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Netflix (NFLX -2%) gives back some of yesterday's big gains after Citi starts coverage at...

Netflix (NFLX -2%) gives back some of yesterday's big gains after Citi starts coverage at Neutral: analyst Mark May thinks shares will be range-bound until a price hike (not expected for at least 12 months) is announced. He estimates every 5% gain in domestic streaming ARPU will yield $65M in incremental contribution profit. Meanwhile, Netflix's decision to host a moderated live video talk following its Q2 report is fueling speculation strong numbers will be delivered. Janney's Tony Wilbe: "It’s an unprecedented format, and not one you’d do if you had bad news."
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  • DIgitalMediaView
    , contributor
    Comments (668) | Send Message
     
    Maybe investors are reading the mixed reviews for Orange is the New Black, and seeing very low interest level on Google Trends. See last comment to this Market Current: http://seekingalpha.co...
    11 Jul 2013, 11:25 AM Reply Like
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