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Netflix, Inc. (NFLX)

  • Dec. 13, 2011, 9:04 AM
    Netflix (NFLX) gives up sharp premarket gains after CNBC's David Faber takes to twitter saying his sources claim no one at Verizon (VZ) has ever discussed buying Netflix with anyone. Shares are -1.1% after being up 5%.
  • Dec. 13, 2011, 8:42 AM
    Netflix (NFLX) sees continued strength, +4.1% premarket, following continued reports discussing M&A speculation and potential partnerships. “With Verizon, [Reed] Hastings would get a lot broader distribution and global reach,” one source says. Any of the major content companies - perhaps except Time Warner, which has its own HBO Go streaming service - also could want to hook up with NFLX.
  • Dec. 12, 2011, 10:43 AM
    Netflix (NFLX +7.3%) is soaring on market chatter of Amazon (AMZN) and/or Verizon (VZ) making a play for the company. "I doubt it," tweets one of Seeking Alpha's Netflix watchers, Rocco Pendola.
  • Dec. 6, 2011, 3:29 PM
    Verizon (VZ +1.2%) plans to launch a stand-alone service allowing customers to stream movies and television shows over the Internet, in a new challenge to Netflix (NFLX -1.9%) and traditional cable TV, Reuters reports. VZ is talking with prospective programming partners about the service, which could be launched in 2012.
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  • Nov. 30, 2011, 2:47 PM
    Adding to Netflix's (NFLX -5.6%) woes today could be a Bernstein note suggesting cable operators such as CHTR and TWC might respond to the heavy bandwidth usage of Netflix customers by implementing usage-based Internet access billing. Bandwidth expenses only represent a small portion of broadband ISPs' operating costs, but they could prove a good excuse to make life more difficult for a competitor. (earlier)
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  • Nov. 30, 2011, 9:56 AM
    Netflix (NFLX -3.1%) sees more selling pressure following a downgrade to Underperform from Wedbush. "The company's business model was broken when it raised prices," Wedbush claims, "and continued customer defections will require it to invest ever increasing amounts on marketing." It also forecasts Netflix's streaming content costs will rise to $1.7B in 2012, from $800M in 2011. (previously)
  • Nov. 29, 2011, 2:11 PM
    Canaccord's Jeff Rath follows up on S&P's downgrade of Netflix (NFLX -3.3%) by reiterating a Sell on the company, arguing the company's massive capital needs will continue weighing on shares. Rath thinks losses for Netflix's international operations could exceed $100M in Q1 alone, and content purchase costs will exceed the amortization expenses reported on Netflix's income statement.
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  • 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.
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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