Netflix (NFLX) Earning Somewhat Positive Press Coverage, Report Shows
News headlines about Netflix (NASDAQ:NFLX) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Netflix earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the Internet television network an impact score of 44.7301845919486 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s scoring:
- Netflix’s (NFLX) Overweight Rating Reaffirmed at Piper Jaffray Companies (americanbankingnews.com)
- Why Netflix, Inc. (NFLX) Stock is Rallying Today (investorplace.com)
- Indexes Slip Early; FANG Stock Bares Teeth, Approaches Buy Point (feedproxy.google.com)
- 3 Top Stocks to Buy in October (fool.com)
- Netflix’s (NFLX) “Buy” Rating Reaffirmed at UBS AG (americanbankingnews.com)
NFLX has been the subject of a number of recent research reports. Sanford C. Bernstein set a $203.00 target price on Netflix and gave the stock a “buy” rating in a report on Wednesday, August 30th. Canaccord Genuity raised their price target on Netflix from $165.00 to $175.00 and gave the company a “buy” rating in a report on Friday, June 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $185.00 price target (up from $175.00) on shares of Netflix in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $175.00 price target on shares of Netflix in a report on Friday, June 16th. Finally, Vetr cut Netflix from a “sell” rating to a “strong sell” rating and set a $162.49 price target for the company. in a report on Monday, September 18th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $181.03.
Shares of Netflix (NFLX) opened at 184.45 on Thursday. The stock’s 50 day moving average price is $177.18 and its 200-day moving average price is $163.06. The company has a market cap of $79.64 billion, a PE ratio of 224.39 and a beta of 1.09. Netflix has a one year low of $97.63 and a one year high of $191.50.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Monday, July 17th. The Internet television network reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01). Netflix had a return on equity of 12.82% and a net margin of 3.55%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. On average, analysts expect that Netflix will post $1.17 EPS for the current year.
In other news, insider Jonathan Friedland sold 2,496 shares of the firm’s stock in a transaction that occurred on Wednesday, July 19th. The shares were sold at an average price of $182.17, for a total transaction of $454,696.32. Following the completion of the sale, the insider now owns 1,232 shares in the company, valued at approximately $224,433.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Gregory K. Peters sold 12,768 shares of the firm’s stock in a transaction that occurred on Tuesday, July 18th. The stock was sold at an average price of $177.38, for a total transaction of $2,264,787.84. Following the sale, the insider now owns 19,208 shares of the company’s stock, valued at approximately $3,407,115.04. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 310,325 shares of company stock valued at $55,807,018. 4.90% of the stock is currently owned by company insiders.
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Netflix Company Profile
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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