Jefferies Assumes Coverage on Netflix (NFLX) at Hold; Growth Offset by Costs
Tweet
Share
E-mailGet Alerts NFLX Hot Sheet
Price: $78.16 -0.1%
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
57 Buy, 26 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies assumes coverage on Netflix (NASDAQ: NFLX) with a Hold. PT $65.00 (from $115.00).
Jefferies analyst said, "Rapidly evolving from its DVD-by-mail roots, Netflix is now making a global push to pioneer Internet television as online video consumption continues to soar. But we see downside risk to our estimates as we think Netflix intends to reinvest substantially all near- to medium-term profits to expand into new countries. Meanwhile, content costs and competition are both on the rise."
Raising current year EPS from (0.24) to $0.01, but lowers next year from $1.03 to $0.43.
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 $55.93 yesterday.
Jefferies analyst said, "Rapidly evolving from its DVD-by-mail roots, Netflix is now making a global push to pioneer Internet television as online video consumption continues to soar. But we see downside risk to our estimates as we think Netflix intends to reinvest substantially all near- to medium-term profits to expand into new countries. Meanwhile, content costs and competition are both on the rise."
Raising current year EPS from (0.24) to $0.01, but lowers next year from $1.03 to $0.43.
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 $55.93 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- BMO Capital Reiterates Outperform Rating on Netflix (NFLX), Advertising Seen As a Key Lever
- Lithium Ionic Corp (LTH:CN) PT Lowered to Cdn$2.50 at Desjardins
- Fiserv (FISV) PT Lowered to $60 at Freedom Broker
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, Analyst PT Change, New CoverageRelated Entities
Jefferies & CoSign 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!
