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Netflix, Inc. (NFLX)

  • 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, 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, 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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  • 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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  • Sep. 28, 2011, 1:53 PM
    Shares of DirecTV (DTV +1.4%) get a lift from JPMorgan with an Overweight rating, as the firm takes a dimmer view of rival Dish Network (DISH -1.5%). Analysts initiate DISH with a Neutral rating, remaining unimpressed with its new Movie Pass promotion seen by the company as a Netflix (NFLX -0.2%)-killer. "We don't believe the service poses a compelling alternative to broadly compete with Netflix at this point."
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  • Sep. 28, 2011, 10:53 AM
    Netflix (NFLX +2.5%) shares move higher, attributed to comments from Piper Jaffray suggesting subscriber cancellations are moderating: "While we continue to expect elevated churn over the next few quarters, the risk of a mass exodus appears to be moderating" following its latest survey. Piper sets a $300 price target on the shares.
  • Sep. 26, 2011, 9:13 AM
    Netflix (NFLX) is up 4% premarket following its deal with DWA. Shares are also getting a boost from an upgrade to Buy from Merriman's Eric Wold. Wold thinks Netflix's near-term problems are "more than reflected" in its valuation, now that shares have fallen 55% since his July 6 downgrade, and he's still bullish on the company's positioning and long-term potential.
  • Sep. 26, 2011, 9:00 AM
    Premarket gainers: MELA +109%. OMEX +13%. CTIC +7%. DB +7%. ING +7%. BCS +6%. DANG +6%. LYG +5%. AEG +4%. NFLX +4%. PT +4%. AMD +4%. NOK +4%. CS +4%. CCL +3%. YRCW +3%. ALU +3%. MT +3%. TOT +3%. AKS +3%. IHG +3%. X +3%.
    Losers: EK -17%. CLX -6%. SPIL -3%. SLW -3%.
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  • Sep. 23, 2011, 2:05 PM
    Dish Network (DISH +4.6%) unveils its Blockbuster Movie Pass, a bundled combination of streaming video, DVDs by mail and satellite subscription service. Netflix (NFLX +1.7%) may be relieved that the service for now is being bundled specifically for Dish Network satellite customers, rather than as a stand-alone streaming service.
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  • Sep. 23, 2011, 2:00 PM
    After rallying on Netflix's (NFLX) guidance cut, Coinstar (CSTR) fell hard this week on worries about a massive hike in the fees it pays to Visa (V) for debit transactions. But shares are up 5.5% today after D.A. Davidson's John Kraft comes to Coinstar's defense, arguing the company has options for offsetting the higher fees.
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  • Sep. 22, 2011, 2:30 PM
    Mark Zuckerberg uses Facebook's f8 conference to unveil a revamped profile view, and an anticipated media sharing platform. He also adds that 500M of Facebook 750M+ registered users logged on to the site in a single day last week. Meanwhile, Netflix's (NFLX +0.3%) Reed Hastings is announcing a Facebook integration deal.
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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