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Netflix, Inc. (NFLX)

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  • Oct. 28, 2011, 3:06 PM
    Coinstar (CSTR -7.6%) remains down sharply, as concerns about its price hike outweigh the company's Q3 beat and healthy Q4 guidance. But Netflix (NFLX +3.2%) is getting a much-needed boost from Coinstar's move, as well as from a bullish note by Oppenheimer.
    | 2 Comments
  • Oct. 27, 2011, 3:24 PM
    Coinstar (CSTR -2.2%) shares take a quick dive on word that some of the largest movie studios are considering placing a 60-day delay on DVD rentals in order to boost sales. The current delay is 28 days. NFLX +2.3%.
    | 2 Comments
  • Oct. 26, 2011, 1:27 PM
    The "MoMo Massacre" resembles a classic slasher pic, writes Kid Dynamite, where the characters get killed off one by one. Starting with OPEN and RIMM, continuing through to GMCR, FSLR, and NFLX, and now AMZN. We know how the sequels go, so those remaining - AAPL, CMG, PCLN - don't go outside to check on that odd noise.
    | 12 Comments
  • Oct. 25, 2011, 3:59 PM
    The day's biggest loser? No, not Neflix (NFLX -34.3%)... it's Healthways (HWAY -44%), which posts its worst-ever share price loss after disclosing its top customer, Cigna (CI), will allow its contract with the company to wind down ahead of expiration. The Cigna loss, while hitting revenues only by 15%, impacts earnings by up to 60%, Piper Jaffray says, seeing no EPS growth for two years.
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  • Oct. 25, 2011, 9:54 AM
    Netflix (NFLX -37%) may be experiencing what Susquehanna calls a "nuclear winter" but Barclays and Oppenheimer retain their optimism. Unlike others, both are encouraged by Netflix's international expansion, and Oppenheimer reckons the "Q4 guidance should mark the end of this ugly episode."
    | 3 Comments
  • 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)
    | 1 Comment
  • 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.
    | 1 Comment
  • 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).
    | 16 Comments
  • 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)
    | 1 Comment
  • 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)
    | 15 Comments
  • 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)
    | 5 Comments
  • 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.
    | 1 Comment
  • 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%.
    | 7 Comments
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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