UPDATE: Netflix Says It May Raise Prices For New Customers As Q1 Earnings Beat Expectations

By | Monday April 21, 2014 @ 1:04pm PDT

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UPDATED: CEO Reed Hastings told analysts that the likely price increase is due to the fact that “over the last couple of years we’ve been improving the content selection on Netflix and broadening it.” For that to continue, … Read More »

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Netflix Shares Soar As It Beats Wall Street’s Q4 Expectations

By | Wednesday January 22, 2014 @ 1:04pm PST

Shares are up 17+% in after hours trading after the streaming video company walloped analyst expectations for Q4. netflix_logo__121008075714-200x92__130701074658Netflix reported net income of $48.4M, +513% vs the same period last year, on revenues of $1.18B, +24.3%. The top line was ahead … Read More »

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Did Netflix Send A Signal About Q2 Earnings With Its Unusual Video Conference Plan?

By | Tuesday July 9, 2013 @ 3:19pm PDT

A lot of investors seem to think so. Netflix shares rose 6.1% today — closing at $247.38, the highest that number’s been in nearly two years — after the company said that it will replace its usual audio quarterly conference … Read More »

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UPDATE: Netflix Stock Hits 52-Week Low On Sub Growth And Spending Fears

UPDATE, 2:10: PM: Netflix closed at $60.28, which is -25.02% – and its lowest closing price over the last 52-weeks. During the trading day it also touched $59.20, the lowest intra-day price for the last 52 weeks. … Read More »

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Netflix Shares Face A Tough Market Amid Questions About $400M Refinancing

By | Tuesday November 22, 2011 @ 7:09am PST

In early trading Netflix shares are down about 3.3% from yesterday’s $74.47 close – and flirting with the possibility of ending the day at a new 52-week low. Investors are still trying to make sense of last night’s announcement that it struck two deals to raise $400M, with a warning that it expects a net loss in 2012. That’s a change from its previous guidance to expect “several quarters” of losses. The company agreed to sell $200M in common stock, at $70 a share, to accounts managed by T. Rowe Price Associates in addition to its $200M convertible notes offer to Technology Crossover Ventures. With the deals “we have strengthened our balance sheet and remain focused on growing our streaming subscriptions and returning to global profitability after our launch of the U.K. in 2012,” CFO David Wells said.

But several analysts say that they’re pessimistic: Caris & Co’s David Miller lowered his price target to $59 from $77 since Netflix “is sending the rhetorical signal to the Street that the effects of its Q3 public relations nightmare have not stemmed subscriber defections, at least not in the near term.” Lazard Capital Markets’ Barton Crockett says his earnings forecast is under review adding that the company’s “recent history of quick outlook changes suggests reason to be skeptical.” Janney Capital Markets’ Tony Wible questions Read More »

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Is It “Nuclear Winter” For Netflix? Analysts Tell Investors To Bail After 3Q Setbacks

Netflix is in for a brutal morning: The stock is down 35% in pre-market trading from its $118.84 close yesterday as some influential Wall Street analysts tell investors it’s time to dump the stock following last night’s disappointing earnings report and forecast. Susquehanna Financial Group’s Vasily Karasyov downgraded Netflix to “negative” from “neutral.” He says  that it “looks like the nuclear winter scenario is playing out” for the company as “subscriber base expansion in the U.S. appears to be minimal and losses from international launches are weighing on profitability.” The combination will “put to rest the bull case on (Netflix) as we know it.” Janney Capital Markets’ Tony Wible also downgraded the stock to “sell” – and slashed his price target in half to $51. Calling the company’s business model “unsustainable” he says: “Fundamentals are eroding, management credibility is shot, international growth is deteriorating, and margins are imploding. Furthermore, the company’s disclosures support our view that the DVD business accounts for a disproportionate amount of (Netflix’s) profits (82%),” which means investors should look at it as an old-fashioned rental company instead of a digital-age power. Even Netflix supporters are retrenching. Read More »

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UPDATE: Netflix Stock Taking Beating As 3Q Subscriber Numbers & Guidance Weak

By | Monday October 24, 2011 @ 5:30pm PDT

UPDATE, 5:30 PM: It looks like the deal Netflix announced this morning to expand into the UK and Ireland will take its toll on the company, which said during its post-earnings conference call with analysts that … Read More »

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