15.08.2013 14:00:00
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New Launches, Appointments and Quarterly Financial Results - Research Report on SINA, Qihoo, SouFun, j2, and WebMD
NEW YORK, August 15, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting SINA Corp. (NASDAQ: SINA), Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), SouFun Holdings Limited (ADR) (NYSE: SFUN), j2 Global, Inc. (NASDAQ: JCOM), and WebMD Health Corp. (NASDAQ: WBMD). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SINA Corp. Research Report
On August 12, 2013, SINA Corp. (SINA) reported its Q2 2013 unaudited financial results. The Company's net revenues grew 19.7% YoY to $157.5 million. Net loss attributable to SINA was $11.5 million or $0.17 per diluted share in Q2 2013, compared to net income of $33.2 million or $0.49 per diluted share in Q2 2012. Commenting on the results, Charles Chao, Chairman and CEO of SINA, said, "Although the macro-economic conditions in China remain uncertain, our strategy to diversify SINA's revenue stream to beyond big-brand advertisers and to leverage Weibo's continued traffic growth to develop social and mobile advertising as well as value-added services is placing SINA in a good position for more profitable revenue growth while making heavy investments for the future." For Q3 2013, SINA expects its non-GAAP net revenues to be between $176 million and $189 million, including advertising revenues to be between $151 million and $153 million, and non-GAAP non-advertising revenues to be between $25 million and $27 million. The Full Research Report on SINA Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/209c_SINA]
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Qihoo 360 Technology Co. Ltd. Research Report
On August 12, 2013, Qihoo 360 Technology Co. Ltd. (Qihoo) announced that the Company's newly launched international version of 360 Mobile Security for Android operating system has received AV-Test certification, obtaining a 100% malware detection rate and 0% false positive rate during the certification process. Qihoo said that the AV-Test certification is an internationally recognized comparative testing process that assesses the strength of mobile security applications based on a variety of performance criteria. It further reported that its 360 Mobile Security earned a perfect score (6 out of 6) in the performance category, compared to an average detection rate that corresponds to 3.5 points, and is supported by dual core 360 QVS and cloud-based scanning engines. The Full Research Report on Qihoo 360 Technology Co. Ltd. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b0e4_QIHU]
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SouFun Holdings Limited (ADR) Research Report
On August 8, 2013, SouFun Holdings Limited (ADR) (SouFun) announced its Q2 2013 financial results. The Company's total revenues increased 48.6% YoY to $144.1 million. Net income attributable to SouFun shareholders was $55.4 million or $0.67 per diluted share in Q2 2013, compared to $32.3 million or $0.40 per diluted share in Q2 2012. Commenting on the results, Vincent Mo, Executive Chairman of SouFun, said, "We will continue to focus on products and services and invest in new technologies that will enhance SouFun's websites and mobile applications for SouFun's future growth and create long-term value for our shareholders." For full-year 2013, SouFun raised its total revenue guidance from $527.0 million and $538.0 million range to $538.0 million and $548.0 million range. The Full Research Report on SouFun Holdings Limited (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/04f5_SFUN]
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j2 Global, Inc. Research Report
On August 7, 2013, j2 Global, Inc. (j2) reported its financial results for Q2 2013. The Company's revenues grew 58.0% YoY to $141.4 million for the quarter. Net income attributable to j2 common stockholders was $36.0 million or $0.77 per diluted share in Q2 2013, compared to $31.2 million or $0.67 per diluted share in Q2 2012. Hemi Zucker, CEO of j2, said, "These results are the clearest indication to date that our significant investments to diversify our cloud business, build a media business and create an intellectual property program are bearing financial returns commensurate with those significant investments." j2 reaffirmed its previously increased full-year 2013 revenue guidance to be between $510 million and $535 million, and its previously increased full-year 2013 non-GAAP diluted EPS estimate to be between $2.78 and $2.98. The Full Research Report on j2 Global, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2e5f_JCOM]
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WebMD Health Corp. Research Report
On August 12, 2013, WebMD Health Corp. (WebMD) announced that its Board of Directors has appointed David J. Schlanger as CEO of WebMD. As per the Company, Mr. Schlanger has served as WebMD's Interim CEO since May 2013 and most recently served as Executive Vice President, Professional Services of WebMD. Martin J. Wygod, Chairman of WebMD, said, "With David's leadership, we are well positioned to build on the current momentum and maintain our focus on the development and implementation of the strategies necessary to diversify our revenue base and capture the opportunities arising from the rapidly changing healthcare landscape." Additionally, the Company's Board appointed Steven L. Zatz, M.D., as the President of WebMD, who has been with WebMD and its predecessor companies for more than ten years. Wygod added, "Steve is well suited to capture the synergies between our leading consumer and professional portals and lead our efforts as we position WebMD and Medscape as the hub of a set of services that will facilitate information exchange between patients and their healthcare providers." The Full Research Report on WebMD Health Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/c4b8_WBMD]
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