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Netflix, Inc. (NFLX)

  • Oct. 8, 2013, 11:48 AM
    • With the government shutdown having reached day 8, many U.S. and Chinese Internet stocks that have seen giant 2013 gains (often with the help of momentum traders and/or short squeezes) are falling sharply.
    • U.S. decliners include Facebook (FB -5.2%), Yahoo (YHOO -5.2%), Netflix (NFLX -4.7%), LinkedIn (LNKD -7%), Zillow (Z -5.3%), Trulia (TRLA -7.5%), Yelp (YELP -9.3%), Groupon (GRPN -4.9%), and (WWWW -10.2%).
    • Chinese decliners include Baidu (BIDU -6.2%), Sina (SINA -7.5%), YY (YY -7.3%), Sohu (SOHU -5.1%), Renren (RENN -9.2%), Youku (YOKU -9.6%), Vipshop (VIPS -6.9%), and Dangdang (DANG -10.7%).
    • A chart of the YTD performance of some key names speaks for itself.
  • Oct. 1, 2013, 1:27 PM
    • Carl Icahn says he hasn't sold any shares of Netflix (NFLX +3.9%) just yet, but that holding on to his sizable profits isn't such a "no brainer" anymore.
    • It's a rather grounded look at Netflix with valuation seeming to be outrunning the company's ability to grow profits in an increasingly competitive streaming market.
  • Oct. 1, 2013, 8:40 AM
    • Netflix (NFLX) lands a generous price target hike from MKM Partners on its view the streaming service's international subscriber totals will surprise.
    • The investment firm's thesis on Netflix is more focused on global mass penetration than pricing in the U.S.
    • NFLX +1.9% to $315, 17.5% short of MKM's new PT of $370.
  • Sep. 23, 2013, 8:16 AM
    • Shares of Netflix (NFLX) move up in premarket trading after the company won a historic Emmy award for House of Cards.
    • Analysts think the streaming service could land more high-profile actors and directors for new original series after the distinction.
    • NFLX +1.3% to $318.29
  • Sep. 12, 2013, 10:05 AM
    • Zynga (ZNGA +2.5%) has been upgraded to Equal Weight by Evercore. The firm had been bearish on Zynga for some time.
    • Netflix (NFLX -1.6%) has been cut to Equal Weight by Morgan Stanley. BTIG downgraded shares yesterday.
    • Symantec (SYMC -0.5%) has also been cut to Equal Weight by MS.
    • Cognex (CGNX -0.9%) has been cut to Neutral by Citi. Piper upgraded shares yesterday.
    • Polycom (PLCM +1.1%) has been upgraded to Outperform by Raymond James a day after the company announced a $400M buyback.
    • Constant Contact (CTCT +2.5%) has been upgraded to Buy by Janney.
    • ASML (ASML +3.8%) has been started at Conviction Buy by Goldman. Peer ASM International (ASMI +2.5%) has been upgraded to Buy.
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  • Aug. 26, 2013, 2:32 PM
    • Short Hills Capital's Stephen Weiss: "You take a look at Tesla. You take a look at Netflix. You take a look at Green Mountain Coffee. If you've got momentum, you're going to go a lot higher." Words of wisdom, or a reason for bulls to be cautious?
    • Facebook (FB +2.3%) is adding to the gains it saw on Friday following positive numbers from comScore and ITG Research.
    • Netflix (NFLX +3%) has been lifted lately by strong ratings for Breaking Bad (first-run U.K./Ireland rights), and a major deal with The Weinstein Co.
    • There are also rumors Microsoft might try to buy Netflix to make (ex-board member) Reed Hastings Steve Ballmer's replacement, but the notion Microsoft will acquire a $16.9B company (a buyout premium could make it $20B+) just to get a new CEO should probably be taken with a spoonful of salt.
  • Jul. 23, 2013, 7:29 AM
    Cantor Fitzgerald's Youssef Squali takes some chips off the table with Netflix (NFLX), cutting to Hold amid concern with rising content and international expansion costs. The company is performing as expected, he says, but the stock - at 3.5x revenue and 40x EBITDA - has more than reflected this. Shares -5.7% premarket. Earnings last night.
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  • Jul. 22, 2013, 5:40 PM
    After-hours top gainers, as of 5:15 p.m.: ARRY +7%. SANM +5%. NAFC +4%. KCG +3%. HUN +2%.
    After-hours top losers: NFLX -6%. IAU -3%. AMSC -3%. BCRX -2%. GRMN -2%.
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  • Jul. 22, 2013, 4:04 PM
    Netflix (NFLX): Q2 EPS of $0.49 beats by $0.09. Revenue of $1.069B (+20% Y/Y) in-line. Expects Q3 EPS of $0.30-$0.56 vs. $0.45 consensus. Shares -5.6% AH. CC/video talk at 6PM ET (webcast). (shareholder letter - .pdf)
  • Jul. 22, 2013, 9:27 AM
    DreamWorks (DWA) -4.6% after Turbo bombs at the box office: the $135M film pulled in just $21.5M during its open week, making it a distant #3 behind The Conjuring and Despicable Me 2 (out for 3 weeks). Cowen thinks a write-down for the animated racing film could lower its 2013 EPS estimate for DreamWorks to $0.25 from a current $0.72 (consensus is at $0.83). A children's series based on Turbo is set to arrive on Netflix (NFLX) later this year.
  • Jun. 25, 2013, 7:24 AM
    Berstein downgrades Netflix (NFLX) to Underperform from Market Perform and sets a $180 price target on shares. The investment firm thinks the market is factoring in "unrealistic" expectations for Netflix subscriber growth. NFLX -1.8% premarket.
  • Jun. 17, 2013, 9:52 AM
    Netflix (NFLX +5.1%) roars 6% higher after news of a content deal with DreamWorks Animation breaks. Though the partnership will significantly strengthen the company's menu of children's programming including the rights to air Shrek and Kung Fu Panda series, with financial terms undisclosed there is a wildcard in the mix.
  • Jun. 17, 2013, 9:11 AM
    Premarket gainers: OSH +47%. FRO +21%. KNDI +16%. LDK +8%. MNKD +5%. AMD +5%. DVAX +5%. NFLX +5%.
    Losers: FOLD -29%. TEX -14%. MDVN -7%.
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  • Jun. 10, 2013, 9:54 AM
    An ITC administrative law judge rules Netflix (NFLX) and Roku don't infringe a Rovi (ROVI -6.6%) patent related to parental control for TV UIs; Rovi, which is likely to appeal, is diving after making fresh 52-week highs on Friday. B. Riley has cut Rovi to Neutral, stating it's "now somewhat less optimistic about Rovi’s chances of prevailing." The firm thinks deals with Netflix and Roku could respectively yield $90M/year and $10M-$20M/year in licensing fees over the next 3-5 years.
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  • Jun. 3, 2013, 12:34 PM
    Netflix (NFLX -3.4%) is seeing more profit-taking on a down day for tech. Over the weekend, SA contributor Money Investor noted the valuations being thrown around for Hulu (Bloomberg has reported of $1B+ offers) imply a major price/sales discount relative to Netflix's current valuation of 2.8x 2013E sales. One could also point out they appear to be below the $2B valuation Providence Equity obtained last fall for its 10% Hulu stake. On the other hand, Netflix has been soundly outgrowing Hulu, and its paid subscriber base is now bigger than Hulu's estimated total viewer base.
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  • May 31, 2013, 8:16 AM
    Curb your enthusiasm. That's the advice from Schaeffer's Investment Research to traders giddy over Netflix's (NFLX) inclusion in the Nasdaq 100. The track record for companies tagged for the index is spotty and Netflix's own history suggests it does just well as from the outside looking in. NFLX +1.1% premarket.
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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