Cowen Trims PT on Netflix (NFLX) to $110 Following Q2 Results, Outlook; Affirms at 'Outperform'

Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report

July 19, 2016 10:30 AM EDT

Canaccord Genuity maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $115.00 (from $120.00), following the company's 2Q earnings report. Total domestic net adds came in at 160k, substantially below the 500k guidance. International net adds missed as well,... More

Oppenheimer Cuts Price Target on Netflix (NFLX) to $114; Reiterates Outperform

July 19, 2016 10:01 AM EDT

Oppenheimer maintained an Outperform rating on Netflix (NASDAQ: NFLX), and cut the price target to $114.00 (from $123.00), following the company's 2Q earnings report. Revenue was largely in-line as US streaming revenue continued to outpace expenses. However both US and international streaming net adds came in below... More

Needham & Company Reiterates Hold on Netflix (NFLX) Following Sub Miss

July 19, 2016 9:37 AM EDT

Needham & Company reiterated a Hold rating on Netflix (NASDAQ: NFLX) following the company's 2Q report. NFLX reported a Sub miss with 46.0mm paid streaming subscribers in the U.S, and 33.9mm international subs, below guidance of 46.4mm in the U.S. and 34.3mm abroad.... More

Netflix (NFLX) Estimates Cut at Credit Suisse Post Q2; PT to $122

July 19, 2016 7:48 AM EDT

Credit Suisse analyst S. Ju reiterated an Neutral rating but bumped its price target on Netflix (NASDAQ: NFLX) to $122.00 (from $119.00) following disappointing Q2 results.

Ju commented, "ting un-grandfathering in the US, as well as larger International markets, and the upcoming Olympics, Netflix provided... More

Netflix (NFLX) PT Cut to $130 at RBC Capital Following 'Clearly Disappointing' Q2

July 19, 2016 7:15 AM EDT

RBC Capital analyst Mark Mahaney maintained an Outperform rating but lowered his price target on Netflix (NASDAQ: NFLX) to $130.00 (from $140.00) following "clearly disappointing" Q2 results. Subs missed across the board, with price-increase pushback a key factor, the analyst noted.

Mahaney commented, "Netflix is citing significant publicity around its... More

Netflix (NFLX) PT Lowered to $76 at Jefferies; Un-Grandfathering Boosts Churn

July 19, 2016 6:55 AM EDT

Jefferies analyst John Janedis reiterated an Underperform rating and cut his price target on Netflix (NASDAQ: NFLX) to $76.00 (from $80.00) as price increase drive churn.

Janedis commented, "Management highlighted that the onset of the 'un-grandfathering' process in April contributed to lighter-than-expected... More

Piper Jaffray Maintains Bullish View on Netflix (NFLX) Despite U.S. & Intl Subs Miss

July 19, 2016 6:49 AM EDT

Piper Jaffray analyst Michael Olson reiterated an Overweight rating and $122 price target on Netflix (NASDAQ: NFLX) following Q2 results which included a miss on U.S. and Intl subs.

Olson commented, "Netflix reported 1.7M Q2 sub adds, with both domestic and international... More

Netflix (NFLX) PT Cut to $110 at Nomura

July 19, 2016 6:38 AM EDT

Nomura Securities analyst Anthony DiClemente cut his price target on Netflix (NASDAQ: NFLX) to $110.00 (from $115.00) following results but maintained a Buy rating following disappointing results.

DiClemente commented, "Most Netflix investors pay a premium multiple for its outsized growth. While most tech... More

Netflix (NFLX): One Step Netflix Could Take to Reaccelerate Growth - BMO

July 19, 2016 6:16 AM EDT

BMO Capital Markets analyst, Daniel Salmon, remains cautious as subscribers come in light and reiterates his Perform rating on shares of Netflix (NASDAQ: NFLX).

Both 2Q actual and 3Q subscriber guidance missed in both the domestic and international streaming segments. 2Q domestic streaming total net adds were 0.162mm, below guidance of 0.5mm, our estimate of 0.494mm, and consensus of 0.532mm.... More

Option volume flows

July 19, 2016 5:20 AM EDT

Stocks and options expected to be active: NFLX IBM YHOO NVS VMW JNJ

Notable call activity cited July 18; HIG PBI TSEM HAS MAC NE PGNX GME GFI CYH TWX CORN IMMR CI

Notable put activity cited July 18; TUR STJ PBI MT HAS K GPC CI LPX XON GWW FCAU TUP MAT CY

... More

Netflix customer growth slows amid price hike, shares plunge

July 18, 2016 4:11 PM EDT

By Rishika Sadam and Lisa Richwine

(Reuters) - Netflix Inc (NASDAQ: NFLX) said it added fewer video streaming subscribers than expected from April through June as some customers canceled the service ahead of a price increase, and the company's shares fell 16 percent.

The dominant subscription video service on Monday also forecast slower-than-expected growth in U.S. and international markets in the current quarter.

"We are growing, but not as fast as we would like or have been," the company said in its quarterly letter to shareholders.

Netflix, which... More

Netflix (NFLX) Tops Q2 EPS by 7c; Int'l Streaming Adds Miss

July 18, 2016 4:03 PM EDT

Netflix (NASDAQ: NFLX) reported Q2 EPS of $0.09, $0.07 better than the analyst estimate of $0.02. Revenue was $2.11 billion, versus consensus expectations of $2.11 billion.

International streaming adds at 1.52 million, with estimates at 2.15 million. Domestic net adds were 0.16 million.

Sees Q3 international streaming adds at 2 million with estimates at 2.54 million.

Sees Q3 domestic... More