Tag Archives: nflx

Netflix coming up aces with ‘House of Cards’ season premiere

Netflix (NFLX) stock hit an all-time high Thursday on the eve of the second-season premiere of its critically acclaimed drama “House of Cards.” Netflix stock was up 2%, near 438, in afternoon trading on the stock market today. Earlier in the session, Netflix stock hit a record high of 439.35. Netflix stock is up 19% year to date, after jumping 298% last year. Netflix also is riding a wave of content acquisition deals and strong subscriber gains. On Thursday, Netflix announced an exclusive licensing deal with the Walt Disney Co.’s (DIS) Lucasfilm Animation and Disney/ABC Television Group to bring the sixth and final season of “Star Wars: The Clone Wars” to Netflix subscribers. The 13-episode season, dubbed “The Lost Missions,” will be available for streaming in the U.S. and Canada on March 7. The multiyear agreement also makes Netflix the exclusive subscription service for the entire “Star Wars: The…

Netflix talks price hikes, international expansion

Netflix (NFLX) is running with the bulls Thursday after posting breakout results for the fourth quarter late Wednesday. But some analysts are worried investors might get gored, considering Netflix’s rich valuation and other concerns. The subscription streaming-video leader earned 79 cents a share in Q4 vs. 13 cents in Q4 2012, beating analyst forecasts by 13 cents. Here was IBD’s report. Revenue rose 24% to $1.18 billion, edging forecasts for $1.17 billion. It was the fourth straight quarter of accelerating sales growth. Netflix  (NFLX) stock was up 16%, near 387, in early afternoon trading in the stock market today. Earlier in the session, Netflix stock hit an all-time high of 395.54. A few analysts suggest Netflix stock is getting frothy. “We have difficulty justifying this valuation given the risks,” Jefferies analyst Brian Fitzgerald said in a research note Thursday. Netflix was trading at 93 times his forecast for 2014 earnings per…

Netflix Surges On Blowout Earnings, Bullish Guidance

Netflix proved late Wednesday that it’s still a fast grower, thrilling with Q4 earnings growth that smashed Wall Street’s target. The subscription streaming video service earned 79 cents a share vs. 13 cents a year earlier, beating analyst forecasts by 13 cents. Revenue rose 24% vs. a year earlier to $1.18 billion, just topping forecasts for $1.17 billion. That was the fourth straight quarter of accelerating sales growth. Netflix (NFLX) shares