NFLX - Netflix, Inc.
| Previous Close | 381.40 |
| Open | 381.47 |
| Bid | 380.01 x 1100 |
| Ask | 380.70 x 1800 |
| Day's Range | 379.44 - 385.15 |
| 52 Week Range | 252.28 - 385.99 |
| Volume | 3,736,266 |
| Avg. Volume | 6,539,283 |
| Market Cap | 166.922B |
| Beta (5Y Monthly) | 1.48 |
| PE Ratio (TTM) | 92.11 |
| EPS (TTM) | 4.13 |
| Earnings Date | Apr 13, 2020 - Apr 19, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 362.74 |
- GuruFocus.com
Lee Ainslie Buys Crown Holdings, Monster Beverage
Guru's largest buys of the 4th quarter Continue reading...
- Reuters
Regulators should allow RTL and ProSieben to merge - Rabe
The head of publisher Bertelsmann said its TV arm RTL should be allowed to merge with German rival ProSiebenSat.1, to give them a fighting chance against U.S. streaming giants. Thomas Rabe's comments - in an interview with Frankfurter Allgemeine Sonntagszeitung published on Sunday - come as European broadcasters explore ways to join forces against the onslaught from established players Netflix and Amazon Prime that are now being joined by Disney and Apple. ProSieben has become the focus of takeover speculation after Italy's Mediaset amassed a 15.1% stake in the Munich-based broadcaster towards the end of last year.
- MarketWatch
Meet the new IRS tax form specially designed for people 65 and older
To say that the new Form 1040-SR closely mirrors the 2019 version of the “regular” Form 1040 is an understatement. * Instructions for both the new Form 1040-SR and the 2019 version of the regular Form 1040 are included in the same document (TAX YEAR 2019 1040 and 1040-SR INSTRUCTIONS). For both the new Form 1040-SR and the 2019 version of the regular Form 1040, IRA distributions and income from pensions and annuities are reported on separate lines on page 1 of the forms.
- Yahoo Finance
Here's why Big Tech is winning the war against the government
The U.S. government has never been a model of consistency but lately the inconsistencies—foolish and otherwise—emerging from Washington directed at the tech industry have become truly mind-blowing.
- Barrons.com
How Netflix Wins Despite Underperforming at the Oscars
The streaming giant had 25 nominations and only two wins at the Academy Award. But the stock price went up. The reason: Lots of chatter about the company’s content.
- GuruFocus.com
David Einhorn's Greenlight Buys DXC and Boosts 2 Holdings in the 4th Quarter
Greenlight wraps up 2019 with gains weighed down by losses in short positions Continue reading...
- Bloomberg
Roku Turns Lower as Outlook Overshadows Active Account Beat
(Bloomberg) -- Roku Inc. shares fell on Friday, erasing an initial rally that came in the wake of its better-than-expected fourth-quarter results.Analysts were broadly positive on the quarter, the latest to show strong momentum at the video-streaming platform as consumers cut the cord on traditional cable services and move toward services like Netflix or Disney+However, the adjusted loss per share beat expectations by a smaller degree than is typical for the company. In addition, some firms expressed concern over the stock’s valuation following a recent surge, and said the Ebitda guidance looked light.Shares fell 7.8% after earlier spiking as much as 8.7%. The stock remains down more than 20% from a record close, though it has risen more than 30% off a September low, and it remains up more than 300% from the start of 2019.Here’s what analysts are saying about the results:Macquarie Research, Tim NollenThe outlook “is a bit below our admittedly bullish estimates,” given more investment costs and “a more measured international roll-out” than expected.Expects a full-year loss of $1.33 a share, compared with a prior view of a loss of 38 cents a share.Outperform, $170 price target.Loop Capital Markets, Alan Gould“While the company has executed well, it still faces substantial potential competition.” It is “difficult to justify the $18 billion enterprise value.”Sell, $80 price target.SunTrust Robinson Humphrey, Matthew ThorntonActive account additions “were well ahead of consensus,” which is likely due in part to Disney+. However, the Ebitda outlook “is well below consensus,” and competing platforms could pressure Roku’s margins.“Roku continues to execute and is well-placed in the secular shift to internet TV.”Hold, $160 price target.Rosenblatt Securities, Mark ZgutowiczThis was a “generally stellar quarter,” and the outlook underscores Roku’s “widening scale and market leverage.”Sees signs of “meaningful” international growth ahead.Buy, price target raised to $190 from $159.RBC Capital Markets, Mark MahaneyThe company’s platform business “looks like a sustainable 50% grower.” Fundamentals were “solid” in the quarter, with only a “very modest” deceleration in growth from “robust levels.”Outperform, price target $170 from $160.Stephens, Kyle EvansThe outlook was “in line or above consensus where it mattered most -- revenue and gross margin in its Platform segment.”A “heavy” launch cycle for streaming video on demand services in 2020 and 2021 “is likely to drive [average revenue per user] higher for the foreseeable future.”“Investors wanting exposure to connected T.V. will continue to bid Roku upward.”Overweight, $155 price target.Susquehanna Financial Group, Shyam PatilThe report and outlook “continue to highlight Roku’s strong momentum.” Active accounts rose more than expected, and “engagement growth was also strong.”Positive, price target raised to $170 from $150.Guggenheim, Michael Morris“Roku holds an attractive position within an expanding global steaming market and ultimately has the potential for a higher valuation.”Buy, $150 price target.What Bloomberg Intelligence Says:Roku is “still well-positioned to benefit from the secular shift away from traditional pay-TV, as the company reinforced its position as the No. 1 TV streaming platform in the U.S.”\- Analyst Amine Bensaid\- Click here for the research(Updates with afternoon trading, adds Macquarie comments)To contact the reporter on this story: Ryan Vlastelica in New York at rvlastelica1@bloomberg.netTo contact the editors responsible for this story: Catherine Larkin at clarkin4@bloomberg.net, Scott Schnipper, Steven FrommFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
- MarketWatch
Hopper is alive! Netflix drops ‘Stranger Things’ trailer for Season 4
The short teaser reveals David Harbour’s beloved character, previously believed dead, is in a Russian prison.
- InvestorPlace
Is It Finally Time to Be a Believer in Tesla Stock?
It's one of the market's most notorious and contentious battleground stocks. But in the world of he said, she said arguments in today's market, no stock comes close to what's driving Tesla (NASDAQ:TSLA) stock traders into a frenzy.Source: franz12 / Shutterstock.com Let me explain.Tesla is no stranger to controversy. Even Netflix (NASDAQ:NFLX) or a hotly contested Shopify (NYSE:SHOP) can't hold a candle to the upstart EV auto manufacturer. But this month conditions have grown more heated.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe escalation follows two very high profile and countering assertions, which fight for those who hate Tesla and those who love the company. And make no mistake, Tesla stock is going to run one of them over shortly.In support of Tesla's steadfast pessimists and the stock's heavily shorted bear population, perversely enough, it was well-known consumer advocate Ralph Nader who declared shares need to be investigated.Mr. Nader recently expressed that the U.S. Securities and Exchange Commission should protect investors and determine if any insider trading or possible market manipulation in Tesla's share price occurred. Did someone forget to send Ralph the memo that Tesla stock rallied upwards of 125% at its best this year? * 7 Exciting Stocks to Buy for Aggressive Investors For the bulls, ARK Invest's Catherine Wood, a long-time bull on Tesla, revised its longer-term price target on shares to $7,000 by 2024. And if their thesis really plays out as anticipated, the stock could trade above $15,000. The latest call comes after the firm's research team performed a deep dive into TSLA stock's gross margins, capital efficiency and the adoption of autonomous driving.So, who are you going to believe? I'd advise that when it comes to Tesla stock right now, it's best to leave those matters to the price chart. Tesla Stock Daily Chart Source: Charts by TradingViewSince last writing about Tesla stock in December and offering a bullish risk-adjusted entry, shares have rocketed higher. In fact, the discussed purchase looks almost conservative and safe in consideration of Tesla's ensuing blast-off towards $1,000 over the past month. But I'd also say investors shouldn't believe the bears and think TSLA is well past being able to be bought. It's not.Over the past several sessions Tesla has consolidated its gains following what some technicians will qualify as a blow-off topping pattern. I'm not so sure. What is observed with more authority is the reduced price volatility is taking the shape of a symmetrical triangle. And most often, these formations offer traders profitable continuation entries into a stock.A move in Tesla above $810 is where I'd recommend getting long. This entry allows for a small bit of technical wiggle room through pattern resistance while clearing the well-watched $800 level. As with our last recommendation in Tesla, a 10% stop looks smart. This exit would be placed beneath $720 and exits the long before any bearish chart dynamics below triangle support might really challenge shares. Of course, if $720 is broken prior to a rally out of the pattern, all bets are off the table.Alternatively, another route to stronger risk-adjusted returns would be to buy a slightly out-of-the-money bull call spread with a duration of a couple months. I'd still look to enter and exit the spread with the described price action above. But regardless of what happens on the price chart thereafter, this strategy offers guaranteed protection and exceptional bang for the buck not possible with a Tesla stock position.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 20 Stocks to Buy From the Law of Accelerating Returns * 10 Strong Lottery Ticket Stocks That Could Soar in 2020 * 7 U.S. Stocks to Buy on Coronavirus Weakness The post Is It Finally Time to Be a Believer in Tesla Stock? appeared first on InvestorPlace.
- Benzinga
Streaming Is Now 20% Of TV Viewing, Netflix Clings To Top Spot
About 20% of American TV consumption is now done by streaming, according a new report from Nielsen that also says Netflix Inc (NASDAQ: NFLX) remains the top way customers stream their entertainment. According to an Axios report on the latest Nielsen data, almost a third of streamers are watching content on Netflix, followed by YouTube at 21% and Walt Disney Co's (NYSE: DIS) Hulu at 12%. The Amazon Prime service from Amazon.com, Inc. (NASDAQ: AMZN) gets another 8% of viewers.
- TheStreet.com
Netflix Could Lose 4 Million U.S. Subs This Year, Analyst Says
A Nielsen survey found that 84% of U.S. respondents cited price as the most important factor in an SVOD subscription, which could bode poorly for Netflix.
- Reuters
Vivendi plans an IPO of Universal by early 2023 at the latest
French media conglomerate Vivendi said on Thursday it planned to list its most-prized asset, Universal Music Group, by early 2023 at the latest. Vivendi, controlled by billionaire Vincent Bollore, said Universal yielded record profits in 2019, with earnings before interest, tax and amortisation jumping by 22% at constant currency and perimeter from a year earlier to 1.12 billion euros ($1.21 billion).
- TechCrunch
Netflix fights new streaming rivals with Samsung partnership
As the streaming battles heat up, Netflix is hoping a new partnership with Samsung will help it fend off rivals. At Samsung's Unpacked event this week, the mobile device maker announced a deal with Netflix that will bring to its Galaxy smartphones special bonus content associated with several Netflix original shows. The partnership also allows Netflix to more deeply integrate its streaming service with Samsung devices.
- Quartz
Streaming still has a long way to go before it catches regular old TV
A new report shows that live and on-demand TV still account for a much larger chunk of TV viewing time than streaming services.
- MarketWatch
CEOs are switching between industries 4 times as much due to blurring of skills
New data shows a blurring of skills has prompted a 45% increase in executives moving between the sectors from 2015 to 2019.
- Benzinga
Needham Analysts Prefer Roku Over Netflix
Needham analysts on Wednesday gave an Underperform rating to Netflix Inc. (NASDAQ: NFLX ) as they believe the demand for advertising-based video on demand (AVOD) service will far outweigh the demand for ...
- American City Business Journals
The Movie Biz: Sometimes Happily Ever After can mean splitting apart
Just in time for Valentine’s Day, here are a few films that show us that Happily Ever After can mean splitting apart, not staying together.
- GuruFocus.com
Bollore: Streaming Music & Cash Flows
Our purchase was never about the company itself Continue reading...
- American City Business Journals
Netflix sheds light on electricity use (Streaming roundup)
"We take our environmental impact seriously and will continue to look for ways to minimize our impact in the years ahead."
- InvestorPlace
Why the Coronavirus Might Inadvertently Launch IQ Stock
With the worsening coronavirus outbreak and concerns about a bull market growing long in the tooth, I recognize the temptation to be skeptical about stocks. As I've explained before, equities have a tendency of quickly overcoming contagious disease-related headwinds. That's especially the case with strong bullish cycles, like we're on right now. But if you're still unconvinced, I recommend taking a look at iQiyi (NASDAQ:IQ) and IQ stock.Source: NYC Russ / Shutterstock.com The streaming giant, which investors often refer to as the "Netflix (NASDAQ:NFLX) of China," has a profound tailwind: the world's second-largest economy is essentially on lockdown.Because the coronavirus has spread rapidly - at time of writing, the Chinese government disclosed 31,161 cases and 636 deaths - the incentive to go out in public is gone. As things stand, there's not much people can do but wait out the epidemic.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLogically, this translates to many boring hours sitting at home. This environment practically begs for IQ stock to move higher, which it has in recent sessions.Better yet, even before this health crisis shuttered China, IQ stock was an easy buy. As you know, I base my investment decisions on megatrends and there are few bigger than video streaming. * 7 Utility Stocks to Buy That Offer Juicy Dividends In September of last year, iQiyi and competitors Youku and Tencent (OTCMKTS:TCEHY) reported monthly active user counts of 244 million, 206 million and 131 million, respectively. Though competition is fierce, iQiyi has distinguished itself by expanding overseas. Thanks to its strategic partnership with Malaysian satellite television operator Astro, iQiyi is the first true Chinese video streaming provider to offer substantive international services.Also, keep in mind that while Netflix took 20 years to get 100 million paying subscribers, iQiyi did it in nine! China Shutdown a Unique Catalyst for IQ StockOne of the criticisms against iQiyi, though, is that management has prioritized robust growth over profitability. As many analysts have pointed out, net income losses continue to widen while long-term debt continues to rise. Contrast this dynamic to Netflix, which has long focused on sustainable growth.However, one of the key differences between NFLX and IQ stock is their respective underlying markets. At a population size about four-times bigger than the U.S., iQiyi simply has a much more sizable addressable market.But with fears over the coronavirus, the Chinese market has become even more addressable. In many ways, it's a hostage market.Prior to the outbreak, the international community welcomed Chinese tourists. Why? It's all about the Benjamins. In 2013, international tourism expenditure of Chinese visitors was already high at nearly $129 billion. But in 2014, it skyrocketed to $234.7 billion. And by the end of 2018, this figure reached $277 billion. For perspective, that's the GDP of Chile being spent on various countries throughout the world. Click to EnlargeNow, those funds have basically evaporated for the receiving countries. Due to the need for precautionary measures, the international community has placed restrictions on travel to and from China. Some have even gone so far as to bar all visitors from Asian ports.Of course, the money hasn't literally evaporated. Instead, whatever funds that would have been spent on foreign travel is now sitting at home. Like I said earlier, streaming represents an easy, accessible entertainment option during the forced downtime. Hence, we have a minitrend developing within the context of a broader one.Further, the coronavirus response enables iQiyi to balance its viewership allocation. Currently, most of its users come from first-tier cities. But lower-tier cities surprisingly offer viable conversion opportunities. Chinese Streaming Market Not Unlike Our OwnOne of the most powerful megatrends that I discuss is demographics. Combined with the technological revolution that is flourishing through innovations like 5G, demographics will play a huge role in what I term the Roaring 2020s.It's a similar situation in China. As with the U.S., streaming in China skews young. Most streaming users, or 38.4%, are between the ages of 25 to 34 years. Those include prime earning years, which implies further conversion opportunities for iQiyi as the populace ages.But an interesting trend is that a sizable number of older people (ages 45 to 54 years) have also cut the cord. Therefore, the addressable market - coronavirus or not - is far more expansive and diverse in China than other regions.Ultimately, the numbers overwhelmingly work in iQiyi's favor. If you're worried about the coronavirus, but still want to buy stocks, IQ is a compelling option.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. Matt does not directly own the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 U.S. Stocks to Buy on Coronavirus Weakness * 7 Smart Blue-Chip Stocks to Buy Now * 7 Low-Volatility Stocks to Buy In Jittery Times The post Why the Coronavirus Might Inadvertently Launch IQ Stock appeared first on InvestorPlace.
- TechCrunch
Netflix fishes for new subscribers in US with free stream of 'To All the Boys I've Loved Before'
Netflix is looking to get young adults hooked on its service by making its popular teenage rom-com, "To All the Boys I've Loved Before," available to stream for free to everyone in the U.S., including non-subscribers. This isn't the first time Netflix has offered free streaming -- it teased Brits last year by offering an episode of "The Crown" for free, and has run similar tests in markets like India and parts of South America. The offer of a free Netflix movie comes at a critical time for the service.
- Benzinga
How Disney+ Subscribers Compare To Netflix, Amazon Prime And More
Wall Street is ambivalent on Netflix Inc (NASDAQ: NFLX ) as more and more streaming rivals emerge. One of its opponents is proving itself increasingly formidable. Where Disney+ Stands In its first three ...
- Zacks
Alibaba, NETGEAR, Netflix, The Walt Disney Company and Sony highlighted as Zacks Bull and Bear of the Day
Alibaba, NETGEAR, Netflix, The Walt Disney Company and Sony highlighted as Zacks Bull and Bear of the Day
- Investor's Business Daily
10 Companies' Profits Just Sailed Past All Expectations
Earnings season is turning out better than anyone thought. But investors find most S&P; 500 companies sailing past forecasts aren't necessarily good stocks.
- Bloomberg
Samsung’s Answer to IPhone Is a Galaxy of Partnerships
(Bloomberg) -- On a day when Samsung Electronics Co. announced four new high-spec smartphones, the company also signaled how it intends to compete with Apple Inc.’s iOS ecosystem through software partnerships.The new Galaxy S20 devices will feature deep integration of Netflix Inc., allowing users to search for movies by voice queries to the Bixby digital assistant. Bixby’s morning routines will also include Spotify Technology SA music streaming, and Microsoft Corp.’s Xbox Game Studios will debut its Forza Street title on Samsung’s Galaxy Store for apps.“It’s been amazing to see Samsung continuously push the limits of what’s possible,” said Hiroshi Lockheimer, Google’s Android chief. Google’s operating system has been helped by and risen in parallel to Samsung’s emergence as the world’s most prolific smartphone maker.Rival Apple is on a mission to develop its own content such as Apple Music, Apple TV+ and Apple Arcade, a set of in-house subscription services that the company is spending lavishly on to make it a success. Each of them benefits from its hundreds of millions of iPhones already in users’ hands and they help enhance and strengthen the company’s protected ecosystem.Samsung has made similar efforts, such as its Samsung Milk music service, and repeatedly failed. Its chronic problem in competing with Apple has been the absence of unique and differentiated experiences -- an iPhone owner has access to Netflix and Spotify as well as to the Apple-exclusive iOS services.The partnerships announced alongside the flashy new Galaxy phones “will be critical if the company is to elevate itself beyond hardware, diversify revenue and level the playing field with Apple,” said Ben Wood of CCS Insight.Analysts now believe Samsung is on the right track by looking to deepen collaboration with content distributors threatened by Apple’s strategy. “It hasn’t been proven to work yet, but it’s a much better strategy than Samsung trying to compete in content and enterprise apps itself,” said Avi Greengart, mobile industry analyst at Techsponential. “The cost and risk of trying to recreate Spotify, Netflix, Office or xCloud is astronomical.”IDC analyst Raquel de Condado Marques liked the synergy between Samsung’s newly upgraded hardware and service partnerships, especially in gaming. With faster mobile internet speeds and better displays, “Samsung is leveraging what it does best -- hardware -- and allowing new partners to do the same by relying on Microsoft’s PC installed base and Xbox gaming heritage to provide a more complete platform across different technologies.”Microsoft is developing its xCloud game-streaming service, a rival to Google Stadia, which will let people experience desktop-like graphics and sophistication on their mobile devices. Netflix has a whole set of criteria as to what makes a Netflix Recommended TV, which it uses to incentivize electronics makers to present its content in the best possible form. Both companies can benefit from having a role-model mobile hardware platform, such as Samsung’s Galaxy S20 family, to demo their best mobile offerings and to direct other manufacturers to emulate.Microsoft Bets on South Korea as Test Bed for 5G Cloud GamingNot all are convinced by Samsung’s approach to tie-ups. “There was no shortage of big names,” said Wood of CCS Insight. “But the partnerships appeared to hold limited potential to build a deep services ecosystem.”Still, the South Korean tech giant is a powerful draw. “Samsung -- like Apple and Huawei -- has its own center of gravity,” said Techsponential’s Greengart, adding that it’s capable of commanding attention through its events and products. That makes it an appealing partner for other big industry names and gives the company some assurance that it won’t succumb to the same fate that other pure hardware vendors, such as HTC Corp.’s smartphone business, have fallen prey to in the past.To contact the reporters on this story: Vlad Savov in Tokyo at vsavov5@bloomberg.net;Sohee Kim in Seoul at skim847@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
