Sina: Q2 Solid Beat As Weibo’s Revenue Jumped

Sina Corporation (NASDAQ:SINA) has been identified as a value stock according to Zacks Research. Weibo expects its third-quarter revenue to be between $120 and $123 million, in line with consensus expectation of $121.8 million. Meanwhile, Earningswhispers.com reports a whisper number of $0.04 on revenue of $199.74 million. Non-GAAP net revenues for the second quarter of 2015 totaled $211.0 million, compared to $184.4 million for the same period previous year. Summit Research started coverage on shares of SINA Corp in a research note on Monday, April 20th. SINA Corp has an average rating of Hold and an average target price of $51.75. They issued a “buy” rating and a $17.00 price objective for the company. Stifel Nicolaus reaffirmed a “hold” rating on shares of SINA Corp in a report on Friday, July 10th. The stock is now up 0.84 on 9K shares. Sina Corporation, a NMS listed company, has a current market cap of 2.34B and on average over the past 3 months has seen 2095500 shares trade hands on a daily basis.

In the past 52 weeks, shares of the company have traded between a low of $31.92 and a high of $61.25 with the 50-day Massachusetts and 200-day Massachusetts located at $43.70 and $41.77 levels, respectively.

The price to earnings ratio, or the valuation ratio of a company’s current share price compared to its per-share earnings sits at 13.12. It operates in two segments: advertising and marketing services and other services. Its digital media network of SINA.com, SINA mobile and Weibo enables Internet users to access media and users created content (NASDAQ:SINA) in multi media formats from personal computers and cellular devices and share their interests with friends and acquaintances. SINA.com offers professional content on each of its area-specific Websites and also a variety of complementary offerings.

“Weibo’s MAU growth continues to be robust, reaching 212 million in June, as we sought to improve user experience, increase penetration into lower tiered cities and expand our partnerships with the television and movie industries”, stated Gaofei Wang, Weibo’s CEO. Weibo is a social media platform for individuals to make, distribute and find Chinese-language content.