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
- ARGUS Maintains 'Sell' Rating on Blockbuster (BBI)
- Notable Analyst Rating Changes 8/19: MA, DKS, AFFY Upgraded; DRI, ADP, BIOF Downgraded
- Needham Starts Blockbuster (BBI) at Hold
- BeaconEquity.com Issues Trade Alerts on Music and Video Services Stocks: NFLX, BBI, BKS, WMT, BGP, AMZN
- Icahn's Icahn Capital Bumps Stake in Motorola (MOT), Shows New Small Stake in Emisphere (EMIS)
More News related to NFLX
- Netflix CFO to Present at Bank of America Investment Conference
- Netflix Appoints Bill Holmes as V.P. of Business Development
- Netflix (NFLX) Resumes Shipping DVD's -CNBC
- BeaconEquity.com Issues Trade Alerts on Music and Video Services Stocks: NFLX, BBI, BKS, WMT, BGP, AMZN
- Netflix (NFLX) Had System Failure, Affecting DVD Shipments - CNBC
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
+0.01
-0.21Related 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!
