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April 19, 2013
11:34 EDTNFLXEarnings Preview: Netflix shares up over 64% since last report
Netflix (NFLX) is expected to report first quarter earnings after the market close on Monday, April 22 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 earnings per share of 18c on revenue of $1.02B. The consensus range is (14c)-35c for EPS, and $1.01B-$1.03B for revenue, according to First Call. LAST QUARTER: Netflix reported fourth quarter EPS 13c against estimates of (13c) on revenue of $945M against estimates of $934.12M. The company reported total subscriptions for domestic streaming 27.2M and international streaming 6.12M. It also reported Q4 total subscriptions for domestic DVD 8.22M. Netflix forecast Q1 EPS of 0c-23c and said it expects Q1 domestic streaming subscriptions to reach 28.5M-29.2M and international streaming subscriptions to reach 6.6M-7.3M. It also said it has no plans to launch in additional international markets in the first half of this year. NEWS: In the past quarter, Netflix signed a deal with Dreamworks (DWA) as it continues to expand kids programming with an original series. It also announced an integration agreement with Facebook (FB). In a regulatory filing, the company said contribution margins for domestic DVD segment will decline sequentially. STREET RESEARCH: Analyst firms Morgan Stanley, JP Morgan and BMO Capital all raised their price targets on Netflix during the quarter, citing original content and increased subscriber expectations. Pacific Crest said the company should report Q1 subscriber growth and also said Netflix shares should be bought on any post-earnings weakness. PRICE ACTION: Netflix shares have risen more than 64% since the first day of trading following the company's Q4 report. In Friday mid-day trading ahead of the Monday night's report, Netflix shares are up around 2.5%.
News For NFLX From The Last 14 Days
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December 18, 2014
16:01 EDTNFLXOptions Update; December 18, 2014
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09:35 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL FB TSLA PBR RAD AMAT NFLX GILD KMI TWTR
December 17, 2014
16:00 EDTNFLXOptions Update; December 17, 2014
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11:14 EDTNFLXNetflix rises after MKM downplays production risks, DISH deal announced
Shares of Netflix (NFLX) are climbing after research firm MKM Partners recommended that investors buy shares of the online streaming service heading into the New Year. The shares could triple or quadruple over the next four to five years, the firm predicted. WHAT'S NEW: Some believe that Netflix's stepped up content production increases its risk, MKM analyst Rob Sanderson reported. However, Netflix's movie content purchase deals carry similar risk and the company's massive content portfolio insulates it from risk, the analyst stated. Meanwhile, Sanderson disagrees with initial reviews of Netflix's "Marco Polo" series. The series is no "Games of Thrones," but the season of "Marco Polo" as a whole is better than the first few episodes, Sanderson believes. Netflix should benefit more than expected from the advent of 4K resolution and the company should announce partnerships with cable companies at a faster rate next year, the analyst indicated. He continues to identify the stock as his favorite large-cap name and estimates that it could triple or quadruple over the next four or five years. WHAT'S NOTABLE: Satellite broadcaster DISH (DISH) earlier today announced that it had become the first major pay-TV provider in the U.S. to integrate the Netflix app into its set-top box. The app gives customers the ability to instantly stream Netflix movies and TV shows, DISH added. PRICE ACTION: In mid-morning trading, Netflix gained 3.4% to $327.21.
09:53 EDTNFLXDISH integrates Netflix into set-top box
DISH (DISH) today became the first major pay-TV provider in the U.S. to integrate the Netflix (NFLX) app into its set-top box. Available on DISH’s second-generation Hopper, the app gives customers the ability to instantly stream Netflix movies and TV shows, including “House of Cards” and “Orange is the New Black,” from the same platform used to access their linear television channels. The Netflix app will rollout to DISH customers throughout the day. The Netflix app is currently available on all broadband-connected second-generation Hopper set-top boxes. In the coming months, DISH expects the app to rollout to Joey, Super Joey and Wireless Joey clients. Additionally, in the future, titles available on Netflix could be integrated into the search functionality across live, recorded and Video On Demand programs for both the Hopper as well as DISH’s forthcoming OTT service.
09:41 EDTNFLXActive equity options trading
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08:40 EDTNFLXNetflix shares should be bought into New Year, says MKM Partners
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December 16, 2014
16:00 EDTNFLXOptions Update; December 16, 2014
iPath S&P 500 VIX Short-Term Futures up 1.55 to 34.60. Option volume leaders: AAPL TSLA TWTR AMZN FB C GILD BAC NFLX AA MGM MCD according to Track Data.
09:36 EDTNFLXActive equity options trading
Active equity options trading according to Track Data: AAPL AMZN C TSLA PBR TWTR NFLX JPM CLF ABX
09:17 EDTNFLXInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
December 15, 2014
16:00 EDTNFLXOptions Update; December 15, 2014
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December 12, 2014
12:22 EDTNFLXNetflix introduces Atlas telemetry platform
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06:33 EDTNFLXNetflix responds to FCC Commissioner's fast lanes allegations, TechCrunch says
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December 11, 2014
16:01 EDTNFLXOptions Update; December 11, 2014
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09:37 EDTNFLXActive equity options trading
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December 9, 2014
16:00 EDTNFLXOptions Update; December 9, 2014
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11:48 EDTNFLXStocks with call strike movement; NFLX TSLA
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11:29 EDTNFLXDiscovery CEO says international market 'steady, good' for company
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10:32 EDTNFLXNetflix hits a fresh 6-month low, levels to watch
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06:48 EDTNFLXNetflix wants to be 'completely global' within five years, GigaOM reports
Netflix Chief Content Officer Ted Sarandos told investors at the UBS Global Media and Communications Conference that the company wants to be "completely global" and available everywhere in the world before 2020, GigaOM reports. CEO Reed Hastings has previously said that the company could eventually generate up to 80% of its revenue outside the U.S. Reference Link
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