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Netflix, Inc. (NFLX)

  • Nov. 29, 2011, 11:54 AM
    A law passed in the wake of Supreme Court nominee Robert Bork's failed attempt to land on the high court astonishingly gets in the way of allowing Netflix (NFLX -5.1%) to publicize its service over 20 years later. After Bork's video rental records became public fodder, the Video Privacy Protection Act was enacted requiring written permission for firms to share video records. For Netflix and other media companies, the law takes away a free advertising tool of enabling users to share movies picks with Facebook friends or via Twitter with a single click.
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  • Nov. 29, 2011, 11:01 AM
    Following a short-lived runup yesterday, Netflix (NFLX -5.1%) does an about-face and continues its descent after S&P cuts its already junk-grade credit rating by another notch to BB- late Monday. The ratings agency says the company's aggressive expansion plans are likely to hurt its profitability as its subscriber growth decelerates.
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  • Nov. 28, 2011, 8:48 AM
    Netflix (NFLX) +5.3% premarket after a Barron's weekend article highlights Whitney Tilson's change of heart: The stock could become "the BP of 2011," he says, with a price that could double in a few months and whose downside is low. Shares are upgraded to Neutral from Negative at Susquehanna.
  • Nov. 25, 2011, 12:20 PM
    Internet stocks are selling off, with Netflix (NFLX -6.6%), LinkedIn (LNKD -3.8%), and Groupon (GRPN -4.3%) all adding to their recent bloodletting. Amazon (AMZN -3.8%) and eBay (EBAY -1.3%) are also moving lower, in spite of positive Thanksgiving e-commerce data.
  • Nov. 23, 2011, 3:58 PM
    Investors usually cheer when a tech company announces a stock buyback, but does that mean they're always good ideas? Netflix (NFLX), which bought shares at much higher prices than the price it now plans to issue them at, is an egregious example of a misguided buyback, but others also exist. H-P (HPQ), for example, might not be contending with balance sheet concerns if not for its billions in buybacks.
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  • Nov. 22, 2011, 2:54 PM
    "It is irritating to see a company we own issuing stock at 1/3 the price at which it was buying it only months ago," says Whitney Tilson, voicing thoughts likely going through many Netflix (NFLX -4.9%) investors' minds. Tilson's post-crash purchase of Netflix was looking smart for a while, but its recent selloff has wiped out his gains, and then some. (more)
  • Nov. 22, 2011, 11:16 AM
    Netflix (NFLX -2.9%) continues trading lower after proposing $400M in bond/stock sales, and warning of a 2012 loss. Morgan Stanley expects shares to remain "volatile and range-bound" until more clarity is provided on the ROI Netflix will achieve from its investments, while Morgan Keegan is worried about the potential for additional downside risk to Q4 subscriber estimates.
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  • Nov. 22, 2011, 9:00 AM
    Premarket gainers: LNG +11%. BRCD +6%. FMCN +4%.
    Losers: FRO -39%. FIO -11%. JASO -9%. ALU -8%. PSS -8%. NFLX -6%. LYG -5%. STM -4%. NOK -4%. DB -4%. BBVA -3%. NBG -3%. ING -3%.
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  • Nov. 22, 2011, 5:56 AM
    Tucked away in Netflix's (NFLX) prospectus for its latest $400M bond and stock offering, the company says it expects to make a net loss in 2012. As Henry Blodget points out, Netflix had previously said it might lose money for the first few quarters of 2012, "so this is change." Still, at least subscriber cancellations are falling.
  • Nov. 21, 2011, 5:28 PM
    Netflix (NFLX) is down 6% AH after declaring in an 8-K it's selling $200M of zero coupon convertible notes to VC firm TCV, at a conversion price of $85.80/share (60% less than what Netflix traded at 3 months ago). As part of the deal, TCV gains the right to nominate a candidate to Netflix's board. The deal is likely raising fears about Netflix's cash burn, given shrinking margins and rising content costs. (earlier) Update: Netflix will also be issuing $200M in stock to other parties as part of the deal.
  • Nov. 14, 2011, 7:17 AM
    Netflix (NFLX) adds to its arsenal of movies that will be available when it launches service in the U.K. and Ireland in early 2012 with a multi-year licensing agreement with Lionsgate U.K. The move continues the steady stream of content deals (I, II) locked up by the firm.
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  • Nov. 11, 2011, 8:00 AM
    Sun Microsystems co-founder Andy Bechtolsheim thinks Amazon's (AMZN) fast-growing web services division (AWS), together with quality open-source software, has created a more level playing field for startups relative to incumbents. AWS' low costs and scalability have led even larger firms such as Netflix (NFLX) to stay loyal, rather than build out their own infrastructure.
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  • Nov. 9, 2011, 5:28 PM
    UBS refreshes its list of 15 most shorted stocks based on the highest concentration of its clients. Blue chips Johnson & Johnson (JNJ) and Citigroup (C) are newcomers to the list. Others: AET, LEN, PANL, NFLX, GMCR, ESRX, CMG, CRM, KMX, LLTC, AMZN, VZ.
  • Nov. 9, 2011, 9:49 AM
    Dreamworks (DWA -5.6%) is downgraded to Sell from Neutral at Janney with a lowered price target of $12, based on disappointing early results from its Puss in Boots movie, potential cannibalization from its Netflix (NFLX) deal, and declining DVD sales. The Street is too optimistic about the rebound in Puss In Boots, and Janney questions the prospects of upcoming films.
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  • Nov. 8, 2011, 11:46 AM
    Online video still has plenty of growth left: research firm IDATE expects the market's global revenues to grow to $29.9B in 2015 from $6.5B in 2010, a CAGR of 28%. Both advertising - the primary revenue source for YouTube (GOOG) and Hulu - and customer purchases/subscriptions - the main revenue source for Apple (AAPL) and Netflix (NFLX) - are expected to grow at a healthy clip.
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  • Nov. 7, 2011, 7:59 AM
    Netflix (NFLX) and MGM Studios have agreed to a multi-year licensing deal that will makes Netflix the exclusive provider of most first-run MGM feature films in the U.K. and Ireland. The agreement comes six weeks after an exclusive distribution deal was struck with DreamWorks (DWA).
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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