Company Update (NASDAQ:NFLX): Netflix Global Expansion Creating Exploding Subscriptions Black Market

[at Forbes] – Symantec research reveals a new wave of malware and phishing campaigns targeted at Netflix users Read more on this. Netflix, Inc. (NFLX) , with a current market cap of $36.96B, started trading this morning at $87.19. During the trading session, NFLX traded between $82.91 to $88.39 with a one year range of $58.46 to $133.27. NFLX shares are currently priced at 333.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s -1.04x earnings multiple. According to a consensus of 35 analysts, the earnings estimate of $0.04 per share would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $0.25, which would be a $0.03 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $1.97 Billion. If reported, that would be a 25.48% increase over the year-ago quarter. In terms of ratings, Piper Jaffray upgraded NFLX from Neutral to Overweight (Feb 2, 2016). Previously, Drexel Hamilton Initiated NFLX at to Buy. The average price target for NFLX shares by the analysts covering it is $125.83, which is 44.32% above where the stock opened. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – Finding Value in Flicks– Netflix, Liberty Global, Cablevision Systems, and Liberty Global Market Update: Netflix Inc (NASDAQ:NFLX) – Netflix global push grabs more customers Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage?
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.