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Netflix, Inc. (NFLX)

  • Apr. 17, 2014, 1:03 PM
    • Netflix (NFLX +3.6%) is in talks with Vodafone (VOD +1.1%) about a deal that would give the giant international carrier's subs "free access to Netflix content for a period of time," Bloomberg reports.
    • Vodafone has majority ownership of networks in 15 European countries, including three Netflix markets - the U.K., Ireland, and the Netherlands. The company already has deals with Spotify and Sky Sports that provide free content access to new U.K. 4G subs.
    • The report comes as AT&T tries to get Netflix and other streaming service providers to sign up for its Sponsored Data program, which allows content providers to subsidize customer data usage.
    • Netflix, boosted by a morning Pac Crest upgrade, is trading near its session highs.
    | Apr. 17, 2014, 1:03 PM | 6 Comments
  • Apr. 17, 2014, 7:45 AM
    • Pacific Crest upgrades Netflix (NFLX) to an Outperform rating, up from its prior rating of Sector Perform.
    • The investment firm has a rousing $500 price target on shares.
    • NFLX +1.1% premarket
    | Apr. 17, 2014, 7:45 AM | 4 Comments
  • Apr. 15, 2014, 10:27 AM
    • The Netflix (NFLX -2%) service is down this morning in a broad region, according to website monitoring services.
    • Shares of the company are also under-performing in early action.
    | Apr. 15, 2014, 10:27 AM | 5 Comments
  • Apr. 8, 2014, 12:37 PM
    • Amazon (AMZN +3%) made a big deal earlier today about growing its number of video streams at a rate fast enough to surpass Hulu and Apple over the last year, but didn't say much about Netflix (NFLX +3.5%) in its press release.
    • The same streaming data from Qwilt cited by Amazon shows that Netflix held 57.5% of the video streaming market in March, compared to Amazon's 3% share.
    | Apr. 8, 2014, 12:37 PM | 12 Comments
  • Apr. 7, 2014, 7:45 AM
    • Netflix (NFLX) is upgraded by Oppenheimer to an Outperform rating.
    • The investment firm sets a price target of $419.
    • The recent pullback in Netflix gives investors a more compelling risk/reward proposition, says Oppenheimer.
    • NLFX +0.4% premarket to $338.76
    | Apr. 7, 2014, 7:45 AM | 2 Comments
  • Apr. 4, 2014, 4:20 PM
    • The recent selloff in Nasdaq momentum names spilled over to the rest of the stock market today, pulling the Dow and S&P sharply lower from their record highs hit earlier in the session.
    • The S&P 500's 1.2% drop was less than half the Nasdaq's 2.6% plunge, but its 1,865 close was well below the 1,875 some technicians saw as a resistance level.
    • The selling that started in biotechs a few weeks ago has carried over into cloud and enterprise software names, Internet and other high-flying tech names.
    • Looking around Nasdaq, the carnage is evident: ICPT -9.6%, FEYE -8.2%, YELP -6.8%, TRIP -6.1%, TSLA -5.8%, ILMN -5.8%, SPLK -5.5%,NFLX -4.9%, PCLN -4.8%, FB -4.6%, GOOG -4.6%, BIIB -4.5%, CELG -4.3%, WDAY -3.8%, AMZN -3.2%, GILD -2.4%, TWTR -2%.
    • Recent high-fliers also are seeing a surge in volatility to go along with their declines; the implied volatility of the iShares Biotech Fund (IBB -4%) is near its highest level in at least two years.
    • Treasurys rallied as the latest employment report eased concerns that the Fed could raise interest rates sooner than expected; the 10-year yield fell 6 bps at 2.732%.
    | Apr. 4, 2014, 4:20 PM | 54 Comments
  • Mar. 28, 2014, 9:11 AM
    • "We’re often experimenting with new things, but we have no plans to offer a free streaming-media service," an Amazon (AMZN) spokeswoman tells Variety. The comments are in reference to a WSJ report stating the company is looking to launch a free/ad-supported TV and music-streaming service.
    • Deja vu: In January, Amazon denied a WSJ report stating the company is thinking of launching a Web-based pay-TV service.
    • Netflix (NFLX) is still down 1.2% premarket, in spite of higher equity futures.
    | Mar. 28, 2014, 9:11 AM | 3 Comments
  • Mar. 27, 2014, 4:22 PM
    • The WSJ reports Amazon's (AMZN -1.4%) free TV/music service "could arrive in the coming months." It will feature the company's original programming, and might also include licensed content. Notably, an Amazon Prime subscription won't be required.
    • Amazon reportedly also plans to offer free, ad-supported music videos (a la YouTube) on its site.
    • The report comes ahead of an April 2 event expected to feature the launch of a streaming/gaming set-top.
    • Striking deals with media giants (always nervous about upsetting pay-TV providers) for ad-supported content might prove challenging. Hulu's media industry owners, for example, still refuse to make its free service available on set-tops (the Hulu Plus subscription service is allowed).
    • Netflix (NFLX), which now gets over 80% of its traffic from connected and mobile devices, is down 1.4% AH after falling 2.2% in regular trading.
    • Update: An Amazon spokeswoman denies the report.
    | Mar. 27, 2014, 4:22 PM | 11 Comments
  • Mar. 24, 2014, 5:35 PM
    • Top gainers, as of 5:15 p.m.: SONC +7.1%. RLD +5.9%. UQM +4.4%. GFI +2.1%. EOG +1.7%.
    • Top losers, as of 5:15 p.m.: VNDA -3.6%. AI -3.4%. UVE -3.3%. SUNE -2.0%. NFLX -1.9%.
    | Mar. 24, 2014, 5:35 PM | Comment!
  • Mar. 24, 2014, 1:34 PM
    • Carl Icahn offers some sketchy details on his Netflix (NFLX -8%) position during an animated interview on CNBC.
    • "I don’t have it in front of me. I think I sold half. And I think it’s a great company, and we’ve got a great CEO there in Reed Hastings, but hey, all these companies, you don’t go to the sky," rants Icahn.
    • Revised: It appears that Icahn was referencing his Netflix sales last fall with his comments.
    | Mar. 24, 2014, 1:34 PM | 13 Comments
  • Mar. 24, 2014, 1:09 PM
    • Shares of Netflix (NFLX -9%) slump as news of an Apple-Comcast online TV partnership drives sentiment.
    • Traders attribute part of the weakness in Netflix to a broader risk-off swap out of some well-known momentum stocks. Tesla, Twitter, and Facebook are all feeling some pain.
    | Mar. 24, 2014, 1:09 PM | 2 Comments
  • Mar. 21, 2014, 2:49 PM
    • Direct peering deals such as the one Netflix (NFLX -3.7%) struck with Comcast are a "toll to the powerful ISPs to protect our consumer experience," says Reed Hastings in a much-discussed blog post calling for tougher net neutrality rules to "protect an open, competitive Internet."
    • Though analysts have argued the Netflix/Comcast deal could actually lower Netflix's bandwidth costs, Hastings declares action is needed to keep cable/phone duopolies from having undue leverage against Web service providers.
    • He dismisses ISP complaints about Netflix's huge downstream volumes by arguing Netflix doesn't get a cut of the high-margin broadband revenue ISPs generate, and by noting ISPs don't pay fees for services (e.g. online backup) that generate heavier upstream volumes.
    • Level 3 (LVLT -0.6%) and Cogent (CCOI -0.6%), each of whom get charged by ISPs for acting as intermediaries for the likes of Netflix (assuming no direct peering), also call peering a neutrality issue. Today, Cogent offered to pay for capacity upgrades at ISP peering points in lieu of service payments, while arguing ISPs should ultimately be regulated as common carriers.
    • Dan Rayburn isn't sold on Hastings' arguments. "Netflix likes to make it sound like there is only one way to deliver videos on the Internet when in fact, there are multiple ways ...  the company that should be blamed will be different depending on the business situation."
    | Mar. 21, 2014, 2:49 PM | 16 Comments
  • Mar. 19, 2014, 1:39 PM
    • Netflix (NFLX +0.2%announces its next original series will star Jane Fonda and Lily Tomlin.
    • The comedy, called Grace and Frankie,  will premiere next year.
    • Netflix Chief Content Officer Ted Sarandos is quick to note that the actresses will "run riot" during the 13-episode series and notes it's "anything but wholesome."
    | Mar. 19, 2014, 1:39 PM | 16 Comments
  • Mar. 13, 2014, 10:19 AM
    • Netflix (NFLX) announces three new series aimed at children from DreamWorks Animation (DWA -1.6%) will be released late in the year.
    • The shows to be debuted will be King Julien, Puss in Boots, and Veggie Tales in the House.
    • Netflix and DreamWorks Animation signed a first-run agreement last summer.
    | Mar. 13, 2014, 10:19 AM | Comment!
  • Mar. 12, 2014, 11:12 AM
    • Netflix (NFLX +0.3%) will have first-run rights to the science fiction series The 100 in Canada through the terms of a new distribution deal with Warner Bros. (TWX).
    • The streaming service will be able to offer subscribers the show only one day after it airs on the CW network (CBS) in the U.S.
    • The development follows a trend of Netflix trying to gain an edge over cable rivals outside the U.S. by airing popular U.S. shows within a tight window.
    | Mar. 12, 2014, 11:12 AM | 1 Comment
  • Mar. 10, 2014, 6:55 PM
    • Seth Klarman is warning of an impending asset price bubble, calling out "nosebleed valuations” in high-flying stocks such as Netflix (NFLX) and Tesla (TSLA) and warning of the potential for a brutal correction across financial markets.
    • “Any year in which the S&P 500 jumps 32% and the Nasdaq 40% while corporate earnings barely increase should be a cause for concern, not for further exuberance," the Baupost Group head wrote in a letter to clients.
    • "There is a growing gap between the financial markets and the real economy... and the overall picture is one of growing risk and inadequate potential return almost everywhere one looks."
    • In a semi-rebuttal, Vanguard's Jack Bogle agrees stocks are in "risky territory" but says investors shouldn't be trying to time the market in any case, and the problem with selling stocks based on such a prediction is you won't know when to re-enter: "Will [Klarman] call you and tell you when it's time to get back in?"
    | Mar. 10, 2014, 6:55 PM | 55 Comments
Company Description
Netflix Inc operates as an Internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company has three segments namely Domestic streaming, International streaming & Domestic DVD.
Sector: Services
Country: United States