Tag Archives: nflx

Netflix competitive threats overblown, Guggenheim says

Netflix (NFLX) stock has been impacted lately by the threat of growing competition, but Guggenheim Securities on Friday said those concerns are overblown. Guggenheim analyst Michael Morris reiterated his buy rating on Netflix stock with a price target of 160. Netflix was down more than 1% to about 98 in afternoon trading on the stock market today. Increased investments by streaming video rivals such as Amazon.com (AMZN) and Hulu are representative

Why Netflix Shouldn’t Be Worried About Apple

Netflix (NFLX) shares have gotten slammed the past seven sessions, in part because of reports about Apple (AAPL) potentially getting into the original content game — but the video streamer’s stock is up sharply today. And as Apple announces new products and software updates at its special event Wednesday, Oppenheimer says that concerns about its Hollywood ambitions affecting Netflix are overblown. An Oppenheimer analyst reiterated his outperform

Netflix steps up Asian expansion plans

Fresh off its debut in Japan, Netflix (NFLX) on Tuesday announced plans to continue its Asian expansion in early 2016 with launches in South Korea, Singapore, Hong Kong and Taiwan. Netflix began offering its Internet television service in Japan, its first Asian market, on Sept. 2. The Los Gatos, Calif.-based company plans to be in about 200 countries by the end of 2016, completing its global rollout. It currently offers service in more than 50