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Netflix, Inc. (NFLX)

  • Nov. 29, 2011, 11:01 AM
    Following a short-lived runup yesterday, Netflix (NFLX -5.1%) does an about-face and continues its descent after S&P cuts its already junk-grade credit rating by another notch to BB- late Monday. The ratings agency says the company's aggressive expansion plans are likely to hurt its profitability as its subscriber growth decelerates.
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  • Nov. 28, 2011, 8:48 AM
    Netflix (NFLX) +5.3% premarket after a Barron's weekend article highlights Whitney Tilson's change of heart: The stock could become "the BP of 2011," he says, with a price that could double in a few months and whose downside is low. Shares are upgraded to Neutral from Negative at Susquehanna.
  • Nov. 25, 2011, 12:20 PM
    Internet stocks are selling off, with Netflix (NFLX -6.6%), LinkedIn (LNKD -3.8%), and Groupon (GRPN -4.3%) all adding to their recent bloodletting. Amazon (AMZN -3.8%) and eBay (EBAY -1.3%) are also moving lower, in spite of positive Thanksgiving e-commerce data.
  • Nov. 22, 2011, 11:16 AM
    Netflix (NFLX -2.9%) continues trading lower after proposing $400M in bond/stock sales, and warning of a 2012 loss. Morgan Stanley expects shares to remain "volatile and range-bound" until more clarity is provided on the ROI Netflix will achieve from its investments, while Morgan Keegan is worried about the potential for additional downside risk to Q4 subscriber estimates.
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  • Nov. 22, 2011, 9:00 AM
    Premarket gainers: LNG +11%. BRCD +6%. FMCN +4%.
    Losers: FRO -39%. FIO -11%. JASO -9%. ALU -8%. PSS -8%. NFLX -6%. LYG -5%. STM -4%. NOK -4%. DB -4%. BBVA -3%. NBG -3%. ING -3%.
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  • Nov. 21, 2011, 5:28 PM
    Netflix (NFLX) is down 6% AH after declaring in an 8-K it's selling $200M of zero coupon convertible notes to VC firm TCV, at a conversion price of $85.80/share (60% less than what Netflix traded at 3 months ago). As part of the deal, TCV gains the right to nominate a candidate to Netflix's board. The deal is likely raising fears about Netflix's cash burn, given shrinking margins and rising content costs. (earlier) Update: Netflix will also be issuing $200M in stock to other parties as part of the deal.
  • Nov. 9, 2011, 9:49 AM
    Dreamworks (DWA -5.6%) is downgraded to Sell from Neutral at Janney with a lowered price target of $12, based on disappointing early results from its Puss in Boots movie, potential cannibalization from its Netflix (NFLX) deal, and declining DVD sales. The Street is too optimistic about the rebound in Puss In Boots, and Janney questions the prospects of upcoming films.
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  • Nov. 2, 2011, 3:10 PM
    Discovery Communications (DISCA) is up 3.2% following yesterday's Q3 beat and guidance hike, fueled in part by the revenue obtained from its licensing deal with Netflix (NFLX). UBS estimates the Netflix deal padded Discovery's OIBDA by $0.11/share, and will boost Discovery's U.S. distribution revenue growth by 200-300 bps over the next 7 quarters. (transcript)
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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.
  • 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%.
  • 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.
  • 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."
  • 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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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