New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 7, 2014
09:13 EDTQIHUQihoo 360 price target raised to $130 from $120 at Maxim
Maxim raised its price target for Qihoo 360 to $130 citing the company's strong Q4 results and keeps a Buy rating on the stock.
News For QIHU From The Last 14 Days
Check below for free stories on QIHU the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
August 31, 2014
13:49 EDTQIHUNomura to hold a forum
Subscribe for More Information
August 29, 2014
16:40 EDTQIHUStocks finish week higher after upbeat U.S. data reported
Subscribe for More Information
06:06 EDTQIHUThe9 announces System Link JV obtains publishing, operating license of Firefall
The9 (NCTY) announced that Red 5 Singapore, a subsidiary of The9, has entered into a license agreement with System Link for publishing and operating Firefall for a five-year term in mainland China. Under this license agreement, System Link Limited will pay to Red 5 Singapore at least $160M including license fee and royalties during the contract period. Firefall is a MMO shooter game developed by Red 5 Studios, a subsidiary of The9. System Link Limited is a joint venture formed by The9 and Qihoo 360 (QIHU).
August 28, 2014
11:08 EDTQIHUStocks with call strike movement; QIHU BBRY
Subscribe for More Information
August 27, 2014
11:22 EDTQIHUStocks with call strike movement; QIHU TWTR
Subscribe for More Information
August 26, 2014
12:17 EDTQIHUStocks with call strike movement; QIHU TWTR
Subscribe for More Information
09:50 EDTQIHUOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:28 EDTQIHUQihoo 360 downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
06:09 EDTQIHUQihoo 360 downgraded to Neutral from Outperform at Credit Suisse
Subscribe for More Information
August 25, 2014
16:13 EDTQIHUOn The Fly: Closing Wrap
Stocks began the session in positive territory and proceeded to tack on gains throughout the morning. Despite a disappointing report on new home sales in July, the S&P surpassed the 2,000 level for the first time before noon. The market pared its gains shortly after the milestone was reached and drifted for the remainder of the session on light volume, as trading activity may be restrained all week ahead of the Labor Day weekend. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged $19.05, or 35.41%, to $72.85 after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharma peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including bigger names like Gilead (GILD) and Celgene (CELG) and smaller ones such as Achillion Pharmaceuticals (ACHN) and Receptos (RCPT)... Burger King (BKW) shares rose $5.29, or 19.51%, to $32.40 after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). Shares of Tim Horton's trading in New York also gained $11.88, or 18.91%, to $74.72 following the confirmation of news first reported by The Wall Street Journal. MAJOR MOVERS: Among the other notable gainers was Advaxis (ADXS), which advanced 75c, or 23.08%, to $4.00 after announcing it has entered into a clinical trial collaboration agreement with Merck (MRK). Also rising were shares of Comtech (CMTL), which jumped $1.70, or 4.84%, to $36.81 after Reuters said the company is working with Citigroup to explore a potential sale. Among the noteworthy losers was Chinese internet and software company Qihoo 360 Technology (QIHU), which fell $7.88, or 7.74%, to $93.87 despite reporting second quarter earnings and revenue that beat analysts' estimates. Also lower were shares of GrubHub (GRUB), which fell $3.60, or 8.42%, to $39.16 after filing to sell 10M shares of common stock. INDEXES: The Dow gained 75.65, or 0.44%, to 17,076.87, the Nasdaq rose 18.80, or 0.41%, to 4,557.35, and the S&P 500 advanced 9.54, or 0.48%, to 1,997.94.
12:19 EDTQIHUOn The Fly: Midday Wrap
Subscribe for More Information
11:26 EDTQIHUQihoo 360 falls despite better-than-forecast Q2 results, Q3 revenue guidance
Shares of Chinese internet and software company Qihoo 360 Technology (QIHU) are falling despite reporting second quarter results that beat analysts' estimates. The company also provided third quarter revenue guidance that exceeded estimates. WHAT'S NEW: Qihoo 360 reported Q2 adjusted earnings per share of 50c on revenue of $317.9M, which surpassed analysts' consensus estimates of 46c and $309.38M, respectively. For the quarter, operating income was $43.9M compared to $36.6M a year ago and $39.6M in the first quarter. Non-GAAP operating margin was 21.9% in Q2, compared to 36% in the year-ago period and 14.9% in Q1. The company said the sequential decline in non-GAAP operating margin was primairly due to increased marketing and promotional expenses, personnel-related costs and bandwidth and equipment depreciation expenses. Looking ahead, Qihoo 360 forecast Q3 revenue of $360M-$365M, which is slightly higher than analysts' consensus estimates of $357.39M. WHAT'S NOTABLE: Chairman and Chief Executive Officer Hongyi Zhou commented that the company is in an "excellent position" to grow its share of China's search market in both PC and mobile traffic and revenue. The company plans to make "significant" investments in the coming quarters to strengthen its brand and market position, and to improve our products and technology, particularly in mobile Internet-related areas. The executive noted that the company's share of Internet search traffic recently reached over 30%, citing third-party data, achieving a company target fourth months ahead of schedule. ANALYST OPINION: Jefferies defended Qihoo 360 shares following the company's Q2 results. Stifel analyst George Askew feels that Qihoo 360's Q2 revenue and operating margin results were "very good" and believes that many factors, including its 30% search query share, will help it sustain its search revenue growth. The firm maintains $168 price target and Buy rating. Bank of America analyst Eddie Leung said that he expects Qihoo 360's margins to get better gradually in the second half of the year since the company is looking to control expenses and realize synergies. He anticipates search to increase at a fast rate to make up 36% of total sales in FY16. Leung believes this should particularly offset the decline in game revenues this past quarter. Leung lowered his price target on Qihoo 360 to $121 from $123. PRICE ACTION: During late-morning trading, shares of Qihoo fell $6.62 or 6.51%, to $95.13. OTHERS TO WATCH: Chinese search market leader Baidu (BIDU) rose nearly 1.7% to $217.77.
10:18 EDTQIHUQihoo 360 falls after earnings, levels to watch
Shares gapped down at the start of trading today, following earnings released last night, and have been declining since. At the current price of $92.18, the shares are down 9.4%. Next support is at $90.52. Resistance is at $93.98.
09:41 EDTQIHUQihoo 360 shares defended at Jefferies
Subscribe for More Information
09:35 EDTQIHUActive equity options trading on open
Subscribe for More Information
09:11 EDTQIHUOn The Fly: Pre-market Movers
Subscribe for More Information
07:10 EDTQIHUQihoo 360 reported very good Q2 results, says Stifel
Subscribe for More Information
August 24, 2014
19:24 EDTQIHUQihoo 360 sees Q3 revenue $360M-$365M, consensus $357.39M
19:22 EDTQIHUQihoo 360 reports adjusted Q2 EPS 50c, consensus 46c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the disclaimer & terms of use