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

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!