (NASDAQ:BIDU) is doing right, while simultaneously taking down Qihoo (NYSE:QIHU) for what the company lacks. Having delved into Qihoo's conference calls recently, I found myself on the opposite end of her argument with respect to Qihoo. Since the article seemed to rely more on snippets of analyst notes and price target revisions than anything else, I thought I'd take a moment to share my views on Qihoo's fundamentals.......
Currently, the stock is trading at a TTM GAAP earnings P/E of 57, with a growth rate of >88%. It is cheap relative to its growth rate (PEG ratio of ~0.64) and will be extremely cheap on the out years as long as the company continues to execute. Shuli Ren believes Qihoo will continue to be range-bound going into year-end. I guess we'll see who's right in late November when the company reports.
http://seekingalpha.com/article/...addressing-qihoos-margin-pressures
http://finance.yahoo.com/news/...nnounce-third-quarter-002900060.html
Credit Suisse analysts Jialong Shi and Dick Wei suggested that Qihoo 360 Technology Co Ltd (NYSE:QIHU) will deliver better-than-expected financial results for the third-quarter.
The analysts estimated that Qihoo 360 Technology Co Ltd (NYSE:QIHU) will post a 95% revenue growth to $366 million YoY, in line with the consensus estimate of analysts polled by Bloomberg. The company is expected to achieve a 29% increase in Non-GAAP earnings to $78 million or $0.59 per share compared with the $0.63 per share consensus estimate.
Shi and Wei suggested that Qihoo 360 Technology Co Ltd (NYSE:QIHU) will likely beat their estimate and street forecasts. In a note to investors, the analyst said, “Given potentially higher revenue and margins, the actual earnings may exceed CS and event street forecasts.”
However, the analysts believed that a simple earnings beat will not trigger a sustained stock rally.
The shares of Qihoo 360 Technology Co Ltd (NYSE:QIHU) are trading $69.63 per share, up by more than 3% at the time of this writing around 2:11 in the afternoon in New York.
Shi and Wei stated that they remain concerned on the mobile prospects of Qihoo 360 Technology Co Ltd (NASDAQ:QIHU) because it does not have strong moat against competition.
The analysts noted that the competition in mobile app store is increasing based on their latest channel checks. Tencent Holdings Ltd (HKG:0700) and smartphone manufacturers are boosting their competitiveness for quality third-party games.
Shi and Wei commented that the Qihoo 360’s goal to increase its mobile search traffic to ~25% of its total search traffic by the end of 2014 was “quite ambitious.”
The analysts maintained their Neutral rating for the shares of Qihoo 360 Technology Co Ltd (NASDAQ:QIHU) with a price target of $84 per share. The analysts explained, “Our target price implies 24x2015E P/E. As Qihoo is heading for a seemingly predictable growth mode, the premium in trading multiple it has enjoyed for potential earnings beat could gradually be diminishing, in our view.”
http://www.valuewalk.com/2014/11/qihoo-360-earnings-preview/
SA author WestEnd511 is pleased with the 65% Y/Y growth in Qihoo's Mobile Safe MAUs, declaring it demonstrates "QIHU's dominance in China's mobile security space, despite rising competition from CMCM and other sub-scale solution providers." The author does admit declining gross margins and soaring marketing spend remain concerns - the latter is chalked up to app pre-install deals with mobile OEMs.
ONeil Trader notes Qihoo's net margin, while down 890 bps Y/Y, rose 200 bps Q/Q, as top-line growth outweighed margin pressure and aggressive spending. "I believe that Qihoo is a bargain at the current price, given the significant growth opportunities and the fact that it is trading at just 17x its [estimated] 2015 EPS."