Netflix, Inc.

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  • Aug. 24, 2012, 6:16 PM

    The poor quality of U.S. broadband could be hurting Netflix (NFLX). Though a recent FCC report claims 60% of U.S. households have broadband connections (defined as 768kbps or more), only 38% have connections of at least 3Mbps, the minimum level Netflix says is needed to provide DVD-quality video. Also, only 26% are estimated to have 6Mbps+ connections - Netflix claims 5Mbps is needed to provide HD video. Netflix provided disappointing Q3 domestic streaming subscriber guidance in July.

    | Aug. 24, 2012, 6:16 PM | 9 Comments
  • Aug. 24, 2012, 9:51 AM

    Amazon (AMZN +0.9%) and Comcast (CMCSA -0.5%) expand an existing licensing agreement to add hundreds of NBC TV episodes, both new and old, to Amazon Prime Instant Video. With an arsenal of over 22K movies and TV episodes, the Amazon streaming service is a formidable challenger to Netflix (NFLX -2.5%).

    | Aug. 24, 2012, 9:51 AM | 1 Comment
  • Aug. 24, 2012, 7:46 AM
    Netflix (NFLX) exec Ted Sararndos defends the company against accusations that it's spending too much in the hotly-contested U.K. video-on-demand market. Sarandos notes the company adopted the same policy in the U.S. in order to grab the rights for engaging online content and gain an edge.
    | Aug. 24, 2012, 7:46 AM | 2 Comments
  • Aug. 23, 2012, 9:57 AM
    ITG Research tips off that revenue for Netflix (NFLX +0.8%) in Q3 tracks above the consensus mark of analysts. The quarter is an important one for Netflix, with warnings from both inside and outside the company that revenue was affected by the streaming coverage of the Olympics.
    | Aug. 23, 2012, 9:57 AM | 1 Comment
  • Aug. 21, 2012, 2:04 PM
    Netflix (NFLX +1.3%) edges higher after Caris' David Miller, who has been a vocal bear, upgrades shares to Average. With Netflix down 62% since his September downgrade, Miller thinks the company has bled enough. He also believes Netflix and EPIX recently altered a licensing deal to make it non-exclusive (something that should lower content costs), and that a 2013 consensus EPS estimate of $0.95 is "too draconian" (Miller forecasts $1.88). (Apple/EPIX rumors)
    | Aug. 21, 2012, 2:04 PM | 1 Comment
  • Aug. 20, 2012, 9:37 AM

    Netflix (NFLX +0.5%) crosses over the 1M member milestone in the UK and Ireland. The company says 10% of the population in the region gives up two hours or more of their day to watching TV shows delivered via the Internet. Though competition is stiff with Amazon's Lovefilm and BSkyB offering up online content, it appears the market may be broad enough to feed all three companies.

    | Aug. 20, 2012, 9:37 AM | 5 Comments
  • Aug. 15, 2012, 8:12 AM

    More on Netflix (NFLX) in Scandinavia: Sweden has a reputation for being a haven for Internet piracy, although the introduction of legal music-download services such as Spotify has met with success, boding well for Netflix's prospects. (PR)

    | Aug. 15, 2012, 8:12 AM
  • Aug. 15, 2012, 8:07 AM
    Netflix (NFLX) plans to launch its streaming service in Denmark, Sweden, Norway and Finland by the end of the year. The reach into the Scandinavian countries by the company adds to its current non-U.S. base of Canada, Ireland, the U.K., and countries in Latin America.
    | Aug. 15, 2012, 8:07 AM | 13 Comments
  • Aug. 14, 2012, 2:27 PM

    Netflix (NFLX +3.3%) gets a lift with a nifty two-notch upgrade from Bank of America to Buy from Underperform. The firm cites international expansion and improved streaming cost controls.

    | Aug. 14, 2012, 2:27 PM
  • Aug. 10, 2012, 5:55 PM
    Capital Research Global Investors discloses it owned a 10.5% stake in Netflix (NFLX +3.4%) as of July 31. CRGI, a Capital Group division, isn't typically an activist investor.
    | Aug. 10, 2012, 5:55 PM | 10 Comments
  • Aug. 2, 2012, 1:41 PM
    Netflix (NFLX -1.7%) starts to see a big drop in streaming usage since the London Olympics began last weekend. Though CEO Reed Hastings warned the Games would be a negative factor during the firm's FQ2 CC, the impact appears to be even more significant than forecast.
    | Aug. 2, 2012, 1:41 PM | 2 Comments
  • Aug. 1, 2012, 10:36 AM

    Amazon (AMZN) news roundup: 1) An iPad app is now available for Instant Video, increasing its threat to Netflix (NFLX) a bit. A $79/year Prime subscription is still needed. 2) Amazon has updated its cloud music service to include a premium option featuring iTunes Match-like downloads and nearly unlimited storage. 3) Amazon is expanding its delivery locker trial (previous) to include 7-Eleven locations in Silicon Valley. 4) A new job posting suggests Amazon is expanding its mobile ad efforts.

    | Aug. 1, 2012, 10:36 AM
  • Jul. 26, 2012, 4:06 PM
    Netflix (NFLX -5.4%) takes out its 52-week low as the Street continues weighing the implications of the company's Q2 report, and the poor guidance accompanying it. "The Netflix story is a simple one. The company had a huge competitive advantage in the DVD rental market. It has none in the digital streaming market," asserts Needham (Underperform), which is slashing its 2013 EPS estimate to $0.60 from $2.
    | Jul. 26, 2012, 4:06 PM | 1 Comment
  • Jul. 25, 2012, 10:15 AM

    No mercy is shown to Netflix (NFLX -21.5%) after the company's Q2 DVD sub losses exceed its domestic streaming gains, and its guidance for a 1M-1.8M Q3 increase in domestic streaming subs makes full-year guidance for 7M adds look dubious. Netflix's guidance for another 600K-900K DVD subscriber losses was also uninspiring. Nonetheless, the company says it's driven to expand into continental Europe, even if it wipes out near-term profits. (transcript)

    | Jul. 25, 2012, 10:15 AM | 5 Comments
  • Jul. 25, 2012, 9:16 AM
    Premarket gainers: RVBD +26%. ACOM +16%. LL +14%. VHC +13%. INVN +13%. REGN +13%. ALTR +11%. SYMC +10%. DEXO +10%. SPPI +10%. TPX +9%. PSTI +8%. PNRA +8%. GALT +8%. JNPR +7%. ARMH +7%. ALXN +6%. BRCM +6%. STEM +5%.
    Losers: RSH -22%. NFLX -20%. TRIP -15%. IGT -12%. BWLD -11%. RFMD -10%. WLP -10%. USG -6%. WFT -6%.
    | Jul. 25, 2012, 9:16 AM
  • Jul. 24, 2012, 6:21 PM

    Coinstar (CSTR) -1.1% AH following Netflix's (NFLX) Q2 report, which featured an 850K Q/Q decline in DVD subs. Earlier today, Coinstar and Verizon (VZ) provided details about their streaming JV. The service will be called Redbox Instant by Verizon, will be run by Verizon exec Shawn Strickland, will focus on movies rather than TV shows (unlike Netflix), and will come packaged with Redbox kiosk rentals. No pricing info has been announced.

    | Jul. 24, 2012, 6:21 PM
Company Description
Netflix Inc operates as an internet television network providing TV shows & movies which include original series, documentaries & feature films. The Company's business segments are Domestic streaming, International streaming and Domestic DVD.
Sector: Services
Country: United States