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Netflix, Inc. (NFLX)

  • Oct. 25, 2011, 9:09 AM
    In spite of less-than-perfect timing, Goldman is giving up on Netflix (NFLX) following its Q3 disaster, downgrading shares to Neutral on weak EPS visibility, concerns about the U.K. expansion, and management's unwillingness to make amends for its price hike. Jefferies (Hold) and Needham (Underperform) are also downbeat. NFLX -36.6% premarket. (more) (transcript)
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  • Oct. 25, 2011, 9:00 AM
    Premarket gainers: DGX +9%. FTNT +8%. AEZS +7%. INVE +6%. CTIC +5%. XRX +4%. BP +4%. JASO +3%. EK +3%.
    Losers: NFLX -36%. HWAY -33%. MMM -7%. STM -6%. AKS -6%. CMI -6%. CUBE -6%. VE -6%. HGSI -4%. NVS -4%. PHG -4%. UA -3%. NBG -3%. BHP -3%.
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  • Oct. 25, 2011, 7:44 AM
    Netflix (NFLX) is down 36.6% premarket, after its Q3 report (I, II, III, IV) makes clear the full impact of its moves. During Netflix's CC, Reed Hastings lamented the creation of Qwikster, but was still unrepentant about the price hike that's the source of most consumer angst. A $1.2B increase in Netflix's streaming commitments, to $3.5B, might also be unsettling investors.
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  • Oct. 24, 2011, 4:35 PM
    Netflix (NFLX): "We used $39.6M in Q3 to repurchase 182K shares at an average cost basis of $218." The stock closed at $118.84 today ($93.86 in AH trade).
  • Oct. 24, 2011, 4:29 PM
    Also in Netflix's (NFLX) Q3 report: Only 7% of new subscribers opt for both streaming and DVD plans. Nonetheless, CEO Reed Hastings says "if we were going to lower prices, we would do it on streaming." Netflix expects a Q4 "contributing margin" of just 8% for its domestic streaming business, due to higher content spending. NFLX -20.9% AH. (.pdf)
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  • Oct. 24, 2011, 4:17 PM
    More on Netflix's (NFLX) Q3: Total U.S. subscribers declined by 810K, international subs grew by 510K. 20M-21.5M U.S. streaming subs expected in Q4, compared with 21.45M in Q3. U.S. DVD subs expected to fall to 10.3M-11.3M from Q3's 13.9M. International subs expected to grow to 1.6M-2M from Q3's 1.48M. NFLX -18.5% AH. (.pdf)
  • Oct. 24, 2011, 4:09 PM
    Netflix (NFLX): Q3 EPS of $1.16 beats by $0.21. Revenue of $822M (+ 49% Y/Y) beats by $10.2M. Company forecasts Q4 EPS of $0.36-$0.70, below a $1.09 consensus. NFLX -14.6% AH. (.pdf)
  • Oct. 24, 2011, 1:47 PM
    CBS (CBS +3.4%) will grow EPS from 2010-15 by 25% annually, Morgan Stanley says, retaining it as a top pick among entertainment stocks, although shares do not reflect an anticipated recession in 2012. A decline in ad growth should be offset by revenues CBS will rake in from online video providers such as Netflix (NFLX) and Amazon (AMZN).
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  • Oct. 14, 2011, 9:15 AM
    Premarket gainers: CLWR +10%. GOOG +8%. S +8%. OPK +7%. GLUU +7%. HOV +6%. SWKS +6%. ADBE +5%. BIDU +5%. ERIC +5%. GMCR +5%. ALU +5%. COOL +4%. AMR +4%. RFMD +4%. RENN +4%. SOL +4%. TQNT +4%. HAL +4%. WLT +4%. MT +4%. FCX +4%. SINA +3%. AONE +3%. SIRI +3%. UN +3%. ING +3%. NFLX +3%. MU +3%. F +3%.
    Losers: DEPO -24%. NCMI -23%. AVII -4%. MAT -3%.
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  • Oct. 14, 2011, 8:40 AM
    A number of Internet stocks are trading higher premarket following Google's (GOOG) Q3 report, which featured encouraging paid click data. AMZN +1.5%. BIDU +4%. OPEN +3%. EBAY +1.6%. NFLX +2%. Netflix could also be getting a lift from the cancellation of rival Hulu's sale.
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  • Oct. 13, 2011, 11:16 AM
    Netflix (NFLX) announces a four-year deal with CBS and Warner Bros. (TWX) to stream CW network series, particularly including Gossip Girl, 90210 and One Tree Hill. Shares up 3.7%.
  • 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.
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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