Needham & Company Maintains an 'Underperform' on Netflix (NFLX); P/E Ratio Fallen From Nosebleed Levels...But Still Look Expensive
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Price: $78.16 --0%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 6 | Down: 9 | New: 12
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Needham & Company maintains an 'Underperform' on Netflix (NASDAQ: NFLX).
Analyst, Charlie Wolf, said, "Despite initial evidence of an upward inflection point in a key financial metric, we continue with an Underperform rating on Netflix, largely for valuation reasons. We reduce our 2012 earnings estimate from $0.50 to $0.25 and our 2013 estimate from $2.75 to $2.00."
For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.
Shares of Netflix closed at $74.20 yesterday.
Analyst, Charlie Wolf, said, "Despite initial evidence of an upward inflection point in a key financial metric, we continue with an Underperform rating on Netflix, largely for valuation reasons. We reduce our 2012 earnings estimate from $0.50 to $0.25 and our 2013 estimate from $2.75 to $2.00."
For an analyst ratings summary and ratings history on Netflix click here. For more ratings news on Netflix click here.
Shares of Netflix closed at $74.20 yesterday.
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