Tag Archives: ntes

NetEase Stock Hits New High After JPMorgan Upgrade

Shares of China-based gaming company NetEase (NTES) touched a new high for the seventh straight trading day after the stock was upgraded by JPMorgan. JPMorgan upgraded NetEase stock to overweight, or buy, from neutral. NetEase stock was up 2.5% in midday trading in the stock market today, near 102.50, and rising as high as 103.25. NetEase stock is up 10% starting Nov. 12, when it began its streak of record highs. Late Nov. 12, the company posted

NetEase Sees Q3 Revenue Gains From Mobile Push

NetEase (NTES) stock touched a new high for the second straight day Thursday after the China-based online gaming company posted Q3 revenue that handily beat Wall Street views, though earnings fell short. NetEase was up 3% in midday trading in the stock market today, near 98, and is up 25% for the year. Q3 marked the fourth straight quarter of earnings and sales acceleration for NetEase. NetEase has the highest-possible IBD Composite Rating of 99,

NetEase Stock Rising Ahead Of Q3 Earnings Report

When China-based online gaming company NetEase reports Q3 earnings on Wednesday after the market close, Wall Street will scrutinize the status of the high-flying Web company’s mobile growth, a concern in Q2. Following the company’s Q2 release, NetEase (NTES) acting CFO Onward Choi did not give mobile revenue figures but said that there had been “a very minimum growth in terms of our revenue contributions from our mobile games initiatives.” The