254.90 0.00 (0.00%)
Pre-market: 5:48AM EDT
|Bid||252.01 x 800|
|Ask||258.90 x 900|
|Day's range||248.27 - 256.27|
|52-week range||222.32 - 377.64|
|PE ratio (TTM)||28.61|
|Earnings date||7 Aug 2018 - 13 Aug 2018|
|Forward dividend & yield||0.92 (0.36%)|
|1y target est||306.78|
Forbes China, the Chinese-language edition of Forbes, is out this week with its latest its annual “50 Most Innovative Companies” list. The list highlights innovative business approaches in 12 fields: retail, logistics, entertainment, online education, cloud computing, robotics, smart homes, AI services, fintech, blockchain, healthcare and automobiles.
NetEase (NTES) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
NetEase Inc. said Monday it added $1 billion to its stock repurchase program, raising it to $2 billion. Based on Friday's stock closing price of $243.58, the new program would allow the China-based internet technology company to buy back up to 8.2 million shares, or about 6.3% of the shares outstanding.
Alibaba (BABA) plans to increase the amount and variety of Japanese products available to Chinese consumers through its online and physical stores as it works to drive sales and differentiate itself from the competition. JD.com (JD), which is backed by Walmart (WMT) and Tencent (TCEHY), is leaving nothing to chance in its battle with Alibaba for consumers’ shopping budgets.
Bungie wants to expand past Destiny. NetEase has made a number of Chinese PC and mobile games, but also acts as an operator for almost all Blizzard’s titles in China as well. While no specifics about this deal have been announced other than the fact that it exists, this likely means that Destiny will come to China at some point, but the more pressing news is that Bungie is trying to add additional franchises to its roster other than Destiny, though they claim the game won’t be affected by this, and its current deal with Activision remains in place.
In an article I wrote last year titled, "Why Doesn't Berkshire Just Buy More Apple?" I argued that CEO Warren Buffett might consider putting his bloated cash balances to work by taking a bigger bite of the tech behemoth that he already knew and loved. Despite weak demand for the iPhone X and growing saturation in the smartphone market, the Oracle of Omaha upped his Apple ante last quarter by a staggering 75 million shares (45%), bringing Berkshire's total stake in Apple to approximately 5%. A recent article in The Motley Fool offers one explanation by quoting Buffett : "Nobody buys a farm based on whether they think it's going to rain next year or not.
Cisco Systems and NetEase weighed on Thursday's open, then Walmart shed its early gain and slipped into the red.
The Beijing-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to $1.61 per share. The internet technology company posted revenue of $2.26 billion ...
NetEase is expected to earn $1.99/share on $2.27 billion in revenue. Meanwhile, analysts do not have a projected Whisper number today
Germany's Beiersdorf, the maker of Nivea skin care products, said on Monday it had agreed a strategic cooperation with NetEase Kaola, an unit of Chinese video games publisher NetEase focused on cross-border e-commerce. "Through the cooperation with NetEase Kaola we can further expand our online presence in the important Chinese market and move closer to local consumers," Ralph Gusko, Beiersdorf management board member for Asia & Brands, said in a statement. Beiersdorf has focused on boosting online sales in China, where it already cooperates with larger Chinese e-commerce players Alibaba and JD.com.
Germany's Beiersdorf , the maker of Nivea skin care products, said on Monday it had agreed a strategic cooperation with NetEase Kaola, an unit of Chinese video games publisher NetEase focused on cross-border ...
While Alibaba and JD.com are busy holding each other in check, a new competitor has entered the fray in a bid to secure a foothold in China’s $860-billion online shopping market: NetEase. In April 2016, the tech company -- owned by William Ding, China’s fourth richest tech billionaire -- started selling fashion apparel, accessories, furniture and home appliances it claims are made by original manufacturers supplying to top international brands such as Gucci, Burberry and UGG.
Amid steeply declining IPO activity in China this year, there's an ongoing push by the country to lure its tech companies to come back home to list.
NetEase, Inc. (NTES) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front