Netflix (NFLX) Surges 19% on Strong Q3, Outlook
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Go back to Netflix (NFLX) Surges 19% on Strong Q3, Outlook
October 18, 2016 8:28 AM EDT
SunTrust Robinson Humphrey analyst Robert Peck raised his price target on Netflix (NASDAQ: NFLX) to $115.00 (from $110.00) but maintained a Hold rating following better than expected Q3 and guidance.
Peck commented, "Netflix reported a better than feared 3Q, and guided to a... More
October 18, 2016 7:48 AM EDT
Needham & Company maintained a Hold rating on Netflix (NASDAQ: NFLX) following the company's 3Q earnings report. NFLX is ramping up its owned content, both Series and Unscripted. In January of 2013, Ted Sarandos stated that: "The goal is to become HBO faster than HBO can become... More
October 18, 2016 7:47 AM EDT
Wedbush analyst Michael Pachter raised his price target on Underperform-rated Netflix (NASDAQ: NFLX) to $60.00 (from $50.00) following Q3 results. Pachter said FCF burn is being overlooked as investors focus on sub growth.
Pachter commented, "We continue to believe that Netflix is overvalued. Netflix continues... More
October 18, 2016 7:14 AM EDT
Nomura Securities analyst Anthony DiClemente reiterated a Buy rating and raised his price target on Netflix (NASDAQ: NFLX) to $130.00 (from $110.00) following strong Q3 results and guidance.
DiClemente commented, "Netflix showed that the qualitative virtues often cited by bulls - secular growth of internet video,... More
October 18, 2016 7:10 AM EDT
Mizuho Securities analyst Neil Doshi raised his price target on Netflix (NASDAQ: NFLX) to $112.00 (from $90.00) but maintained a Neutral rating following better-than-expected Q3 results and guidance.
Doshi commented, "On the margin we are becoming more constructive given the solid performance... More
October 18, 2016 6:51 AM EDT
Jefferies analyst John Janedis reiterated an Underperform rating on Netflix (NASDAQ: NFLX) following better-than-expected Q3 results and guidance while raising his price target to $80.00 (from $76.00).
commented, "Netflix reported better than expected subscriber growth (3.57M vs JEFe: 1.95M), with strength in both the US and... More
October 18, 2016 6:38 AM EDT
BMO Capital analyst Daniel Salmon reiterated a Market Perform rating and bumped his price target on Netflix (NASDAQ: NFLX) to $115.00 (from $85.00) following strong Q3 and Q4 guidance, saying un-granfathering concerns proved overdone.
Salmon commented, "Netflix bounced back from last Q's disappointment as... More
October 17, 2016 4:19 PM EDT
(This version of the October 17 story corrects reference to past quarters in second paragraph)
By Lisa Richwine and Rishika Sadam
(Reuters) - Netflix Inc added over 50 percent more subscribers than expected in the third quarter as original shows such as "Stranger Things" drew new international viewers and kept U.S. customers despite a price hike, sending its shares soaring 20 percent in late trade.
The company's performance represented a turnaround from the previous quarter of disappointing subscription growth. Netflix, which has spent heavily to expand outside its home market, also said that it was on track to start... More
October 17, 2016 4:06 PM EDT
(Updated - October 17, 2016 4:10 PM EDT)
Netflix (NASDAQ: NFLX) reported Q3 EPS of $0.12, $0.06 better than the analyst estimate of $0.06. Revenue for the quarter came in at $2.29 billion versus the consensus estimate of $2.28 billion.
Total Q3 net subscriber additions were 3.57 million.
Q3... More
