qihoo 360 technology co-adr
(QIHUN:Mexico)
qihoo 360 technology co-adr (QIHUN) Snapshot
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$417.93
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$417.93
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52 Week High
04/30/13 - $417.93
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52 Week Low
08/20/12 - $265.50
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qihoo 360 technology co-adr (QIHUN) Related Businessweek News
qihoo 360 technology co-adr (QIHUN) Details
Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People’s Republic of China. Its core Internet security products include 360 Safe Guard, a solution for Internet security and system optimization; 360 Anti-Virus, an anti-virus application that uses multiple scan engines to protect users’ computers against various kinds of malware, as well as 360 Mobile Safe, a security program for the Google Android, Apple iOS, and Nokia Symbian smartphone operating systems. The company’s platform products comprise 360 Safe Browser and 360 Speed Browser, which are based on dual-core technologies providing secure browsing and blocking malicious Websites, indentifying them among search results, scanning files downloaded through the browser for security threats, as well as 360 Mobile Browser for the iOS and Android operating systems. The 360 browsers also consist of 360 Personal Start-up Page, which serves as user’s start-up page aggregating preferred Web services and applications; 360 Search, a search engine; and 360 Mobile Assistant, which allows users to browse, search, and obtain various mobile applications for mobile devices. Qihoo 360 Technology Co. Ltd. also provides online advertising services, including online marketing services and search referral services; and Internet value-added services comprising the operation of Web games developed by third-parties, remote technical support, and cloud-based services. The company was formerly known as Qihoo Technology Company Limited and changed its name to Qihoo 360 Technology Co. Ltd. in December 2010. Qihoo 360 Technology Co. Ltd. was founded in 2005 and is based in Beijing, China.
qihoo 360 technology co-adr (QIHUN) Key Developments
Qihoo 360 Technology Co. Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. Revenues were $109.9 million, a 58.6% increase from $69.3 million in the first quarter of 2012. Net income attributable to Qihoo 360 was $5.6 million, compared to $14.1 million in the first quarter of 2012. Diluted earnings per ADS attributable to Qihoo 360 was $0.04 compared to $0.12 in the same period last year. The strong year-over-year growth in Revenue was mainly due to continued momentum in both online advertising and Internet value-added services. Net cash outflow from operations in the first quarter of 2013 was $27.9 million, compared to net operating cash inflow of $25.8 million in the same period last year and $53.1 million in the prior quarter. Cash capital expenditures were $57.1 million. The operating cash outflow and the increase in capital expenditures during the quarter were mainly due to the second installment payment of the company's new headquarters. Income from operations was $14.446 million against $6.806 million a year ago. Income before income tax expense and loss from equity method investments was $19.813 million against $8.800 million a year ago. For the second quarter of 2013, the company expects revenues to be between $142 million and $144 million, representing a year-over-year increase of 95% to 98% and a quarter-over-quarter increase of 29% to 31%.
On May 14, 2013, media reports suggested that Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) was proposing an equity plus cash acquisition offer to acquire Sohu.com Inc. (NasdaqGS:SOHU). The report added that Qihoo 360 and Sogou.com had signed a letter of intent regarding the deal.
Sohu.com Inc. (NasdaqGS:SOHU) plans to sell Beijing Sogou Information Service Co., Ltd. and among the prospective buyers are Baidu, Inc. (NasdaqGS:BIDU), Qihoo 360 Technology Co. Ltd. (NYSE:QIHU) and Tencent Holdings Ltd (HKG: 0700), a person familiar with the matter said. "Unlikely to gain more market share from dominant Baidu and fast-tracking Qihoo 360's So.com, Sogou's decision to sell itself emerged six months ago," said the person. "Qihoo 360 is willing to pay $1.4 billion in a cash plus equity deal; Baidu is able to offer more cash, and Tencent got in because it didn't want Qihoo 360 to purchase Sogou." Wang Xiaochuan, Chief Executive Officer of Sogou, said the news wasn't groundless.
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Industry Analysis
QIHUN
Industry Average
| Valuation | QIHUN | Industry Range |
| Price/Earnings | 100.0x |
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| Price/Sales | 14.2x |
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| Price/Book | 10.5x |
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| Price/Cash Flow | 141.9x |
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| TEV/Sales | 13.9x |
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