Baidu Inc. (BIDU): Today's Featured Internet Laggard
(
) pushed the Internet industry lower today making it today's featured Internet laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Baidu fell $2.10 (-2.2%) to $92.50 on light volume. Throughout the day, 2,596,547 shares of Baidu exchanged hands as compared to its average daily volume of 4,131,100 shares. The stock ranged in price between $92.22-$95.50 after having opened the day at $95.35 as compared to the previous trading day's close of $94.60. Other companies within the Internet industry that declined today were:
(
), down 6.7%,
Mediabistro
(
MBIS
), down 6.7%,
(
), down 4.9% and
(
), down 4.4%.
Baidu, Inc. provides Internet search services. Baidu has a market cap of $32.9 billion and is part of the technology sector. The company has a P/E ratio of 17.8, equal to the S&P 500 P/E ratio of 17.7. The company has a P/E ratio of 17.8, above the S&P 500 P/E ratio of 17.7. Shares are down 6.1% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Baidu a buy, 1 analyst rates it a sell, and 8 rate it a hold.
TheStreet Ratings rates
Baidu
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, growth in earnings per share, expanding profit margins, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself.
- You can view the full Baidu Ratings Report.
On the positive front,
(
), up 10.4%,
(
), up 7.4%,
(
), up 6.5% and
(
), up 5.8% , were all gainers within the internet industry with
(
) being today's featured internet industry leader.
- Use our internet section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the internet industry could consider
First Trust Dow Jones Internet Idx
(
) while those bearish on the internet industry could consider
ProShares Ultra Short Technology
(
).
- Find other investment ideas from our top rated ETFs lists.
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