Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] Smartphone Stars: Netflix, Facebook and Alphabet

[at Barrons.com] – A recent analysis of which applications smartphone users are downloading bodes well for Facebook (FB), Alphabet (GOOGL) and Netflix (NFLX). It also highlights challenges for Pandora (P) and Twitter (TWTR). Alphabet, formerly known as Google, is expected to earn $24.2 billion this year, more than any other company except for Apple (AAPL). Read more on this. Netflix, Inc. (NFLX) , currently valued at $42.08B, started trading this morning at $99.51. During the trading session, NFLX traded between $98.11 to $99.60 and has traded between $58.46 and $133.27 over the past 12 months. NFLX shares are currently priced at 374.46x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -0.78x forward p/e ratio. 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. The full-year EPS estimate is $0.26 which would be a $0.02 worse than last year’s full-year earnings. 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. Recently, FBR Capital downgraded NFLX from Outperform to Mkt Perform (Feb 12, 2016). Previously, Piper Jaffray upgraded NFLX from Neutral to Overweight. The average price target for NFLX shares by the analysts covering the stock is $124.95, which is 25.57% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update (NASDAQ:NFLX): Will 2016 De-FANG Facebook, Amazon, Netflix, Google? Market Update: Netflix Inc (NASDAQ:NFLX) – If Netflix Sinks or Soars, This Trade Will Pay Off Stock Update (NASDAQ:NFLX): Studying the Charts – Research on Netflix, Amazon.com, Alphabet and Facebook