Qihoo 360 Technology Co Ltd (QIHU) was Upgraded by Stifel to ” Buy” and the brokerage firm has set the Price Target at $77. Earlier the firm had a rating of “Hold ” on the company shares. Stifel advised their investors in a research report released on May 11, 2016.
Many Wall Street Analysts have commented on Qihoo 360 Technology Co Ltd. Qihoo 360 Technology Co Ltd was Downgraded by Stifel to ” Hold” on Mar 15, 2016.
Qihoo 360 Technology Co Ltd opened for trading at $68.52 and hit $71.4 on the upside on Tuesday, eventually ending the session at $70.93, with a gain of 8.94% or 5.82 points. The heightened volatility saw the trading volume jump to 72,80,012 shares. Company has a market cap of $9,181 M.
Qihoo 360 Technology Co. Ltd. is an Internet company. The Company is primarily engaged in the operations of Internet services in the People’s Republic of China. The Company’s core Internet and mobile security products include 360 Safe Guard 360 Anti-virus and 360 Mobile Safe. The Company has developed various platform products to meet a range of security-related needs of Internet users and create access points to the Internet which include 360 browsers; 360 Personal Start-up Page and its subpages; 360 Search and 360 Mobile Assistant. The Company’s services include online advertising which include online advertising service solutions such as sponsored links (advertising links) on its platform products; Internet value-added services which include games developed by third parties to users and Other services which include enterprise information security products and related services such as firewalls gateways and Internet security monitoring systems to enterprise customers.