Qihoo 360 Technology Co Ltd (QIHU) Has Multiple Reasons That Can Add Value To Your Portfolio

If one stock that should convincingly sit in an investor’s portfolio for now is Qihoo 360 Technology Co Ltd (NYSE:QIHU), according to FBN’s Charles Payne. He said that the company has an amazing execution ability with its core business in internet and mobile security. Payne highlights that Qihoo 360 Technology Co Ltd (NYSE:QIHU) is a dominant player in China, taking first position in browser, mobile and the app store, while grabbing second position in the search engine space. Off late, Qihoo 360 Technology Co Ltd (NYSE:QIHU) has been successful to eat away a major portion of its market competitor, Baidu Inc (ADR) (NASDAQ:BIDU)’s market share, and now, is following the footsteps of its another rival, Alibaba.com, as it is eyeing to go global with its first big step in Barcelona.

Qihoo 360 Technology

Payne also throws light on how Qihoo 360 Technology has been able to beat the expectations of the Wall Street. In the first quarter, its revenues came in at $265 million, which is up by 141%. Whereas its net income rose from $17.5 million from year earlier to $73 million in the first quarter, translating into earnings per share of $0.54 from that of $0.14 a year earlier. The strong revenues and earnings came on the back of increased user traffic, where internet users saw a record number of 490 million and smartphone users’ traffic jumped from 275 million to 538 million year over year. Based on the strong business and financial performance of the company Payne expects the share price of Qihoo 360 Technology Co Ltd (NYSE:QIHU) to touch at least $124 per share.

Agreeing with Payne’s thoughts, James Frischling, Newoak Capital’s President, Penn Financial Group founder, Matt McCall, and retail analyst Hitha Prabhaka, also find Qihoo 360 Technology Co Ltd (NYSE:QIHU) attractive. While Frischling underlines the concerns related to the United State’s stringent regulations with respect to Chinese based internet stocks, McCall said that the value provided by the company is far better than the rewards earned back at home. At the same time, Hitha Prabhakar also sees Qihoo 360 Technology Co Ltd (NYSE:QIHU) as an attractive bet.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

7 High-Paying Jobs You Can Do From Home

12 Best Cities to Shop in USA

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!