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User Friendly Changes, Acquisitions, Financial Results and Improved Solutions for Effective People Management - Research Report on Facebook, Qihoo, Baidu, Trulia, and Ultimate Software

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Aug 29, 2013, 08:00 ET

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NEW YORK, August 29, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting Facebook Inc. (NASDAQ: FB), Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), Baidu Inc. (ADR) (NASDAQ: BIDU), Trulia Inc. (NYSE: TRLA), and The Ultimate Software Group, Inc. (NASDAQ: ULTI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Facebook Inc. Research Report

On August 22, 2013, Facebook Inc. (Facebook) announced certain updates to its Facebook Login. Facebook said that users can easily sign into their favorite apps by using their Facebook logins, but the Company also understands people's concerns about apps posting on their Timeline or to their friends. Hence, to address these concerns, the Company has been rolling out a new version of Facebook Login on mobile for the past several months. Accordingly, with this new update, the Company stated that mobile apps using Facebook Login must now separately ask users for permission to post back to Facebook. Further, the Company said that the recent changes to Login are just the beginning of more improvements as it continues working to provide useful services for developers that are easy for users to understand. The Full Research Report on Facebook 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/f38c_FB]

--

Qihoo 360 Technology Co. Ltd. Research Report

On August 25, 2013, Qihoo 360 Technology Co. Ltd. (Qihoo) reported its Q2 2013 financial results. The Company's total revenues increased 108.4% YoY to $151.7 million. Net income attributable to Qihoo came in at $33.0 million or $0.17 per diluted share, compared to net income of $7.0 million or $0.04 per diluted share in Q2 2012. Hongyi Zhou, Chairman and CEO of Qihoo, said, "Our PC security products already cover nearly 95% of Chinese PC Internet users, and our mobile security solutions cover approximately 70% of Chinese smartphone users, making Qihoo the indisputable leader in Internet security in China." For Q3 2013, the Company expects revenues to be between $181 million and $183 million, representing an increase of 115% to 118% YoY. 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]

--

Baidu Inc. (ADR) Research Report

On August 23, 2013, Baidu Inc. (ADR) (Baidu) announced that a subsidiary of the Company, Baidu Holdings Limited, and Renren, have entered into a definitive agreement under which Baidu Holdings Limited will acquire a certain number of newly issued ordinary shares of Nuomi Holdings Inc. (Nuomi), a wholly owned subsidiary of Renren, which will represent approximately 59% of the equity interest in Nuomi.  The Company reported a purchase price of $160 million in cash and expects the acquisition to close in Q4 2013, subject to the satisfaction or waiver of the closing conditions provided in the Agreement. Jennifer Li, CFO of Baidu, said, "Nuomi's group-buying platform and high-quality local information clearly complement Baidu's existing mobile LBS and maps offering. Nuomi's broad geographical sales coverage and established consumer base will be instrumental in helping Baidu build out our LBS platform for local merchants."  The Full Research Report on Baidu Inc. (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/cd9e_BIDU]

--

Trulia Inc. Research Report

On August 20, 2013, Trulia Inc. (Trulia) announced that it has completed its acquisition of Market Leader, which was previously announced on May 8, 2013. The Company reported paying approximately $170 million in cash and issuing approximately 5.3 million shares of common stock for the said acquisition. According to the Company, it now offers agents and brokers innovative end-to-end marketing solutions to engage with a transaction-ready audience and the leading platform to successfully develop relationships with consumers and convert prospects into clients. Pete Flint, Trulia Co-Founder and CEO, said, "We are now well positioned to be the leader in our sector, with a combined premium subscriber base of approximately 50,000 professionals. We plan to further penetrate the enormous market opportunity that lies before us and drive incremental opportunities to grow revenues." The Full Research Report on Trulia 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/e5d0_TRLA]

--

The Ultimate Software Group, Inc. Research Report

On August 22, 2013, The Ultimate Software Group, Inc. (Ultimate Software) announced that since leveraging the Company's UltiPro solution, Northgate Markets (Northgate), the owner and operator of approximately 40 supermarkets, has improved people management processes and addressed HR business issues related to diversity, communications with a large dispersed workforce, and operational effectiveness. Teresa Anaya, Senior Talent Manager at Northgate, said, "We have a multicultural, diverse demographic of employees, so we need to meet them where they are with our HR technology, which we have with UltiPro. We have a strong family culture at Northgate, which is extremely important to us. We have employees with 35 years of tenure and people who just started today, and we want them all to be happy and engaged. With UltiPro, our people can select the language of their choice, access information at their convenience, and manage many processes on their own-which says a lot about UltiPro's person-centric capabilities since some of our employees had minimal computer experience." The Full Research Report on The Ultimate Software Group, 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/df0d_ULTI]

----

EDITOR NOTES:

  1. This is not company news. We are an independent source and our views do not reflect the companies mentioned.
  2. Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
  3. This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
  4. If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] for consideration.

COMPLIANCE PROCEDURE

Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.

NOT FINANCIAL ADVICE

Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.

NO WARRANTY OR LIABILITY ASSUMED

Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

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