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Netflix, Inc. (NFLX)

  • Apr. 22, 2013, 4:08 PM
    Netflix (NFLX): Q1 EPS of $0.31 beats by $0.13. Revenue of $1.02B (+17% Y/Y) in-line. Shares +17% AH. (PR)
  • Apr. 22, 2013, 10:18 AM
    An upgrade to Neutral from B. Riley helps Netflix (NFLX +3.1%) rally ahead of today's Q1 report; the firm cites the 17% drop seen in shares over the last month as a reason for changing its stance. It's worth noting B. Riley cut Netflix to Sell on July 25, 2012, as shares got crushed thanks to poor Q3 guidance. Netflix closed that day at $60.28, 64% below its current price. (earlier)
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  • Apr. 19, 2013, 12:04 PM
    An upgrade to Accumulate from National Alliance Capital helps Netflix (NFLX +1.9%) add to this year's big gains. The firm predicts Netflix "will continue to grow subscribers at an accelerated rate." National Alliance upgraded LinkedIn, another Internet high-flyer, earlier this week.
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  • Apr. 15, 2013, 9:55 AM
    BTIG's Richard Greenfield, bane of Facebook and Pandora bulls, has started coverage on Netflix (NFLX +2.6%) with a Buy and $250 PT. Greenfield expects Netflix's value proposition and original content to "drive better than expected subscriber growth and moderate churn." He also declares Netflix's content expenses to be "sufficiently high," leading to operating leverage for future revenue growth. Wouldn't it have been better to make this thesis 3 months ago? (Goldman) (Evercore)
  • Apr. 11, 2013, 5:36 PM
    After-hours top gainers, as of 5:15 p.m.: ASH +6%. NFLX +3%. TLAB +2%. PCYG +2%. HBI +2%.
    After-hours top losers: HRS -7%. SBY -3%. JBHT -3%. KRO -2%. CMRX -2%.
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  • Apr. 11, 2013, 5:00 PM
    That was quick: Shortly after Netflix (NFLX) disclosed it may share company info via Facebook/Twitter, Reed Hastings has used his Facebook page to boast Netflix streamed 4B hours of video over the last 3 months. The July '12 Facebook post that (temporarily) got Hastings in hot water with the SEC bragged of 1B hours in the month of June. Shares +3.2% AH.
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  • Apr. 11, 2013, 9:51 AM
    Goldman's Heath Terry has raised hit PT on Netflix (NFLX +2.9%) to $184 from $125, albeit while reiterating a Neutral. "We believe the addressable market of subscribers is better defined by the number of "connected consumers" than households," says Terry, who thinks Netflix's domestic streaming sub base will grow to 53M in 5 years from a current 22.8M. He's lowering his 2013 EPS estimate, but significantly raising his 2014 and 2015 estimates. Yesterday, Evercore launched coverage with an Underperform. (Pac Crest)
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  • Apr. 10, 2013, 12:27 PM
    Netflix (NFLX -0.4%) underperforms after Evercore starts coverage with an Underweight and $115 PT. The firm thinks the launch of Intel's Web TV service will lead to higher programming costs and less pricing power. Intel's service is being pitched as an alternative to traditional pay-TV services rather than a direct Netflix rival, and will undoubtedly cost much more than the $8/month charged for Netflix.
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  • Apr. 3, 2013, 11:15 AM
    Shares of Netflix (NFLX -5.4%) cut their daily loss after Carl Icahn tells CNBC he hasn't sold a single share since buying. It's a nice bit of news for investors with Icahn sitting on substantial profits from his NFLX bet.
  • Apr. 3, 2013, 10:29 AM
    Shares of Netflix (NFLX -5.9%) turn lower on heavy volume. CEO Reed Hastings didn't post anything negative on Facebook - although the SEC says it's now OK if he wants to use social media to make announcements - instead the breakdown is being attributed to technical and momentum factors.
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  • Mar. 26, 2013, 10:34 AM
    Citing "increased margin and subscriber assumptions," Pac Crest's Andy Hargreaves is raising his PT for Netflix (NFLX +3.9%) to $225 from $160. "Netflix's huge database of subscriber viewing habits should allow it to invest in original content where it will be most effective, while purchasing third-party content across an array of genres." Netflix execs have long talked up the company's use of data to make content decisions. Hargreaves sees Netflix having 36M U.S. streaming subs at the end of 2015, up from 27.2M at the end of 2012. (previous)
  • Mar. 11, 2013, 10:04 AM
    Netflix (NFLX -1.4%) slips with rumors of new original content from streaming rivals sitting in the background. The move could be overblown given the company is an early adopter on programming and has a well-received hit on its hands with House of Cards. On the other hand, with shares up 97% YTD, the need to blow off a little steam isn't unfathomable.
  • Feb. 22, 2013, 10:07 AM
    Netflix's (NFLX -3.1%) Q1 sales are tracking to $870M-$875M, slightly below a consensus of $877M, says ITG Research; the firm adds the positive reception to House of Cards could lead trends to improve. ITG's comments are producing a moderate selloff in Netflix, which remains up over 3x since October.
  • Feb. 13, 2013, 8:46 AM
    Shares of Netflix (NFLX) have more room to run, according to JPMorgan. The firm takes its price target up to $206 from $180 and backs the Overweight rating on the stock it has lined up. NFLX +1.7% premarket to $181.01.
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  • Feb. 12, 2013, 9:29 AM
    News of a fresh original content series on Netflix (NFLX) is good enough to help drive up shares 2.1% in premarket action. The quick analyst take: After striking an expensive content deal with Disney for movies and TV shows, the family-focused stable of content at Netflix will now be strong enough to draw in a new demographic of subscribers and could help its churn rate.
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  • Feb. 11, 2013, 1:45 PM
    Netflix (NFLX -2.8%) gives back some of last week's gains after Sony (SNE +0.5%) extends its movie-licensing deal with Starz (STRZA +8.1%) to 2021. Stifel thinks the deal is likely in the $300M/year range, on par with the recent Netflix-Disney deal. With Starz having ended its relationship with Netflix specifically to keep its pay-TV industry customers happy, the odds of its content re-appearing on Netflix anytime soon are slim.
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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