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Netflix, Inc. (NFLX)

  • Oct. 21, 2013, 12:10 AM
  • Oct. 20, 2013, 8:56 PM
    • It's no surprise fixed income is a hated asset class, but how much so? Just 4% of respondent's in Barron's Big Money poll of money managers are bullish on the sector, with 85% bearish. By contrast, 79% have a positive view of equities vs. 7% negative.
    • Not surprising given negative feelings about the bond market, the utility sector garners the most votes (32%) for being the worst expected performer over the next year. Taking first place for the sector expected to perform best is - what else - tech.
    • WIth 91% of managers in agreement, Sears (SHLD) tops the list of most-hated stocks. Next at 87% is Tesla (TSLA). After that with 80% Is Herbalife (HLF), followed closely by ZIllow (Z) and Netflix (NFLX).
    • Apple (AAPL) and Berkshire Hathaway (BRK.A, BRK.B) top the list of most-loved stocks with 70%, followed by Citibank (C) at 60%.
    • Broad fixed-income ETFs: AGG, BND, LAG, SCHZ, BOND, SAGG, MINC.
    • Broad equity exposure ETFs: IYY, VTI, EXT, TOTS, EUSA, ITOT.
  • Oct. 20, 2013, 5:35 PM
  • Oct. 17, 2013, 3:02 PM
    • The NFL denies a report that it's considering adding a second game to Thursday nights with its own cable network failing to land impressive ratings.
    • Some of the options which inside sources reported were being considered included tech giants such as Netflix (NFLX +1.6%) and Google.
    • Though an interesting idea, and one that could justify a hike of the monthly prices it charges to customers, Netflix isn't ready on the back-end just yet to live stream sports.
  • Oct. 16, 2013, 9:56 AM
    • Intel (INTC +0.3%) has been upgraded to Buy by B. Riley following its Q3 beat and light Q4 revenue guidance.
    • Yahoo (YHOO +1.7%) has received a two-notch upgrade to Outperform from CLSA after it posted mixed Q3 results and soft Q4 guidance, but also strong Q2 numbers for Alibaba.
    • Cisco (CSCO +0.4%) has been cut to Neutral, and Juniper (JNPR +3.6%) upgraded to Buy, by MKM. Juniper reports on Oct. 22.
    • Netflix (NFLX -0.2%) has been cut to Hold by Hudson Square ahead of its Oct. 21 Q3 report.
    • Vimpelcom (VIP +3.9%) has been upgraded to Overweight by Morgan Stanley.
    • BT (BT +1.7%) has been upgraded to Conviction Buy by Goldman.
    • CyrusOne (CONE +2.7%) has been upgraded to Buy by BofA/Merrill. However, the firm is maintaining its $23 PT.
    • Ultimate Software (ULTI +1.6%) has been upgraded to Overweight by Evercore.
    • Ellie Mae (ELLI -6.5%) has been cut to Market Perform by JMP.
    • Super Micro (SMCI -2.7%) has been cut to Hold by Stifel.
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  • Oct. 16, 2013, 8:31 AM
    • Netflix (NFLX) signs a deal with Disney to give the company exclusive Pay-TV rights to all Disney films released in the Netherlands.
    • The multi-year agreement begins next year and will include some ABC TV shows.
    • What to watch: Europe has been somewhat slower to adapt to streaming and VOD distribution, but exclusive content deals could give Netflix a solid launching point to boost subscriber growth.
    | 1 Comment
  • Oct. 15, 2013, 9:50 AM
    • Amazon will include Netflix (NFLX +0.3%) on its upcoming Internet TV device, according to a report in The New York Times.
    • The development follows news from yesterday that cable companies plan to allow access to Netflix through a set-top box app.
    • The capitulation of major media companies to the long-term presence of Netflix helps support the more bullish forecasts on domestic subscriber growth.
  • Oct. 14, 2013, 3:31 PM
    • Netflix (NFLX +7.9%) signs a deal with Sony (SNE +0.1%) for a new original content series, reports
    • The new psychological thriller will be created by the same team that produced Damages for the FX network.
    • The deal is significant because it marks the first time the streaming concern had to work a traditional network agreement with a major studio.
  • Oct. 14, 2013, 1:12 PM
    • On a day when reports of MSO talks have helped Netflix (NFLX +6.3%) shoot higher, the FT reports the streaming giant is partnering with Nokia to offer 6-12 months of free service to U.K. buyers of Nokia's Lumia Windows Phones.
    • Vodafone subs buying Lumias will get a free one-year subscription; sources tell the FT the promo is "being funded predominantly by Nokia." Consumers buying Lumias via retailer Phones4U will get free 6-month subscriptions. Nokia is running similar Netflix promos in Finland.
    • Strong U.K. growth has contributed to Netflix's international momentum (610K international net adds were seen in Q2). But the company still faces strong competition in the country from Amazon's Lovefilm unit, and also has to contend with BSkyB's streaming services.
    • Meanwhile, JPMorgan's Doug Anmuth has raised his Netflix PT to $340 from $290. He expects Netflix to report it closed Q3 with 31M domestic streaming subs (above a guidance midpoint of 30.9M), and is raising his 2015 domestic streaming estimates on account of the business' strong momentum.
    • Netflix's Q3 report arrives a week from today.
  • Oct. 14, 2013, 10:29 AM
    • Netflix (NFLX +3.5%) moves higher after reports break on the company's efforts to work out an agreement with Pay-TV providers which would allow its service to be easier to access through set-top boxes.
    • Though the company struck a similar deal last month with Virgin Media, analysts think it needs to land a deal with one of the U.S. cable majors to swing the pendulum to the side of a friendlier relationship with the industry.
    • The take on Pay TV vs. Netflix: If one domino falls, the rest could follow.
  • Oct. 14, 2013, 3:45 AM
    • Netflix (NFLX) is reportedly in talks with Comcast (CMCSA), Time Warner Cable (TWC), Suddenlink Communications and other cable TV providers to make its service available to their customers via an app on their set-top boxes. However, one snag is that Netflix wants its potential partners to use its technology.
    • Talks are most advanced with regional operators and smaller providers that use TiVo's (TIVO) devices. Any deals would add to two that Netflix has in Europe.
    • The negotiations indicate how telecom / cable TV providers could use Netflix as a way to draw in and keep subscribers rather than just viewing the company as a threat.
  • Oct. 10, 2013, 3:25 PM
    • Media stocks outperform the broad market with comments from Liberty Media's (LMCA +2.5%) John Malone on the monetization possibilities in the industry not hurting the festive mood one little bit.
    • If Malone is to be believed, new forms of content distribution will lead to riches across the sector.
    • Advancers: Time Warner Cable (TWC) +5.6%, Charter Communications (CHTR) +3.9%, CenturyLink (CTL) +3.3%, CBS (CBS) +3.9%, Netflix (NFLX) +5.5%.
    • Liberty Media Analyst Day webcast
    • Related ETFS: PBS
  • Oct. 10, 2013, 6:47 AM
    • Needham initiates coverage on Netflix (NFLX) with a Buy rating.
    • The investment firm assigns a $425 price target on shares.
  • Oct. 8, 2013, 1:20 PM
    • Shares of Netflix (NFLX -5.3%) dip below $300 in a broad sell-off of Internet-related stocks.
    • It's no small surprise that momentum-driven Netflix would see some increased volatility with the budget drama playing out in Washington.
    • Investors who like to trade the dips and bumps in Netflix should circle October 21 on their calendar. That's the day the company reports FQ3 numbers and research from Bespoke shows Netflix stands as the most volatile stock in the S&P 1500 on earnings day.
  • Oct. 8, 2013, 11:48 AM
    • With the government shutdown having reached day 8, many U.S. and Chinese Internet stocks that have seen giant 2013 gains (often with the help of momentum traders and/or short squeezes) are falling sharply.
    • U.S. decliners include Facebook (FB -5.2%), Yahoo (YHOO -5.2%), Netflix (NFLX -4.7%), LinkedIn (LNKD -7%), Zillow (Z -5.3%), Trulia (TRLA -7.5%), Yelp (YELP -9.3%), Groupon (GRPN -4.9%), and (WWWW -10.2%).
    • Chinese decliners include Baidu (BIDU -6.2%), Sina (SINA -7.5%), YY (YY -7.3%), Sohu (SOHU -5.1%), Renren (RENN -9.2%), Youku (YOKU -9.6%), Vipshop (VIPS -6.9%), and Dangdang (DANG -10.7%).
    • A chart of the YTD performance of some key names speaks for itself.
  • Oct. 5, 2013, 9:00 AM
    • "We're making it up as we go along," says Wedbush's Michael Pachter, trying to model estimates amid Amazon's (AMZN) famous lack of detail regarding the costs of ventures like cloud-computing, Kindle, and same-day delivery of groceries. "Revenues are growing quickly so there's progress, but what are the costs for all these businesses? You tell me."
    • That investors give a free pass to nearly-profitless Amazon is great for consumers and bad news to the owners of companies like Netflix (NFLX), Best Buy (BBY), Staples (SPLS), RadioShack (RSH), Wal-Mart (WMT), and even Kroger (KR). But what happens to Amazon once the pass is revoked?
    • Analysts willing to venture a guess see earnings of $10.61 per share in 2016. To hit it, Amazon would need to continue to grow revenues at more than a 20% annual pace while expanding operating margins to 4% from 1% now. Plausible? Sure. But if the stock were to climb 10% per year over the next three, shares for the far more mature company would still trade at 40x those hopeful earnings.
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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