Qihoo 360 Technology Co. Ltd. (QIHU): Today's Featured Internet Winner
(
) pushed the Internet industry higher today making it today's featured internet winner. The industry as a whole closed the day up 0.6%. By the end of trading, Qihoo 360 Technology rose $0.73 (1.6%) to $46.90 on average volume. Throughout the day, 1,651,319 shares of Qihoo 360 Technology exchanged hands as compared to its average daily volume of 1,854,600 shares. The stock ranged in a price between $46.65-$47.99 after having opened the day at $46.84 as compared to the previous trading day's close of $46.17. Other companies within the Internet industry that increased today were:
(
), up 10.4%,
(
), up 7.4%,
(
), up 6.5% and
(
), up 5.8%.
Qihoo 360 Technology Co. Ltd. provides Internet and mobile security products in the People's Republic of China. Qihoo 360 Technology has a market cap of $5.7 billion and is part of the technology sector. The company has a P/E ratio of 114.6, above the S&P 500 P/E ratio of 17.7. Shares are up 55.5% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Qihoo 360 Technology a buy, no analysts rate it a sell, and 2 rate it a hold.
TheStreet Ratings rates Qihoo 360 Technology as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.
- You can view the full Qihoo 360 Technology Ratings Report.
On the negative front,
(
), down 6.7%,
Mediabistro
(
MBIS
), down 6.7%,
(
), down 4.9% and
(
), down 4.4% , were all laggards within the internet industry with
(
) being today's internet industry laggard.
- 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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