Netflix, Inc.

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  • Aug. 20, 2015, 2:35 AM
    • Yesterday was the 11th anniversary since Google's (GOOG, GOOGL) initial public offering, and there's no doubt the company has had a remarkable run (Class A shares +1,277%).
    • Although the online advertising giant has given a massive return to investors, there are still 13 stocks that outperformed Google since 8/19/2004:
    • Alexion Pharmaceuticals (NASDAQ:ALXN); Amazon (NASDAQ:AMZN); Apple (NASDAQ:AAPL); Celgene (NASDAQ:CELG); Gilead Sciences (NASDAQ:GILD); Intuitive Surgical (NASDAQ:ISRG); Keurig Green Mountain (NASDAQ:GMCR); Monster Beverage (NASDAQ:MNST); Netflix (NASDAQ:NFLX); Priceline (NASDAQ:PCLN); Regeneron Pharmaceuticals (NASDAQ:REGN); (NYSE:CRM); Vertex Pharmaceuticals (NASDAQ:VRTX).
    | Aug. 20, 2015, 2:35 AM | 57 Comments
  • Aug. 14, 2015, 7:07 AM
    • Netflix (NASDAQ:NFLX) plans to close down its last data center by the end of this summer which will make it a fully cloud-based company.
    • The shift to AWS began by Netflix back in 2008 after a major hardware failure.
    | Aug. 14, 2015, 7:07 AM | 12 Comments
  • Aug. 12, 2015, 11:53 AM
    • Naspers will launch a streaming service in South Africa ahead of Netflix's (NFLX -1.6%) debut in the nation, reports TechCentral.
    • An announcement from the large South African media company is expected next week. Naspers owns a piece of Tencent and has a market cap of over $66B.
    • Earlier this year, Netflix CEO Reed Hasting tipped the company plans to enter South Africa by the end of 2016.
    | Aug. 12, 2015, 11:53 AM | 14 Comments
  • Aug. 5, 2015, 9:26 AM
    • Netflix (NASDAQ:NFLX) is racing higher in premarket action after the company was discussed favorably on the Disney earnings conference call.
    • Disney CEO Bob Iger said the company looks at Netflix as more of a friend than foe. It's a natural response considering the big spend by the streamer for Disney programming.
    • "I also think that products like Netflix are pretty attractive because they offer a very user-friendly, efficient and oftentimes much less expensive way for people to watch television," Iger went on.
    • Disney earnings call transcript
    • Prior Disney coverage
    • NFLX +4.15% premarket to $126.20.
    | Aug. 5, 2015, 9:26 AM | 7 Comments
  • Aug. 5, 2015, 2:20 AM
    • Netflix (NASDAQ:NFLX) plans to start offering employees "unlimited" maternity and paternity leave through the first year after a child's birth or adoption.
    • Employees will be entitled to their normal salary during their time off.
    • Meanwhile, Netflix shares surged 7.6% yesterday to an all-time record high, after the company announced it would offer service in Japan starting on September 2.
    | Aug. 5, 2015, 2:20 AM | 14 Comments
  • Aug. 4, 2015, 1:38 PM
    • Netflix (NFLX +8.6%) will being offering service in Japan on September 2, according to VentureBeat.
    • The company plans to partner with Yoshimoto Kogyo to produce content for local audiences on top its established stable of programming.
    • Japan will be Netflix's first foray into Asia to follow up on its recent entries in Europe and Australia/Oceania.
    • Previously: All-time high for Netflix as positive vibes rev up again (Aug. 04 2015)
    | Aug. 4, 2015, 1:38 PM
  • Aug. 4, 2015, 10:49 AM
    • Netflix (NFLX +5%) sets a new all-time high with a strong morning move.
    • The stock appears to be getting a late lift from an initiation by Guggenheim Partners with a Buy rating and lofty $160 price target on the streamer.
    • The $160 PT tops the $155 call put out by Pivotal Research just a few weeks ago that looked like an outlier.
    • There's also some speculative buying on Netflix in anticipation of developments later this year in China.
    | Aug. 4, 2015, 10:49 AM | 18 Comments
  • Jul. 29, 2015, 9:40 AM
    • Telecom Italia (TI -0.3%) signs a content deal to offer Netflix (NFLX +0.6%) to its subscribers, in a play to sell its high-speed Internet as it builds out fiber.
    • No financial details were disclosed, but TI's set-top boxes will access Netflix content including newer fare like Daredevil and Sense8 as well as a full complement of children's programming.
    • Last month in detailing European expansion, Netflix had said it would pursue expansion in Italy this fall along with a push into Portugal and Spain.
    • For its part, TI is pursuing content deals (including one with Sky Italia) along with its broadband buildout to diversify away from traditional phone service.
    | Jul. 29, 2015, 9:40 AM | 7 Comments
  • Jul. 27, 2015, 12:14 PM
    • The inclusion of a Netflix (NFLX -0.3%) page on the Taobao marketplace site is creating some discussion.
    • The company is already testing the Chinese market through partnerships with Wasu and BesTV, while Alibaba has its own streaming launch in the works.
    • Neither company has announced anything about working together.
    • During Netflix's last conference call, CFO David Wells sounded cautious on the China approach by the company: "We're taking our time and being deliberate in finding a path and the right model to work."
    • Netflix earnings call transcript
    • Taobao link
    | Jul. 27, 2015, 12:14 PM | 7 Comments
  • Jul. 22, 2015, 1:17 PM
    • Netflix (NFLX -1.1%) rolls out the first major update to its TV application since 2013.
    • Users will be given an expanded menu of choices and playback features as TV titles are selected.
    • Shares of Netflix are off their post-earnings highs, but still rattling around in the $111-$112 range. The Street high price target on NFLX is $135.71 from BTIG Research.
    | Jul. 22, 2015, 1:17 PM | 12 Comments
  • Jul. 17, 2015, 8:27 PM
    • Miramax, the studio home for prestige films founded by Harvey and Bob Weinstein, is looking for a buyer in a sale it hopes will draw $1B, Bloomberg reports.
    • Investment is coming back to the film sector in a rebound year for movies, and studio owners Colony Capital and Qatar Holding are betting that content-hungry distributors will take an interest in an award-heavy film library, including Oscar winners like Shakespeare in Love, Pulp Fiction and Good Will Hunting.
    • Colony Capital and the Qatar sovereign wealth fund were among the group that bought Miramax from Disney for $660M five years ago.
    • Potential buyers? That could include content-acquisitive streaming services like Hulu (CMCSA, DIS, FOXA), Netflix (NASDAQ:NFLX) or's Instant Video (NASDAQ:AMZN), or studios like MGM or oft-rumored buyer Lions Gate (NYSE:LGF), says Variety's James Rainey. A price of $1B is too steep for some of them, but with low information, it's tough to put a solid value on Miramax.
    | Jul. 17, 2015, 8:27 PM | 23 Comments
  • Jul. 17, 2015, 2:11 AM
    • Hulu is exploring plans to add an advertising-free option to its service, sources told the WSJ, as the streaming video provider tries to become a stronger rival to Netflix (NASDAQ:NFLX).
    • The new service could launch as early as this fall and be priced at around $12-$14 a month.
    • Although Hulu - co-owned by NBCUniversal (NASDAQ:CMCSA), Disney (NYSE:DIS) and Fox (NASDAQ:FOXA) - remains small compared to Netflix, its paying subscriber base is now around 9M, up from 6M last year. Netflix on Wednesday reported that it had 65M global subscribers.
    | Jul. 17, 2015, 2:11 AM | 12 Comments
  • Jul. 16, 2015, 12:25 PM
    • A clear winner from today's announcement of the nominations for Emmy Awards was HBO's (NYSE:TWX) Game of Thrones which landed 24 nominations, including one for outstanding drama series.
    • HBO has 126 nominations overall vs. 99 a year ago.
    • Netflix (NFLX +16.6%) landed 34 nominations to top last year's 31 nods. The streaming service also had a higher weighting in top categories.
    • AMC (NASDAQ:AMCX) also did well with two series, Mad Men and Better Call Saul, in the category for best drama series.
    • Full list of Emmy nominations
    | Jul. 16, 2015, 12:25 PM | 2 Comments
  • Jul. 16, 2015, 9:30 AM
    • Top execs with Netflix (NASDAQ:NFLX) reiterated during last night's earnings call that negative free cash flow was expected as the company grows internationally. The management team focuses on the ratio of content P&L expense to cash which hovers in the 1.2 to 1.3 range. They expect it to peak at 1.4.
    • Though analysts tried to pin the company down on pricing and the potential to increase ARPU (average revenue per user), Netflix is early in the process of figuring out the impact of value added taxes and F/X swings in various markets which makes projections difficult.
    • Of note to the movie exhibitor sector (AMC, RGC, CKEC, CNK), Netflix CCO Ted Sarandos says the release of original movies in theaters is largely "symbolic" to differentiate the features from TV movies. Crouching Tiger, Hidden Dragon 2 will be released in the 3D format in China.
    • CEO Reed Hastings doesn't have a clear answer on the rocket ride of his company's stock. He notes that he called it "euphoric" when NFLX traded at half its current level, adding "it's a mystery to me" in reference to stock picking.
    • Netflix earnings call transcript
    • New investment firm price targets: Nomura to $120, Piper Jaffray to $96, Canaccord Genuity to $120, Needham to $111, FBR Capital to $142, Pivotal Research to $155, SunTrust to $95.
    • Previously: Netflix beats by $0.02, misses on revenue (Jul. 15 2015)
    • Previously: Subscriber growth dazzles at Netflix (Jul. 15 2015)
    • NFLX +11.31% premarket to $109.19
    | Jul. 16, 2015, 9:30 AM | 13 Comments
  • Jul. 16, 2015, 9:15 AM
    | Jul. 16, 2015, 9:15 AM
  • Jul. 16, 2015, 9:13 AM
    • The judge's claim construction ruling largely went in Rovi's favor, with Rovi's proposed constructions adopted for 8 of the 9 disputed claim terms. Rovi adds the court also "rejected attempts by Netflix to limit the scope of the patents to the area of broadcast television."
    • Not surprisingly, Rovi plans to appeal the invalidity ruling. Shares have tumbled to $15.37.
    • B. Riley is defending Rovi. "ROVI shares are already pricing in the worst case scenario of that litigation ... We fully expect ROVI to 'appeal” this ruling by bringing additional patents into the litigation against NFLX ... 'Given that the “Big 4' license renewal discussions (Comcast, Time Warner Cable, Dish Network and DirecTV) cover a set of patents with significantly broader reach and use-cases than the original five involved in the NFLX litigation, we continue to believe this ruling is unlikely to have any impact on those discussions."
    • Prior Rovi/Netflix coverage
    | Jul. 16, 2015, 9:13 AM | 1 Comment
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