Technical Analysis on Qihoo 360 and Trulia: Internet Service Stocks Perform Well
LONDON, February 21, 2013 /PRNewswire/ –
Web-based companies face usual challenges of their respective industries and they also
tackle the unique issues presented to internet companies. Trulia Inc. (NYSE: TRLA) is a
web-based real estate company. The outfit is currently operating on loss but is likely to
start earning profits as the real estate industry shows an uptick. The company is also
transforming itself into a mobile internet specific company. Qihoo 360 Technology Co. Ltd.
(NYSE: QIHU) is consolidating its position in China and the stock is expected to perform
well. StockCall has posted free technical research on Qihoo 360 and Trulia which can be
downloaded upon sign up at http://www.stockcall.com/signup
Trulia’s Moves to Boost its Performance
Trulia Inc. provides real estate related services. The company offers novel ways of
searching for real estate. Trulia reported healthy growth for its website in the fiscal
fourth quarter of the year. It also saw increase in its subscribers. The numbers
translated into $20.6 million in revenue for the company. Its full year revenue stood at
$68.1 million. The free report on Trulia Inc. can be downloaded by signing up now at
http://www.StockCall.com/TRLA022113.pdf
While the company’s quarterly and annual stats look good, Trulia is dealing with
classic Web 2.0 problem. It is still incurring losses. Its 4th quarter net loss stood at 6
cents per share. However, on the positive side, the losses are narrowing down. Its loss
for the previous year quarter stood at 30 cents per share.
Trulia is banking on mobile internet to boost its business and to become profitable.
The company website had 120 percent higher mobile internet traffic in the fourth quarter.
Trulia is planning to focus on mobile access and expects to draw a majority of its traffic
from this. While the company still operates at a loss, it also increased its average
revenue per advertiser during the fourth quarter. Trulia also has good growth potential
compared to its biggest competitor Zillow. However, investors should remain cautious as
the sector is still in the infancy stage.
Qihoo 360 Making the Right Moves
Qihoo 360 Technology deals in security solutions and offers 360 branded browsers. The
stock made a strong debut but currently is languishing. However, the future looks bright
for the company and the stock looks like an attractive option at its current valuations.
It has been marred by anti-trust concerns and had rocky interaction with Apple which
finally saw it being kicked off the App Store. Sign up and read the complimentary report
on Qihoo 360 Technology Co. Ltd at http://www.StockCall.com/QIHU022113.pdf
Qihoo 360 Technology recently inked an unlikely deal with Sohu, as the company
previously had public spats with Sohu. However, the deal will help Qihoo 360 Technology in
posing a bigger challenge to Baidu.
The company is set to announce its fourth quarter earnings on February 22nd. It is
expected to report its revenue at $93.5 million while its EPS is likely to be at 17 cents
per share. The company’s stock is likely to react positively to earnings announcement. It
maintains leadership position in growing Chinese internet space. However, it is also
subject to strict Chinese internet regulations, putting a slight dampener on its growth
prospects.
Qihoo 360 stock is up 10 percent so far this year. The stock also has good prospects
as the company has been expanding into the smartphone market. The company recently
collaborated with Haier for this purpose.
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SOURCE StockCall.com
