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Stock Market & Financial Investment News

News Breaks
January 22, 2013
12:54 EDTNFLXEarnings Preview: Netflix shares up over 42% since last earnings report
Netflix (NFLX) is expected to report Q4 earnings after the market close on Wednesday, January 23 with a conference call scheduled for 6:00 pm ET. Netflix is an Internet subscription service that allows members to watch TV shows and movies through DVD and on-demand streaming... EXPECTATIONS: Analysts are looking for EPS of (60c) on revenue of $934.37M. The consensus range is ($13.00)-2c for EPS, and $924.2M-$946M for revenue, according to First Call... LAST QUARTER: Netflix reported Q3 EPS 13c against estimates of 4c on revenue of $905M against estimates of $908.89. The company gave a forecast of Q4 EPS (23c)-4c, expecting Domestic Streaming subscribers to reach 26.4M-27.1M and International Streaming subscribers to reach 5.2M-5.9M. At the Q3 earnings conference call, Netflix said the 7M subscription growth prediction was a "forecasting error". It also expected greater subscriber additions in Q4 and Q1 than in Q2 and Q3. It had no plans to raise subscription prices or change its price point at this time... STREET RESEARCH: Analysts in recent weeks have raised Netflix's price target and upgraded the company's rating. Janney Capital and Morgan Stanley, for example, cited the company's "positive" deal with Disney (D) and their reduced expectations in the past few quarters. Piper Jaffray also noted an increase confidence in the company's ability to maintain competitive differentiation while holding the best movie and TV subscription library. BofA/Merrill, however, remains skeptical given Netflix's fundamentals and overblown acquisition speculation. Northland Securities reiterated Netflix at Underperform, saying HBO's (TWX) extension with Universal increases the competitive environment for content... PRICE ACTION: Netflix shares have risen more than 42%, since the first day of trading following the company's Q3 report. In Tuesday mid-day trading ahead of the Q4 report, Netflix shares are down almost 2%.
News For NFLX From The Last 14 Days
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October 14, 2014
05:45 EDTNFLXNetflix upgraded to Buy with $600 target at BTIG
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October 13, 2014
16:14 EDTNFLXNetflix upgraded to Buy from Neutral at BTIG
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09:06 EDTNFLXNetflix, CBS sign distribution deal in Europe, Hollywood Reporter says
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08:50 EDTNFLXNetflix charging extra for 4K Ultra HD content, Variety reports
Netflix will require subscribers to pay its most expensive service tier for 4K Ultra HD content, reports Variety. Subscribers must sign up for the "family" plan at $11.99 monthly, which allows for simultaneous streaming of up to four programs. The reason for the change was that producing and acquiring 4K content costs more that conventional HD, so it has repositioned Ultra HD as a premium offering. Reference Link
07:43 EDTNFLXNetflix Q3 results expected to be inline, says Canaccord
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October 10, 2014
16:02 EDTNFLXActionable Options for Friday, October, 10
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06:39 EDTNFLXNetflix spends $150M annually on content recommendations, Gigaom reports
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October 9, 2014
16:00 EDTNFLXOptions Update; October 9, 2014
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14:32 EDTNFLXIcahn says never discussed Netflix with Tim Cook
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12:37 EDTNFLXBrett Icahn says Netflix is 30% position at Sargon
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12:35 EDTNFLXBrett Icahn says still owns shares of Netflix
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09:38 EDTNFLXActive equity options trading on open
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October 8, 2014
16:26 EDTNFLXOn The Fly: Closing Wrap
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16:01 EDTNFLXOptions Update; October 8, 2014
iPath S&P 500 VIX Short-Term Futures down 2.73 to 29.51. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX PBR AA CLF GILD according to Track Data.
15:43 EDTNFLXNetflix October weekly volatility low at 21
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09:48 EDTNFLXGoogle says new movies can be pre-ordered, watched on first day of availibility
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09:38 EDTNFLXActive equity options trading on open
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09:02 EDTNFLXNetflix November volatility increases into Q3 and outlook
Netflix October call option implied volatility is at 58, November is at 40, December is at 33, January is at 31, March is at 32; compared to its 26-week average of 35, suggesting large near term price movement into the expected release of Q3 results on October 15.
October 7, 2014
16:00 EDTNFLXOptions Update; October 7, 2014
iPath S&P 500 VIX Short-Term Futures up 2.16 to 32.24 Option volume leaders: AAPL TSLA TWTR AMZN FB VZ AA HTZ NFLX PBR according to Track Data.
09:36 EDTNFLXActive equity options trading on open
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