Insiders' Blog
Sponsored by: Subscribe to EasyStockAlerts.com Now & Get The News Before Everyone Else!
Netflix (NFLX) Surges On Lehman Bros Upgrade
More News related to BBI
- Blockbuster Inc. Announces Its Second Quarter 2008 Conference Call and Webcast
- Notable Analyst Rating Changes 7/22: QLGC, BBI, ARTC Upgraded; TXN, MRK, SNDK Downgraded
- Pre-Open Movers 7/22: Assured Guaranty (AGO) Sinks On Possible Moody's Downgrade, Foundry Networks (FDRY) Up on Buyout
- Pali Research Upgrades Blockbuster (BBI) to Buy
- Blockbuster Recruits Seasoned Entertainment Executive Jeffrey Calman to Head New Media Content & Studio Relations
More News related to NFLX
- David Moenning's Daily State of the Markets: 7/25
- Pre-Open Movers 7/25: Riverbed (RVBD) Higher on Results; Cepheid (CPHD) Slammed on Results
- Netflix (NFLX) Tops Q2 EPS by 2c; Solid Guidance
- Netflix Announces Q2 2008 Financial Results
- Trading Radar for 7/25: Legg Mason (LM), Netflix (NFLX), T. Rowe Price (TROW), Black & Decker (BKD) Report; Durable Orders, UofM Sentiment Index, New Home Sales Due
More News related to Insiders' Blog
- CL King Starts Powerwave (PWAV) at Accumulate
- BMO Starts MAG Silver (MVG) at Outperform
- Morgan Keegan Starts Hanesbrands (HBI) at Outperform
- Wachovia Initiates MDC Partners (MDCA) with an Outperform
- Piper Jaffray Initiates Boston Scientific (BSX) with a Buy
Shares of Netflix (Nasdaq: NFLX) are up 9% in early action today after Lehman Brothers raised its rating on the company from Equalweight to Overweight and boosted its price target from $31 to $37 per share.
The firm sees continued momentum in DVD-by-mail trends and expects the company to add about 194,000 new customers in the second quarter. The firm said Netflix will continue to benefit from the favorable competitive landscape with Blockbuster (NYSE: BBI).
The firm raised Q2 EPS estimates from $0.39 to $0.40 and FY from $1.24 to $1.26, the consensus is $0.40 and $1.24, respectively.
Netflix also announced the introduction of The Netflix Player by Roku this morning. The device enables Netflix subscribers to instantly stream a growing library of movies and TV episodes from Netflix directly to the TV. The devices is attractively priced at just $99.
Related Categories
Insiders' BlogStocks Mentioned
+0.03Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
