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Netflix, Inc. (NFLX)

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  • Apr. 24, 2012, 7:16 PM
    Following its post-Q1 selloff, Nicholas Thompson asks if Netflix (NFLX -13.9%) is doomed. Unlike its DVD ops, Netflix's streaming business has low barriers to entry, he argues, and its original content is underwhelming. Felix Salmon disagrees Netflix has low barriers to entry, but thinks its content deals are a major problem. "Any time that Netflix builds up a profit margin, the studios will simply raise their prices until that margin disappears." (more)
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  • Apr. 24, 2012, 1:04 PM
    Whitney Tilson tells CNBC he's adding to his Netflix (NFLX -13.4%) position following today's post-earnings dive. "When [a stock] gets cheaper and the story stays the same, we actually add to it," says Tilson, who was burned shorting Netflix but went long after it crashed into the 70s in October. Others clearly think Netflix's Q2 guidance and downbeat international outlook represent a story change. (more on NFLX)
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  • Apr. 24, 2012, 10:46 AM
    Netflix (NFLX -13%) remains down sharply thanks to the tepid subscriber guidance accompanying its Q1 report. Stifel thinks the guidance raises questions about the size of Netflix's market. Morgan Stanley joins Citi in questioning Netflix's 2012 subscriber forecast, and declares LinkedIn a better buy. Needham reiterates an Underperform, but is pleased content spending growth is declining, and says an upgrade could follow the release of Netflix's 10-Q. (transcript)
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  • Apr. 24, 2012, 9:00 AM
    Premarket gainers: RMBS +5%. BYD +5%. PSS +4%. BHI +4%. GRFS +4%. HSY +4%. KERX +3%. MMM +3%. SNV +3%. TXN +3%. F +3%.
    Losers: BIG -18%. NFLX -15%. RSH -10%. CXW -10%. SYMC -7%. WAT -7%. ARMH -5%. NOK -4%. RBDS -3%. COH -3%. ING -3%.
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  • Apr. 23, 2012, 7:09 PM
    Reed Hastings raises eyebrows once again during Netflix's Q1 earnings call (webcast), stating his company will try to emulate a cable network by emphasizing a small amount of exclusive content, rather than trying to build a broad library such as that offered by its DVD business. Hastings also says Netflix doesn't plan on offering tiered pricing over the near-term, but doesn't rule out the possibility over the long haul. NFLX -16.2% AH. (more)
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  • Apr. 23, 2012, 5:36 PM
    Citi's Mark Mahaney notes Netflix's (NFLX) guidance for just 200K-800K Q2 domestic streaming net adds (blamed on "seasonality") falls below a Street estimate of 1.2M, and makes the company's guidance for 7M 2012 net adds look dubious. Also likely weighing on investors' minds is Reed Hastings' assertion (.pdf) that Netflix's Latin and U.K./Ireland ops will need more than 8 quarters to "reach sustained profits." NFLX -16.4% AH. Earnings call starts at 6PM ET (webcast).
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  • Apr. 23, 2012, 4:26 PM
    Netflix's Q2 guidance: The company sees domestic streaming subs rising to just 23.6M-24.2M in Q2, and international subs to just 3.45M-4M. DVD subs are seen falling to 8.95M-9.35M. Revenue of $873M-$895M is expected for Q2, below a consensus of $897.4M. EPS of -$0.10 to $0.14 is expected, above a consensus of -$0.17. NFLX -14.2% AH. (PR - PDF) (more)
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  • Apr. 23, 2012, 4:26 PM
    More on Netflix's (NFLX) Q1: The Q1 results aren't bad, but Q2 guidance is. Domestic streaming subs rose 1.7M Q/Q in Q1 to 23.4M (guidance was for 22.8M-23.6M), streaming margin up 220 bps to 13.2%. International subs rose 1.21M to 3.07M (2.5M-3.1M expected), business lost $103M. DVD subs fell 1.08M to 10.1M (1.2M-1.8M drop expected), margin fell 680 bps to 45.6%. Free cash flow was $2M. (PR - PDF)
    | 3 Comments
  • Apr. 23, 2012, 4:08 PM
    Netflix (NFLX): Q1 EPS of -$0.08 beats by $0.19. Revenue of $870M (+28% Y/Y) in-line. Shares -14.3% AH. (PR)
    | 14 Comments
  • Apr. 23, 2012, 9:26 AM
    Netflix (NFLX), which is due to release Q1 results after the bell, is expected to report that it swung to a loss per share of 0.27 from a profit of 1.11 and that revenue climbed 21% to $868.57M. "Prepare for extreme spin," says SA author J Mintzmyer. "Netflix is dying." (previous)
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  • Apr. 23, 2012, 7:47 AM
    Raymond James analyst Aaron Kessler says sell-rated Netflix (NFLX) could stall out at 26.8M subscribers this year as competiting services cannibalize the U.S. market. The firm reports earnings tonight, with the growth rate of U.S. subscribers set to be one of the most closely-dissected metrics. Shares -1.5% premarket.
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  • Apr. 23, 2012, 12:10 AM
    Notable earnings after Monday's close: AGNC, AMP, HMA, ILMN, NFLX, STM, TXN, ZION
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  • Apr. 22, 2012, 5:35 PM
    Notable earnings after Monday's close: AGNC, AMP, HMA, ILMN, NFLX, STM, TXN, ZION
    | 1 Comment
  • Apr. 20, 2012, 5:30 PM
    Having just announced it would begin selling ads for original content, Hulu says it will add 4 new original shows: We Got Next, The Awesomes, Don't Quit Your Daydream, and Flow. Web video rivals Netflix (NFLX), Amazon (AMZN), and Yahoo (YHOO) are also stepping up their investments in original programming, to the slight consternation of studios and traditional TV networks.
    | 1 Comment
  • Apr. 20, 2012, 12:22 PM
    Wal-Mart 's (WMT) Vudu streaming rental service plans to expand overseas, sources tell Variety. A Latin American launch featuring 30 countries will reportedly be followed up by European and Asian launches later this year, with Wal-Mart hoping its retail presence and support for prepaid cards will give it an edge. Netflix (NFLX) has launched in Latin America and the U.K. over the last 12 months. (also)
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  • Apr. 19, 2012, 10:47 AM
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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