Get Stock Quote Here NetEase, Inc. (NTES) is a leading China-based Internet technology company dedicated to providing online services centered around content, community, communications and commerce. Founded in 1997, the company was a key pioneer in the development of Internet services for China. Today, NetEase develops and operates some of China's most popular online PC and mobile games, advertising services, e-mail services and e-commerce platforms. NetEase has produced some of China’s most renowned and longest running online PC-client games, including Fantasy Westward Journey II and New Westward Journey Online II, as well as other highly successful games, such as Tianxia III, Heroes of Tang Dynasty Zero and Ghost II. In partnership with Blizzard Entertainment, Inc., NetEase operates some of the most popular international online games in China, including World of Warcraft®, Hearthstone®: Heroes of Warcraft™, StarCraft® II and Diablo III®: Reaper of Souls™. NetEase offers multi-platform access to a broad array of free and fee-based community and communication services, including websites, content channels, YiChat social instant messaging application, NetEase Mobile News Application, Youdao dictionary and Youdao cloud note-taking service. This integrated network of high-quality services provides a cost-effective platform for advertisers to reach NetEase’s large and loyal user base. NetEase is one of the largest providers of free e-mail services in China, offering advanced features such as voice search and facial recognition. NetEase also offers fee-based premium e-mail services for corporate users. In addition, NetEase has ventures in e-commerce, with offerings such as Kaola, a cross-border e-commerce platform, and Wangyibao, an online payment system. Other online products offered include online video entertainment services: Bobo and CC.
Reported after close today (5/11/16) Earnings: EPS $3.12 Estimates: EPS $15.07 Down 0.12% after hours
Apparently it will keep on going! Breaking out to new highs yet again, one of the best performers today.
NetEase: Why CICC Sees Another 30% Upside Chinese Internet game maker NetEase (NTES) has already soared 46% this year. But according to Chinese investment bank CICC, this stock has another 30% upside. CICC this morning upgraded NetEase to Buy with a new price target of $345. NetEase closed at $261.34 on Monday. NetEase is a gaming powerhouse. CICC’s Natalie Wu wrote: We expect the size of the mobile game market will be even larger than expected, as well as more concentrated than that of client-based games. We forecast the market size could reach Rmb167bn/242bn in 2018/20 (vs. Rmb91bn this year), with Tencent and NTES taking the largest slices of the pie; and, 2) we anticipate NTES will see a rerating as the risk of its dependence on http://finance.yahoo.com/m/4f695b68-6546-3ed9-9e7a-0b061e1a2456/ss_netease:-why-cicc-sees.html
Upcoming dividend information: Ex-Div-Date: 11/22/16 Payment Date: 12/2/16 Dividend: $0.78 Current Price: $234.57 Annual Yield: 1.15%
Considering the volatility in june and July, I can see this down 25% tomorrow. Those who got out late PM were lucky
This ER was a mixed bag. Dividend cut again, eps down again, margins down again. I'm absolutely not buying yet. To put things in perspective, last time netease delivered only 2.5B RMB in net profit. Share price was 140-180.......
The company is doing well. They plan on listing in China also in 2018. Prior to listing stock price will not crash unless market crashes. Company makes very good money. Two brothers run it. One handles China and other handles America
Buy this dip. Numbers should be good for this quarter. $270 is a good price to buy at. $260 is even better. If Market does not crash this will be back over $300 by end of next month. Should have an easy 10% in this one.
Good to buy the dips. Unless markets crash this will be good for next month. I bought some calls on this one.
