Qihoo 360 Technology Co (QIHU) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Qihoo 360 Technology Co (NASDAQ:QIHU) released its earnings data on Monday. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03, Analyst Ratings.Net reports. The company had revenue of $317.90 million for the quarter.
A number of research firms have recently commented on QIHU. Analysts at Credit Agricole initiated coverage on shares of Qihoo 360 Technology Co in a research note on Wednesday, August 13th. They set a “buy” rating on the stock. On a related note, analysts at Zacks downgraded shares of Qihoo 360 Technology Co from an “outperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $105.30 price target on the stock. Finally, analysts at STANDARD CHARTERED.5 upgraded shares of Qihoo 360 Technology Co from an “underperform” rating to an “outperform” rating in a research note on Thursday, May 29th. They now have a $104.00 price target on the stock, up previously from $80.00. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $113.02.
Qihoo 360 Technology Co (NASDAQ:QIHU) opened at 101.75 on Monday. Qihoo 360 Technology Co has a 52 week low of $73.00 and a 52 week high of $124.42. The stock’s 50-day moving average is $94.75 and its 200-day moving average is $94.91. The company has a market cap of $12.481 billion and a price-to-earnings ratio of 91.81. Qihoo 360 Technology Co also was the recipient of unusually large options trading activity on Friday. Stock investors purchased 15,608 call options on the stock. This represents an increase of 103% compared to the typical volume of 7,686 call options.
Qihoo 360 Technology Co Ltd (NASDAQ:QIHU), formerly Qihoo Technology Company Limited, is engaged in the operations of Internet services and sales of third party anti-virus software in the People’s Republic of China.
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