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Stock Market & Financial Investment News

News For NFLX From The Last 14 Days
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April 15, 2015
16:16 EDTNFLXNetflix sees shifting some U.S. marketing budget to international in Q2
Netflix stated in its Q1 investor letter: "In 2015, we expect to run ahead of our US contribution margin growth target of 200 bps/year on average because a greater share of global and original content costs will be absorbed by existing and new international territories as we continue to expand globally, since we allocate global content costs by geography. In addition, starting in Q2 we intend to shift some of our US marketing budget to international to take advantage of the substantial available growth opportunities. This, in the short term, drives down international contribution profits and drives up US contribution profits. We are still targeting 40% contribution margin in the US in 2020."
16:12 EDTNFLXNetflix jumps 12.5% to $534.88 after Q1 member additions top forecast
16:11 EDTNFLXNetflix sees recommending stock split to board
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16:10 EDTNFLXNetflix sees Q2 net additions of 2.5M members
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16:08 EDTNFLXNetflix reports adding 2.3M new members in U.S. in Q1
In the U.S., Netflix gained 2.3M new members, "well above" its expectation of 1.8M due to both acquiring and retaining more members than forecast. Internationally, it added 2.6M members versus a forecast of 2.25M due to stronger growth than expected across a number of markets. "We think strong US growth benefited from our ever-improving content, including the launch of the third season of House of Cards and new shows Unbreakable Kimmy Schmidt and Bloodline," the company said.
16:07 EDTNFLXNetflix reports 4.9M members added in Q1
Netflix said it added a record 4.9M new members globally in Q1, against its forecast of 4.1M and prior year of 4.0M, bringing its total global streaming membership to 62.3M.
16:05 EDTNFLXNetflix sees Q2 EPS 26c, consensus 90c
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16:05 EDTNFLXNetflix reports Q1 EPS 38c, consensus 69c
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14:34 EDTNFLXNetflix April 475 straddle priced for 9.4% movement into Q1
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13:53 EDTNFLXNetflix April volatility elevated into Q1 and outlook
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13:18 EDTNFLXNetflix technical commentary ahead of earnings
Ahead of results the stock is trading relatively close, on a percentage basis, to its 52-week high and life high at $489.28. The technical disposition of the stock has always been somewhat problematic given the large number of discontinuities, gaps, on the chart. Despite an extreme valuation, sentiment in the stock has not wavered from strongly bullish, leaving the more than 8.5% of shares short in the float vulnerable to squeezes. That in large measure has been the source of the discontinuities on the chart. In the past few months the stock has largely traded in a wide range of $400 at the low and $480 at the high. Breaks of either end of this range are likely to determine how shares trade post-earnings. On a move above $480 and the life high at $489.29 there is no resistance. If the upward trend from April 2013 until early March 2014 is projected forward in time, a price objective of $560 might be possible on very bullish news or outlook. But the move could be even stronger than that based on previous extreme reactions to earnings news. If the news disappoints with a bearish outlook relative to very high expectations in the name, the low at $400 could easily be tested. Below that support, the next downside objective could be at the $380 to $375 area. This has previously been a zone of support and resistance. A move to these levels would break the long-term uptrend which has paused for the last 13 months. A slow migration down to the $300 area might then be possible over time. That level has previously been important support for the stock. It along with the $480 level constitutes a large scale rectangle of a trading range from March 2014 onward which is best seen on a 5-year chart.
12:39 EDTNFLXEarnings Watch: Netflix shares trading up 35% since last earnings report
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09:35 EDTNFLXActive equity options trading on open
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09:03 EDTNFLXNetflix collaborates with Silverback Films and WWF for 'Our Planet'
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April 14, 2015
16:00 EDTNFLXOptions Update; April 14, 2015
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09:35 EDTNFLXActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
09:11 EDTNFLXDISH says Netflix now availble to Joey clients
DISH (DISH) announced that it began making Netflix (NFLX) available on Hopper’s accompanying Joey units for second, third and fourth-room viewing. With this update, DISH becomes the first major U.S. pay-TV provider to offer its customers a whole-home Netflix experience, the company said. The Joey launch follows the launch of the Netflix app on its second-generation Hopper DVR in December, DISH noted. DISH also said it became the first pay-TV provider to offer Vevo, which gives customers access to more than 140,000 music videos from their TV. The new Vevo app begins rolling out to DISH’s second-generation Hopper today.
08:57 EDTNFLXNetflix price target raised to $530 from $450 at Canaccord
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08:18 EDTNFLXNetflix April volatility elevated into Q1 and outlook
Netflix April call option implied volatility is at 106, May is at 51, June is at 40; compared to its 26-week average of 36 according to Track Data, suggesting larger price movement into the expected release of Q1 results on April 15.
06:06 EDTNFLXNetflix price target raised to $487 from $360 at Piper Jaffray
Piper Jaffray analyst Michael Olson raised his price target for Netflix shares to $487 from $360 after analyzing the company's total addressable market and potential penetration through 2020. Olson has a "relatively more positive bias" on Netflix after his analysis suggested the company's earnings growth from 2016-2020 will average around 50%. He keeps a Neutral rating on Netflix, however, encouraging investors to take advantage of entry points closer to $400. Olson slightly reduced his 2016 earnings estimates for the company to reflect its continued investments ahead of a "material" earnings growth phase. UBS yesterday upgraded Netflix to Buy from Neutral with a $565 price target. Shares of the streaming service closed yesterday up $20.11 to $474.68.
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