Qihoo 360 Technology Co. Ltd. Stock Upgraded (QIHU)
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- QIHU's very impressive revenue growth greatly exceeded the industry average of 22.5%. Since the same quarter one year prior, revenues leaped by 108.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- QIHU has no debt to speak of therefore resulting in a debt-to-equity ratio of zero, which we consider to be a relatively favorable sign. Along with this, the company maintains a quick ratio of 2.89, which clearly demonstrates the ability to cover short-term cash needs.
- QIHOO 360 TECHNOLGY CO -ADR reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, QIHOO 360 TECHNOLGY CO -ADR increased its bottom line by earning $0.40 versus $0.12 in the prior year. This year, the market expects an improvement in earnings ($1.26 versus $0.40).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Internet Software & Services industry. The net income increased by 371.6% when compared to the same quarter one year prior, rising from $7.00 million to $33.00 million.
- Powered by its strong earnings growth of 333.33% and other important driving factors, this stock has surged by 261.39% over the past year, outperforming the rise in the S&P 500 Index during the same period. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
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