Seeking Alpha

Netflix, Inc. (NFLX)

  • Tue, Jun. 23, 4:37 PM
    • Netflix (NASDAQ:NFLX) announces a seven-for-one stock split.
    • The development was widely anticipated after the company increased its share issuance allowance last month.
    • Shares of the streamer will begin trading at their new level on July 15.
    • NFLX +1.58% after hours
  • Mon, Jun. 22, 8:18 AM
    • BTIG Research increases the price target of Netflix (NASDAQ:NFLX) to $950 from $600 on its view the "breakdown" in the traditional media ecosystem will directly benefit the company.
    • While most upgrades on Netflix from Wall Street firms have focused on the accelerated pace of Netflix's international expansion, BTIG thinks there is also upside in the U.S. to grow substantially past 50M subscribers.
    • BTIG forecasts 140M global subscribers by 2020.
    • On the topic of profits, BTIG thinks Netflix can expand average revenue per user at scale.
    • Previously: Sky-high PT on Netflix from Oppy (Jun. 19 2015)
    • NFLX +1.45% premarket to $666.90 - a level still 42% short of the BTIG price target.
  • Wed, Jun. 10, 1:45 PM
    • Trading volume on Netflix (NFLX +4.9%) is already 3X normal activity as investors pushed the stock to fresh all-time highs before it settled back a bit.
    • Despite wide anticipation, a move by the company to increase the amount of stock it can issue has put a fresh charge into shares.
    • A new deal with Marriott International and a price target hike by UBS to $722 are also adding to the positive vibe on the streaming juggernaut.
    • NFLX hit an intra-day high of $692.79.
    • Previously: Netflix sets the table for stock split (June 9)
  • Wed, Jun. 3, 9:29 AM
    • Netflix (NASDAQ:NFLX) announces four new original series aimed at kids.
    • The animated series will debut this year and in 2016.
    • CEO Reed Hastings also reacted to a firestorm among users over advertising on the site by clarifying that only trailers for other Netflix shows will be shown.
    • "No advertising coming onto Netflix. Period," stated a Facebook post from the exec.
    • NFLX +0.33% premarket to $625.97.
  • Tue, May 19, 9:27 AM
    • Shares of Netflix (NASDAQ:NFLX) are trading at all-time highs in premarket trading with the price target bar from Wall Street getting boosted to a new level.
    • Boutique investment firm Pivotal Research set its PT on the streamer at $850 after factoring in favorable China and South Korea penetration rates.
    • A faster pace of international growth led Pivotal to move higher the EBITDA multiple it uses to extrapolate a price target.
    • Other firms have also been adjusting projections on Netflix based on the new markets it's knocking off its list.
    • Previously: Netflix +2% after report of China deal (May. 15 2015)
    • NFLX +0.64% premarket to $621.80.
  • Tue, May 5, 11:04 AM
    • Netflix (NASDAQ:NFLX) is pressing the FCC to reject the $48B merger of AT&T (NYSE:T) and DirecTV (NASDAQ:DTV), according to regulatory filings revealed today, on complaints about market power -- as the merger could "lead to its becoming the largest (Internet service provider) in the country as well" as becoming the biggest MVPD.
    • The remarks came as Netflix officials met with more than 20 FCC staff last week.
    • "Such market power creates new incentives and abilities to harm entities that AT&T perceives as competitive threats," Netflix reps said, "and will exacerbate the anticompetitive behavior in which AT&T has already engaged."
    • Netflix shares are up 3.8% today in the wake of BofA/Merrill Lynch's heavy upgrade; AT&T is down 1.2% and DirecTV is down 0.5%.
  • Tue, May 5, 7:36 AM
    • Shares of Netflix (NASDAQ:NFLX) are higher in early action after Bank of America Merrill Lynch moves its rating to Buy straight from Underperform.
    • The investment firm says a "AAA" content portfolio will extend the U.S. saturation point and support a rosy forecast for international subscriber growth.
    • BAML sees 50M international subs by 2017 and 120M subs in the long-term.
    • A price target of $722 (27% upside) is set on the streaming juggernaut.
    • NFLX +2.43% to $568.40.
  • Thu, Apr. 16, 12:45 PM
  • Thu, Apr. 16, 9:12 AM
  • Thu, Apr. 16, 7:29 AM
  • Wed, Apr. 15, 7:16 PM
    • On a Q1 earnings interview, Netflix (NASDAQ:NFLX) execs pointed to international growth to justify the market's (priced-in) expectations of 60M-90M subscribers.
    • "For most global Internet firms, the U.S. is 20%-35% of usage and revenue; we're not anywhere close to that yet but we're continuing to invest in international," CEO Reed Hastings said. U.S. membership of 41.4M makes up two-thirds of Netflix's current total subscribers.
    • On margin outperformance (U.S. contribution margin was 31.7% vs. a forecast 30.1%) : Aside from shifting marketing dollars to international, part of it is how Netflix allocates content costs by geography. "By going faster internationally ... it's gonna provide some relief to those global originals and global projects we do have that are allocated to the U.S.," CFO David Wells says. "Our target remains the same: 40% in 2020."
    • On leverage of original content: "What we're seeing is that dollars invested in our original programming are more efficient in that for every dollar spent, we get more bang for the buck in terms of hours viewed. and hours viewed leads to higher retention, more word of mouth, and more brand halo," says Chief Content Officer Ted Sarandos.
    • On the question of sports, Netflix still isn't interested: "I don't know that on-demand sports is markedly better than live sports," explains Sarandos. "The Internet TV proposition is more powerful for consumers" even if someone else, perhaps a combination of leagues, picks up the live sports part of Internet distribution, Hastings says.
    • NFLX now +11.5% after hours.
    • Previously: Netflix jumps 12.7% on strong subscription growth (Apr. 15 2015)
    • Previously: Netflix beats by $0.08, revenue in-line (Apr. 15 2015)
  • Wed, Apr. 15, 5:35 PM
  • Wed, Apr. 15, 4:18 PM
    • Netflix (NASDAQ:NFLX) is up 12.7% after hours on a Q1 report where it beat earnings expectations and pointed to total global streaming membership of 62.3M.
    • Netflix notes it added 2.3M new members, above its guidance of 1.8M, and added 2.6M new international members vs. guidance of 2.25M. Members streamed 10B hours in Q1.
    • Contribution margin for total streaming rose to 17.7% in Q1, up from a year-ago 15.6% and Q4's 13.6%. U.S. contribution margin ran to 31.7% from Q4's 28%. Content spending was lower than forecast.
    • The company expects to run ahead of U.S. margin growth of 200 bps/year in 2015 as costs are spread more globally. Netflix will shift some U.S. marketing budget to international, to play on growth opportunities.
    • Q2 forecast: 2.5M net adds (1.9M international, 0.6M in U.S.) and total streaming contribution margin of 15.4% (32% in U.S., -22.4% international).
    • CEO Reed Hastings, CFO David Wells and Chief Content Officer Ted Sarandos will do a live video interview at 6 p.m. ET, conducted by RBC's Mark Mahaney and MoffettNathanson's Michael Nathanson.
    • Q1 shareholder letter
  • Wed, Apr. 15, 4:08 PM
    • Netflix (NASDAQ:NFLX): Q1 EPS of $0.77 beats by $0.08.
    • Revenue of $1.57B (+23.6% Y/Y) in-line.
    • Shares +12.5%.
    • Press Release
  • Fri, Apr. 10, 6:59 AM
    • Citi upgrades Netflix (NASDAQ:NFLX) to a Buy rating from Neutral.
    • The investment firm likes the "reasonable" entry point at Netflix's current share price with investors getting the potential for international growth in new markets almost for free.
    • The strong content at Netflix also sets its apart from other streaming rivals, note analysts.
    • Citi fires up a price target of $525 on NFLX with a long-term upside call of $750 or higher.
    • NFLX +2.43% premarket to $450.
  • Tue, Mar. 24, 10:07 AM
    • A bullish note from Cantor Fitzgerald on Netflix (NASDAQ:NFLX) isn't going unnoticed.
    • The investment firm maintains the company is the "clear winner" of the TV unbundling trend.
    • Despite the new competition from HBO and Dish Network, the analyst team at Cantor think the scale of Netflix puts in an enviable position.
    • Bears may cringe, but Cantor likes the value proposition on NFLX.
    • Cantor takes its price target on Buy-rated Netflix to $500 from $450.
    • NFLX +2.70% to $435.61.
Visit Seeking Alpha's
NFLX vs. ETF Alternatives
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