Netflix (NFLX) Earning Somewhat Positive News Coverage, Analysis Finds
Headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Netflix earned a coverage optimism score of 0.10 on Accern’s scale. Accern also assigned media stories about the Internet television network an impact score of 44.9510469942869 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Even with streaming video, a third of Americans still buy and rent (finance.yahoo.com)
- Secrets Behind Huge Stock Price Gains By Apple, FANG Stocks, Alibaba and Tencent (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Netflix Inc. (finance.yahoo.com)
- Why Netflix Could Rise By 17% (msn.com)
- RBC's Mahaney Says Net Neutrality Doesn't Impact Netflix (finance.yahoo.com)
Shares of Netflix (NFLX) traded down $0.57 on Friday, hitting $195.75. The stock had a trading volume of 2,160,300 shares, compared to its average volume of 6,664,596. Netflix has a one year low of $113.95 and a one year high of $204.38. The company has a market cap of $84,953.77, a PE ratio of 198.30, a price-to-earnings-growth ratio of 5.83 and a beta of 1.39. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The firm had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the previous year, the company posted $0.12 earnings per share. The firm’s revenue was up 30.3% on a year-over-year basis. research analysts anticipate that Netflix will post 1.26 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the company. Zacks Investment Research cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday. B. Riley reiterated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Loop Capital reiterated a “buy” rating and issued a $237.00 price target on shares of Netflix in a research note on Thursday, October 26th. Needham & Company LLC reiterated a “neutral” rating on shares of Netflix in a research note on Thursday, October 19th. Finally, Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target for the company in a research note on Thursday, October 19th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and thirty-two have given a buy rating to the stock. Netflix presently has a consensus rating of “Buy” and a consensus price target of $207.20.
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In other news, Director Richard N. Barton sold 2,000 shares of the stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $165.72, for a total value of $331,440.00. Following the completion of the transaction, the director now directly owns 8,012 shares in the company, valued at approximately $1,327,748.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total value of $14,766,438.75. Following the completion of the transaction, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Insiders sold a total of 326,935 shares of company stock valued at $63,034,672 over the last quarter. 4.90% of the stock is owned by corporate insiders.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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