Scalper1 News
Shares of Qihoo (QIHU), China’s No. 1 Internet security provider, fell Tuesday after the company received a downgrade from Credit Suisse, which said that intensifying competition could “drag down” Qihoo’s flagship mobile security business. The downgrade comes a day after Qihoo, also China’s No. 2 search provider, posted Q2 earnings that beat Wall Street expectations but said that higher spending had hurt profit margins. Qihoo stock was down 2% in Scalper1 News
Scalper1 News