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Netflix, Inc. (NFLX)

  • Oct. 12, 2011, 10:02 AM
    Shares of Coinstar (CSTR), up 3.3%, get a boost from Piper Jaffray after analysts keep an Overweight rating in place to go along with a healthy $68 price target. The firm points to data showing a nice lift to Redbox's DVD kiosk business and Web traffic after the Netflix (NFLX +3.9%) pricing debacle turned away a portion of their own customers.
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  • Oct. 11, 2011, 11:24 AM
    Netflix (NFLX -5.3%) is selling off for the second straight day - shares are now down over 9% since the company announced it would nix Qwikster. Hudson Square Research is upgrading Netflix today, but Pacific Crest is slashing its estimates, believing the video provider is suffering from "brand damage."
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  • Oct. 10, 2011, 2:05 PM
    Netflix's (NFLX -1.3%) selloff, occurring in spite of its Qwikster about-face, could have to do with fears the move was forced by growing churn. Also possibly playing a role is a downgrade by Wedbush, which thinks Netflix's actions kill the odds of an Amazon (AMZN) takeover. Though given Amazon's investments in Prime Video, it's worth asking whether a takeover was ever likely.
  • Oct. 10, 2011, 1:26 PM
    Netflix (NFLX -0.4%) shares turn red after popping nearly 10% at the open on the company's decision to scrap its disastrous Qwikster plan.
  • Oct. 10, 2011, 10:15 AM
    Morgan Stanley and Piper Jaffray voice their approval of Netflix's (NFLX +5.7%) about-face on Qwikster. Morgan notes the move allows Netflix to continue "leveraging one of its most powerful assets, its cross-platform recommendation algorithm." Piper calls the move "a step in the right direction," but says it may be a sign Netflix is worried about rising churn.
  • Oct. 10, 2011, 9:00 AM
    Premarket gainers: CPX +50%. NFLX +10%. TSL +6%. CLWR +5%. E +5%. NOK +4%. LVLT +4%. MT +4%. TOT +4%. RIO +4%. ARMH +4%. MU +4%. SNY +4%. MPEL +4%. RDS +4%. YRCW +3%. BAC +3%. IRE +3%. UBS +3%. DB +3%. MS +2%. SD +3%. YHOO +3%. AA +3%. FCX +3%. C +3%. MGM +3%. NVS +3%. AKS +3%. JPM +3%. AMD +3%.
    Losers: SPN -7%. NBG -5%. S -5%.
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  • Oct. 10, 2011, 8:24 AM
    Netflix (NFLX) shares +10% premarket on news the company is nixing Qwikster. "One website, one account, one password ... in other words, no Qwikster," writes CEO Reed Hastings on the company's blog.
  • Oct. 7, 2011, 3:13 PM
    IHS estimates U.S. sales of DVD and Blu-Ray titles fell 14% in 1H '11, to $3.96B. Though hopeful 2H sales will be better, the slow adoption of Blu-Ray is proving a handicap for studios such as DIS, TWX, LGF, and MGM, and increasing the appeal of online distributors such as NFLX and AMZN as a way to monetize content.
  • Oct. 7, 2011, 11:57 AM
    Netflix (NFLX -4%) and AMC Networks (AMCX +2%) have struck a multi-year deal granting Netflix exclusive distribution rights to The Walking Dead, and non-exclusive rights to other shows. AMC is rising on the news, but Netflix is selling off today, as Caris raises concerns about the potential renegotiation of a licensing deal with EPIX.
  • Oct. 3, 2011, 4:53 PM
    Netflix's (NFLX) content chief claims 50% of all its streaming - and sometimes 60% - now involves TV shows. Though Netflix's movie licensing efforts have at best been a mixed bag as of late (I, II), it's had more luck on the TV show licensing front, as studios turn to Netflix to monetize older shows producing relatively little revenue.
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  • Oct. 3, 2011, 11:15 AM
    Morgan Stanley sees the recent sharp selloff in Netflix (NFLX +4.1%) making a "much more compelling" valuation, plus an earnings call that could bring a positive surprise on subscriber guidance. Also, producers of cult TV comedy "Arrested Development" reportedly are in talks with Netflix about distributing some new episodes that would serve as a prelude to a movie.
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  • Oct. 2, 2011, 6:41 AM
    Citigroup (C) joins Bank of America (BAC), notifying its banking customers they will be subject to fees unless they maintain sharply higher balances. The big banks are "playing with their futures," says a banking consultant, reminding of the recent example of Netflix (NFLX). "When you become arrogant and start acting like a monopoly, it will come back to haunt you."
  • Sep. 29, 2011, 3:54 PM
    Netflix's (NFLX -11%) massive selloff today has plenty of investors baffled. But ever-bearish Tony Wible believes it has much to do with investors realizing the unlikelihood of an Amazon (AMZN) acquisition, as well as a general fear of subscriber losses. Wible also thinks Amazon is just one of many competitors that will go after Netflix via subsidized pricing.
  • Sep. 29, 2011, 2:15 PM
    New pessimism surrounding China may be helping to sink stocks, as the Dow and S&P join Nasdaq in the red. Two key movers: The Justice Department is investigating U.S.-traded Chinese stocks, and investors expect growth in China to fall below 5% within five years. Techs have been down big all day, dragged lower by AMD -16.3%, NFLX -13.9%.
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  • Sep. 29, 2011, 12:03 PM
    Big tech momentum names are down in big chunks without much news to explain it, but Mark Gongloff tries: "Are hedge funds dumping to raise cash, or are portfolio managers doing some quarter-end shuffling? Maybe a bit of both." Netflix (NFLX -8.9%) continues its beatdown, now -49% this month. AAPL -0.5%, AMZN -1.9%, PCLN -3.9%, BIDU -6.5%.
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  • Sep. 29, 2011, 10:37 AM
    It's still a momentum trade - to the downside. Netflix (NFLX -8.8%) sinks on no fresh news, but shares broke through $125 yesterday so now people want to dump them. Competition hurts: Amazon’s (AMZN) new Kindle will let users stream movies, and Microsoft (MSFT) will get some pay TV content from Comcast (CMCSA) and Verizon (VZ) streamed to its Xbox Live.
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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