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Netflix (NASDAQ: NFLX), a DVD-rental business that competes with Blockbuster (NYSE: BBI), was upgraded yesterday by Michael Pachter, an analyst with Wedbush Morgan Securities. He sees good tidings ahead for the company. He believes that Netflix will see higher margins and a healthy stream of earnings. His thesis centers on the fact that the subscriber base is likely to grow and that streaming movies will lower the cost of delivery.

Upgrades are tricky beasts. Ideally, an investor or, more likely, a trader, wants to be in the stock before the upgrade occurs. Buying a company after it's been upgraded requires a lot of due diligence. And you have to get over the fact that you might be buying at a high price.

Continue reading Netflix upgraded: What does this mean for investors?

Netflix upgraded: What does this mean for investors? originally appeared on BloggingStocks on Thu, 18 Jun 2009 08:00:00 EST. Please see our terms for use of feeds.

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Poor Netflix (NYSE: NFLX). It's waging a constant and ferocious battle for customers with Blockbuster (NYSE: BBI), and its earnings report has to compete with the biggest company out there right now. But its service has always been nothing short of outstanding for me, so I thought I'd throw the online DVD-rental giant a little love.

After the close, NFLX said its third-quarter profit jumped 23% from year-ago levels, hitting $15.7 million, or 23 cents per share. Revenue was also on the move, rising 15% to $294 million. These headline figures were above analysts' estimates for per-share results of 15 cents on revenue of $286.5 million. The numbers also topped Netflix's own predictions for earnings of 11 to 19 cents on $284 million in sales. The total number of subscribers to Netflix services moved up 24% during the reporting period to nearly 7 million, from 5.7 million last year. Adjust your Netflix-friend lists accordingly.

Continue reading Netflix (NFLX) earnings power shares higher

Netflix (NFLX) earnings power shares higher originally appeared on BloggingStocks on Mon, 22 Oct 2007 18:15:00 EST. Please see our terms for use of feeds.

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Last Wednesday, NetFlix Inc. (NASDAQ: NFLX), the leader in mail-service DVD rentals, reported first-quarter earnings that missed analysts' expectations. Citing increased competitive pressure from Blockbuster (NYSE: BBI), the company reduced its outlook for subscriber growth, calling earlier hopes for 20 million subscribers by 2012 "unattainable" if BBI maintains its current pricing structure. NFLX failed to adjust its earnings guidance, but said revenue could hit $1.26 billion, down slightly from an earlier target of $1.3 billion.

Obviously self-satisfied, a spokesman for BBI was quoted on Bloomberg as noting that, "NetFlix obviously sees us as a formidable competitor because of the superiority of our offering." BBI expects its subscriber base to rise by more than a third, to three million customers.

NFLX shares gapped nearly 10% lower on the heels of this news and have not yet begun to recover, in terms of price action, though the stock is still hovering above chart support at the $20 level.

Continue reading Can Netflix recover from disappointing earnings?

Can Netflix recover from disappointing earnings? originally appeared on BloggingStocks on Mon, 23 Apr 2007 11:00:00 EST. Please see our terms for use of feeds.

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