Should You Get Rid of Qihoo 360 Technology (QIHU) Now? – Tale of the Tape

One such stock that you may want to consider dropping is Qihoo 360 Technology Co. Ltd. (QIHU), which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in QIHU.

A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, compared with no upward revisions. This trend has caused the consensus estimate to trend lower, going from $2.02 a share a month ago to its current level of $1.90.

Also, for the current quarter, Qihoo has seen 1 downward estimate revision versus no revisions in the opposite direction, dragging the consensus estimate down to 54 cents a share from 67 cents over the past 30 days.

The stock also has seen some pretty dismal trading lately, as the share price has dropped 22.6% in the past month.

So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.

If you are still interested in the Internet Software/Services sector, you may instead consider a better-ranked stock – Globant S.A. (GLOB). The stock currently holds a Zacks Rank #1 (Strong Buy) and may be better selection at this time.

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