Netflix global push grabs more customers than expected; shares jump
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Netflix (NFLX) Gives Up Gains as Domestic Slowdown, Cash Needs Overshadow Booming International Growth
January 20, 2016 11:18 AM ESTAfter trading up nearly 10% after-hours on its earnings beat, Netflix (NASDAQ: NFLX) has done a complete 360 and is now down 6.8%. Downside comes amid general market malaise and as investors weigh slowing growth in the U.S. versus booming International growth.
Netflix reported Q4 EPS of $0.10, versus the analyst estimate of $0.02. Revenue was $1.82 billion, versus $1.83 billion expected. The company said domestic subscribers grew 1.56 million, which was below the consensus estimates of 1.62 million and guidance of 1.65 million. International was a different story with the... More
Nomura Securities Raises PT on Netflix (NFLX) as International Subs Offset US Weakness
January 20, 2016 9:44 AM ESTNomura Securities reiterated a Buy rating on Netflix (NASDAQ: NFLX), and raised the price target to $130.00 (from $125.00), following the company's 4Q earnings report. Netflix is pleased with the initial membership growth in Japan, Spain, Portugal, and Italy, as both paid and non-paid sub growth were... More
Needham & Company Reiterates Buy as Content Drives Value at Netflix (NFLX)
January 20, 2016 8:29 AM ESTNeedham & Company reiterated a Buy rating and $125.00 price target on Netflix (NASDAQ: NFLX) following the company's 4Q earnings report. Most of the discussion on the earnings call revolved around NFLXs content strategy. NFLX said that it would spend about $5B on content, allocated $4B to the US and $1B offshore, in 2016.
Analyst Laura Martin commented, "Most of the discussion on the earnings... More
Netflix (NFLX) PT Raised to $126 at Credit Suisse Post Q4
January 20, 2016 8:28 AM ESTCredit Suisse analyst S. Ju bumped his price target on Netflix (NASDAQ: NFLX) to $126.00 (from $119.00) following results but maintained a Neutral rating following results after the close.
Ju commented: "While guidance for domestic net additions was lower-than- expected, given the faster... More
RBC'S Mahaney Sees Netflix (NFLX) Growth Shifting from the US to International
January 20, 2016 8:22 AM ESTNetflix (NASDAQ: NFLX) Q4 revenue of $1.82B was just below the Street at $1.83B, while GAAP EPS of $0.10 materially beat Street expectations of $0.02 due to one-time tax benefits and Marketing leverage. While revenue was light, RBC Capital analyst, Mark Mahaney, notes FY16 EPS increases considerably.
Despite the U.S. Total Sub miss, U.S. Sub expectations were low, U.S. Paid Sub Adds were... More
Sterne Agee CRT Remains Sidelined on Netflix (NFLX) Following a Mixed 4Q
January 20, 2016 8:12 AM ESTSterne Agee CRT reiterated a Neutral rating on Netflix (NASDAQ: NFLX) following the company's 4Q earnings report. NFLX reported 4Q revenue of $1.823B and EPS of $0.10 vs. consensus of $1.826B and $0.02 respectively. While the domestic market is slowing, international subscriber trends are accelerating... More
BMO Capital Remains Sidelined on Netflix (NFLX) as U.S. Market Slows
January 20, 2016 8:04 AM ESTBMO Capital reiterated a Market Perform rating and $115.00 price target on Netflix (NASDAQ: NFLX) following the company's 4Q earnings report. Although sub growth in the US is inevitably slowing, BMO continues to have confidence in the march towards managements long-term target of 60-90... More
Netflix (NFLX) PT Lifted to $120 at Jefferies
January 20, 2016 7:54 AM ESTJefferies US Internet Team boosted its price target on Netflix (NASDAQ: NFLX) to $120.00 (from $105.00) following results which the called "mixed", highlighted by record international subscriber additions.
The analysts commented: "Results were mixed. On the plus side, International net subscriber adds beat ests, underscoring the... More
Mizuho Securities Remains Neutral as Netflix (NFLX) 4Q Shows Slowing U.S. Market
January 20, 2016 6:46 AM ESTMizuho Securities reiterated a Neutral rating on Netflix (NASDAQ: NFLX), and raised the price target to $120.00 (from $115.00), following the company's 4Q earnings report. revenue of $1.8b was in line with Street expectations, while EPS of $0.10 came in higher than consensus at $0.02... More
Strong Int'l Showing Boosts Netflix (NFLX) in Q4; Cowen Lifts PT to $155
January 20, 2016 6:32 AM ESTCowen and Company lifts its price target on Outperform-rated Netflix (Nasdaq: NFLX) from $150 up to $155 following solid Q4 results issued late Tuesday.
Analyst John Blackledge summarized: NFLX reported solid 4Q15 results, as Intl net adds crushed consensus (~500,000 beat, 200,000 beat vs.... More
Netflix (NFLX) sees 'material' profit starting in 2017 - Call
January 19, 2016 5:27 PM ESTNetflix (NASDAQ: NFLX) sees 'material' profit starting in 2017, the company said on its call, according to Bloomberg headlines.
... MoreNetflix (NFLX) Surges 8% on Strong Q4
January 19, 2016 4:20 PM ESTNetflix (NASDAQ: NFLX) is trading up 8% after-hours on better-than-expected fourth quarter results including a big beat on international sub numbers.
... More
