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Netflix, Inc. (NFLX)

  • Sep. 16, 2011, 10:21 AM
    Netflix (NFLX) is down another 5.4% today, as investors continue punishing the company following yesterday's subscriber guidance cut. A downgrade by Caris and a PT reduction from Oppneheimer probably aren't helping matters either. (previously)
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  • Sep. 15, 2011, 4:01 PM
    At a media conference today, Netflix (NFLX -18.9%) content chief Ted Sarandos sounded unapologetic about the company's price hike, even as shares are crushed following a weak subscriber forecast. BTIG speculates the adverse customer reaction to the hike may have affected Netflix's failed bid to hold onto Starz's library. (previously)
  • Sep. 15, 2011, 3:12 PM
    Deutsche Bank's Doug Mitchelson thinks cable and satellite providers stand to gain from Netflix's (NFLX -18.7%) woes. Mitchelson is revising his Q3 forecast for pay TV net subscriber adds from -43K to 0, thanks largely to revisions for CMCSA, TWC, and DTV. Cable providers had a difficult Q2, and debate rages on the role played by "cord-cutting."
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  • Sep. 15, 2011, 1:48 PM
    More Netflix (NFLX -18.1%) commentary: Janney reiterates a Sell, citing both a high valuation and concerns about growth, competition, and expenses; and multiple analysts think Hulu's sale will increase competitive pressures. But Merrill remains bullish, arguing Netflix's growing streaming revenue will allow it to buy more content to further differentiate its service.
  • Sep. 15, 2011, 1:36 PM
    It wasn't long ago that Netflix (NFLX -17.8%) shares actually rose following the company's controversial price hike. But following today's guidance cut and bloodletting, Street skepticism abounds. Lazard's Brian Crockett, for example, believes Netflix's subscriber weakness could extend into Q4. Meanwhile, rival CSTR is up 7.3% on the news.
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  • Sep. 15, 2011, 7:17 AM
    More from Netflix: "Despite the guidance revision, we remain convinced that the splitting of our services was the right long-term strategic choice. We know our decision to split our services has upset many of our subscribers, which we don't take lightly, but we believe this split will help us make our services better for subscribers and shareholders for years to come."
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  • Sep. 15, 2011, 7:16 AM
    Netflix (NFLX) is -4.2% premarket after lowering its Q3 U.S. subscriber growth forecast to 21.8M streaming and 14.2M DVD, from a previous (July 25) 22M and 15M.
  • Sep. 14, 2011, 2:07 PM
    Shares of Cablevision (CVC) tack on a 6.8% gain after the firm says it has agreed on a deal with Time Warner (TWX +1.1%) to allow subscribers to stream content to devices like iPhones, iPads and laptops. The move is applauded as a strategic way to increase the value of cable channels, and try to shut the door on content players like Netflix (NFLX -0.4%).
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  • Sep. 7, 2011, 4:15 PM
    A bearish note from Janney's Tony Wilbe may have helped send Netflix (NFLX -1.3%) lower today, as might have a quick remark from Citi chairman Dick Parsons suggesting he's bearish on the company. On the flip side, Wilbe's note likely boosted Dish Network (DISH +6.2%), given its speculation about Starz cutting a deal with Dish. (previously)
  • Sep. 7, 2011, 1:26 PM
    Netflix (NFLX -1.9%) is down in an otherwise up market, as its recent string of announcements (I, II) have put a sour taste in the mouths of customers and investors. The latest: new limitations on the number of concurrent streams allowed per account. "It doesn't make a lot of sense to give subscribers less at the same time that they are charging more," Wedbush's Michael Pachter says.
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  • Sep. 7, 2011, 10:56 AM
    A recent court ruling against Wal-Mart allows it to pay $27.5M in claims to Netflix (NFLX) customers in the form of Wal-Mart gift cards (on which there is prominent advertising for the retailer's video rental service Vudu). "The equivalent of a marketing campaign that costs WMT only $0.68 cents per potential customer," says Netflix, which is fighting the decision.
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  • Sep. 6, 2011, 11:57 AM
    Netflix (NFLX +1.8%), which announced yesterday it would be rolling out its Latin American and Caribbean services over the course of this week, has reached a multi-year deal with Miramax to stream films to Latin American subscribers. Both Netflix and Hulu already have deals to offer Miramax content to U.S. subscribers.
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  • Sep. 2, 2011, 3:43 PM
    Dish Network (DISH -2.4%) bounces off lows on reports that the company plans to launch a Blockbuster streaming service similar to rival Netflix (NFLX -8.3%), the timing designed to coincide with upcoming Netflix price hikes. The offering may include movies from Starz (LSTZA -1.5%), which halted negotiations with Netflix to renew its online viewing deal.
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  • Sep. 2, 2011, 2:56 PM
    BTIG's Richard Greenfield expects Netflix (NFLX -9.1%) and Starz (LSTZA -1.2%) to come back to the negotiating table and eventually sign a deal: "Why does Netflix want to let someone else have access to Starz’s unique movie content, and can anyone really pay Starz as much as Netflix... Stay tuned, we expect there is more to this story..." (earlier)
  • Sep. 2, 2011, 11:01 AM
    Goldman's Ingrid Chung makes a bull case for Netflix (NFLX -8.8%) in the wake of the Starz news. Her arguments: Starz accounts for only 8% of Netflix viewing; subscriber growth was unaffected by the loss of Sony content; Starz might come back to the table; Netflix has 6 months to find offsetting content; and the valuation is now lower. (previously)
  • Sep. 2, 2011, 10:39 AM
    Content from Starz (LSTZA -2.3%) accounts for ~8% of streaming activity for Netflix (NFLX -9.4%), and its loss could be "disastrous," Janney believes; "a loss of subs could leave NFLX struggling to pay the [$2.4B] in off balance sheet content obligations." But Caris thinks investors "should applaud NFLX for exercising a great deal of financial discipline in refusing to bend to Starz’ demand."
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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