Tag Archives: bad-request

Netflix stock climbs on bullish BTIG report

Internet video service Netflix (NFLX) received its second bullish report in about as many trading days on Monday. BTIG Research analyst Richard Greenfield reiterated his buy rating on Netflix stock and raised his 12-month price target to 950 from 600. Netflix stock was up more than 2%, near 673, in midday trading on the stock market today. Netflix stock is approaching its all-time high of 692.79, reached on June 10. On Thursday, Oppenheimer analyst Jason Helfstein raised his 12-18 month price target on Netflix stock to 775 from 610 and maintained an outperform rating. Greenfield’s bullish note on Netflix is based on his view that the breakdown in the traditional media ecosystem is benefiting the streaming video service. “Netflix has a singular vision — ‘to replace linear TV,'” Greenfield said in a research note. “The traditional media ecosystem is simply ill-prepared to make the transition as they rely…

Kite Pharma, Bluebird Bio Team Up To Fight HPV

Biotechs Kite Pharma (KITE) and Bluebird Bio (BLUE) announced Monday that they’re collaborating on a new treatment for human papillomavirus (HPV), sending both stocks rising. The two companies plan to combine Kite’s expertise with T cell receptors (TCRs), components of cells that regulate the immune response, with Bluebird’s capabilities in gene editing and lentiviruses (harmless viruses that deliver gene therapies). They’re targeting HPV type 16,

Limelight, Level 3 Combo Seen As Strong Akamai Rival

Combining Limelight Networks and Level 3 Communications’ CDN business would create a formidable rival to Akamai Technologies (AKAM), speculates Macquarie Capital. Akamai is the No. 1 provider of content delivery network (CDN) services to media and entertainment companies. Broomfield, Colo.-based Level 3, a survivor of the telecom fiber-optic bust, last year acquired TW Telecom, continuing its roll-up of long-distance phone companies and becoming a