Netflix, Inc.NASDAQ
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  • Wed, Jul. 6, 8:58 AM
    • Netflix (NASDAQ:NFLX) -2.8% premarket after Jefferies downgrades shares to Underperform from Hold with an $80 price target, cut from $120, citing weaker U.S. subscriber growth and increasing competitive threats.
    • "Although NFLX's runway will span multiple years, our research suggests the domestic subscriber growth trajectory may be somewhat flatter than the market's current expectations," analyst John Janedis writes.
    • "Subscriber growth and free cash flow generation over the long-term will grow more slowly than the consensus view as NFLX acquires more expensive global rights to content, in addition to investing significantly in original programming," according to Janedis.
    | Wed, Jul. 6, 8:58 AM | 26 Comments
  • Wed, Jul. 6, 7:46 AM
  • Tue, Jul. 5, 1:29 PM
    • Netflix (NFLX +1.4%) has formed a new multi-year deal with the CW keeping it as the exclusive subscription service for CW scripted series.
    • One key change is a shorter window between the show's season finale and its availability on Netflix, shrinking to eight days starting with the 2016-2017 season.
    • Shows in the deal include standby DC series Supergirl, The Flash, Arrow and Legends of Tomorrow as well as Crazy Ex-Girlfriend, Supernatural, and The Vampire Diaries along with programs on the new fall schedule.
    • The CW, owned by CBS (CBS -1.1%) and Time Warner (TWX -1%), had originally formed its deal with Netflix in 2011.
    • Previously: Netflix turns higher on deal with Comcast (Jul. 05 2016)
    • Previously: Guggenheim sees significant upside for Netflix (Jul. 05 2016)
    | Tue, Jul. 5, 1:29 PM | 6 Comments
  • Tue, Jul. 5, 12:38 PM
    • Kara Swisher reports Comcast (CMCSA -0.7%) will let viewers stream Netflix (NFLX +1.4%) on its own interactive X1 platform.
    • Sources say the deal will be similar to arrangements Netflix has with smaller cable operators in this country and larger ones elsewhere that allow it (for a price) access to a large group of potential customers.
    • For Comcast, it will have an offering more competitive with those from Roku, Verizon, and Dish which already have apps from services like Netflix and Hulu.
    | Tue, Jul. 5, 12:38 PM | 18 Comments
  • Tue, Jul. 5, 7:23 AM
    • Netflix (NASDAQ:NFLX) lands on the list of best ideas at Guggenheim Securities and catches a lofty price target of $150 from the investment firm. Analyst Michael Morris takes a very favorable view on current valuation with a focus on long-term potential. Snippets from his note to investors are posted below.
    • "We believe that consensus investor expectations under-appreciate the long-term domestic opportunity that is presented by an industry-low hourly consumption cost to the consumer."
    • "We expect Netflix to continue to take usage share from traditional linear networks and as such see the company having greater potential for future domestic price increases than current consensus expectations imply."
    • "We believe that the company’s about $41 billion market capitalization remains low relative to the global growth opportunity presented by the Netflix consumer value proposition."
    • NFLX -0.69% premarket to $96.00 vs. a 52-week trading range of $79.95 to $133.27.
    | Tue, Jul. 5, 7:23 AM | 15 Comments
  • Fri, Jul. 1, 11:18 AM
    • Netflix (NFLX +5.9%) pushes higher after Canaccord initiates coverage with a Buy rating and $120 price target, citing the stock's 30% decline since December due to sluggish international subscriber guidance for Q2 and the possibility of only modest growth in Q3.
    • But Canaccord forecasts a "long runway" for international subscriber growth in Q4 and beyond, and believes it is the key metric for the stock through next year at least; beyond that, the firm thinks the key question is whether NFLX can achieve leverage on original programming content costs.
    • The firm sees potential for continued volatility through Q2 and Q3 earnings followed by a strong Q4 and 2017-18.
    | Fri, Jul. 1, 11:18 AM | 27 Comments
  • Thu, Jun. 30, 5:37 PM
    • Top gainers, as of 5.25 p.m.: ARRY +5.3%. HTZ +3.9%. WING +3.8%. NFLX +3.7%. .
    • Top losers, as of 5.25p.m.: MU -8.1%. MBLY -3.3%. AZN -3.3%. TSLA -2.6%. BDE -2.2%.
    | Thu, Jun. 30, 5:37 PM | 24 Comments
  • Thu, Jun. 30, 2:34 AM
    • "Since China is a great opportunity, we continue to look into China," Ted Sarandos, Netflix's (NASDAQ:NFLX) chief content officer, said at a media event in Seoul.
    • The streaming service has countered slowing U.S. growth by launching in more than 130 new markets, but remains absent in the world's most populous country, where content providers face stringent regulations and censorship challenges.
    | Thu, Jun. 30, 2:34 AM | 27 Comments
  • Tue, Jun. 28, 2:35 PM
    • The shock of the Brexit vote has led to a "compelling buy opportunity" in Netflix (NFLX +2.4%), says RBC's Mark Mahaney. 
      "Netflix still offers a highly attractive global customer value proposition, a highly experienced and innovative management team, material profitability potential and an increasingly strong competitive position ... The consumer value proposition behind Netflix becomes even more compelling in challenging economic conditions.”
    • According to FactSet, the U.K. represents Netflix's fourth-largest country by revenue exposure, with the top three being the U.S. at 71%, Japan at 4.3%, and Germany at 3.5%.
    | Tue, Jun. 28, 2:35 PM | 20 Comments
  • Wed, Jun. 22, 5:48 PM
    • No one outside of Amazon knows how many people are streaming video from Amazon or how much video they are streaming. But industry observers do have a proxy: The internet usage numbers provided by Sandvine.
    • Sandvine says Amazon’s video now accounts for 4.26 percent of prime-time internet usage in the U.S.. That’s up from 1.31 percent three years ago.
    • Amazon’s numbers are still small compared to Netflix (NASDAQ:NFLX) and YouTube (NASDAQ:GOOG), which continue to account for half of all broadband usage.
    • Netflix, meanwhile, is down nearly 2 percent from Sandvine’s most recent measurement, last fall.
    • Read more here.
    | Wed, Jun. 22, 5:48 PM | 21 Comments
  • Mon, Jun. 20, 7:21 AM
    • Nomura lowers its estimate on international subscriber growth for Netflix (NASDAQ:NFLX) for the back half of the year
    • "We believe that Netflix's international launches in 2H15 (Japan in 3Q15 and Southern Europe in 4Q15) may presage difficult YoY growth comparisons for international subscriber addition estimates in 2H16," writes analyst Anthony DiClemente.
    • The investment firm sees Q4 international subscriber growth of 3.23M from a prior estimate of 4.04M.
    • Nomura has a Buy rating and lowered price target of $115 on NFLX.
    • Also in the mix today, The Japan Times reports that Netflix plans to follow on well-received original series Hibana with new original content in Japan.
    • NFLX +1.11% premarket to $95.50.
    | Mon, Jun. 20, 7:21 AM | 4 Comments
  • Wed, Jun. 15, 11:19 AM
    • The next issue of New York Times Magazine profiles Netflix (NFLX +0.4%) with a favorable view of where the company will stand five years from now.
    • The focus isn't on as much quarterly subscriber growth rates or valuation as it is on the seismic changes with consumer viewing habits.
    • Analysts such as Otter Media's Matthew Ball note that Netflix is the obvious choice in the emerging on-demand world where networks will all offer their own streaming service.
    • "Netflix is ABC, it is Discovery, it is AMC, it is USA and all the other networks," said Ball. Only a few subscription services are seen claiming a large market share in the streaming future.
    • Netflix CEO Reed Hastings stayed on script during the NYT interview. He doesn't think there will be a dramatic tipping point that destroys the cable bundle, but a slow erosion.
    • Full Netflix article in NY Times Magazine
    | Wed, Jun. 15, 11:19 AM | 3 Comments
  • Tue, Jun. 14, 2:04 AM
    • Netflix (NASDAQ:NFLX) shareholders have approved a proposal for the second year in a row to grant investors so-called "proxy access," prompting a call for the company to implement the reform.
    • The video provider has so far held out against the change, which would make it easier for groups of investors owning as little as 3% of NFLX shares over three years to run their own candidates for board seats.
    | Tue, Jun. 14, 2:04 AM | 1 Comment
  • Mon, Jun. 13, 10:18 AM
    • Netflix (NFLX +2.8%) rallies in early trading to make up some ground lost during last week's slow decline.
    • The company's trailer for upcoming supernatural series Stranger Things continues to create some strong buzz across social media networks.
    • The Verge says the show "exudes" the influence of Stephen King and Steven Spielberg in what can't be a boring amalgam.
    • Stranger Things will be available for streaming on July 15.
    • Stranger Things trailer
    | Mon, Jun. 13, 10:18 AM | 8 Comments
  • Thu, Jun. 9, 7:26 AM
  • Mon, Jun. 6, 2:57 PM
    • Netflix (NFLX +1.2%)¬†announces that it's partnering with Indian production house Phantom Films on an original bi-lingual series shot on location in India.
    • Sacred Games is based on the best-selling novel of the same name from Vikram Chandra.
    • The development falls in line with Netflix's plan to bring local stories to its subscribers on a broad scale.
    | Mon, Jun. 6, 2:57 PM | 7 Comments