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NFLX

Netflix

$360.41

11.53 (3.30%)

16:07
04/16/19
04/16
16:07
04/16/19
16:07

Netflix projects acceleration in streaming ARPU, revenue growth in Q2 vs. Q1

Netflix said: "We forecast an acceleration in both streaming ARPU (+2% vs. -2%) and total revenue growth (26% vs. 22%) in Q2 vs. Q1. Excluding currency, we forecast streaming ARPU and total revenue would rise 7% and 32%, respectively in Q2. While there will be some quarter-to-quarter lumpiness in operating margins due to the timing of spending, our full year 2019 operating margin target of 13% is unchanged, which means that we expect operating margin in the second half of the year will be higher than the first half."

  • 16

    Apr

NFLX Netflix
$360.41

11.53 (3.30%)

04/16/19
DBAB
04/16/19
UPGRADE
DBAB
Buy
Netflix upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold ahead of tonight's Q1 results.
04/16/19
DBAB
04/16/19
UPGRADE
Target $400
DBAB
Buy
Deutsche Bank upgrades Netflix to Buy, sees $400 stock in 12 months
Deutsche Bank analyst Bryan Kraft upgraded Netflix to Buy from Hold and raised his price target for the shares to $400 from $360. The streaming service, which reports Q1 results after the bell tonight, closed yesterday down $2.27 to $348.87. Consensus subscriber expectations for both 2019 and 2020 now seem conservative, Kraft tells investors in a research note. Further, Netflix shares have "de-rated enough," which makes the risk/reward profile attractive, adds the analyst. He sees the company's growth in revenue taking the stock to $400 over the next 12 months as the valuation shifts from 2019 to 2020 estimates. Netflix is winning the battle for talent and "looking more and more like a platform every day, rather than just an application," according to Kraft.
04/16/19
BMOC
04/16/19
NO CHANGE
Target $470
BMOC
Outperform
Netflix price target raised to $470 from $440 at BMO Capital
BMO Capital analyst Daniel Salmon raised his price target on Netflix (NFLX) to $470 and kept his Outperform rating ahead of its Q1 earnings today, saying he expects "strong results" from the company. The analyst bases his price target change on his rolled out estimates for 2021-2028 and believes that Netflix still has "room to grow" internationally - particularly in India and Japan - while improving its per subscriber leverage on content spend and generating "steady growth of its consumer product licensing revenues." Salmon also believes that while Netflix remains the clear leader in global streaming, Amazon (AMZN) and Disney (DIS) can also be "long-term winners" in the sector.
04/16/19
04/16/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at Deutsche Bank with analyst Bryan Kraft saying consensus subscriber expectations for both 2019 and 2020 now seem conservative. 2. Cenovus Energy (CVE) upgraded to Neutral from Sell at Goldman Sachs with analyst Neil Mehta citing improvements to the company's leverage outlook and a more constructive commodity price environment, particularly for Canadian heavy crude. 3. Cummins (CMI) upgraded to Buy from Neutral at Citi with analyst Timothy Thein saying he sees upside to 2019 estimates and thinks the company's out-year cash flows "stay higher for longer based on end market diversity and increasing contribution from the aftermarket." 4. Western Digital (WDC) upgraded to Buy from Hold at Deutsche Bank with analyst Sidney Ho starting to see favorable data points in both hard disk drive and NAND that will support a "solid" second half of the year recovery for Western Digital's earnings. 5. e.l.f. Beauty (ELF) upgraded to Buy from Neutral at DA Davidson with analyst Linda Bolton Weiser citing the findings of her proprietary store checks suggesting that the company products have seen a 17% increase in shelf space at Target (TGT), overtaking Coty's (COTY) Covergirl brand, while its Q1 sales "inflected from down high-single digits" in Q4 to low-single digits. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

CYBR

CyberArk

$125.66

-0.38 (-0.30%)

06:19
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    May

BAYRY

Bayer

$0.00

(0.00%)

06:19
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06:19
Hot Stocks
Breaking Hot Stocks news story on Bayer »

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HZO

MarineMax

$19.84

0.48 (2.48%)

06:19
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06:19
Earnings
MarineMax reports Q2 EPS 23c, consensus 31c »

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EL

Estee Lauder

$170.39

-0.67 (-0.39%)

06:18
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06:18
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Estee Lauder analyst commentary  »

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BAYRY

Bayer

$0.00

(0.00%)

06:18
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06:18
Earnings
Bayer reports Q1 core EPS EUR2.55 vs. EUR2.24 last year »

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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:18
04/25/19
04/25
06:18
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06:18
Earnings
LKQ Corp. still sees 2019 adjusted EPS $2.34-$2.46, consensus $ »

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AGR

Avangrid

$52.60

0.245 (0.47%)

06:17
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06:17
Downgrade
Avangrid rating change  »

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CX

Cemex

$4.83

0.05 (1.05%)

06:17
04/25/19
04/25
06:17
04/25/19
06:17
Earnings
Cemex reports Q1 revenue $3.2B, consensus $3.35B »

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LKQ

LKQ Corp.

$31.46

0.12 (0.38%)

06:16
04/25/19
04/25
06:16
04/25/19
06:16
Earnings
LKQ Corp. reports Q1 adjusted EPS 56c, consensus 56c »

Reports Q1 revenue $3.1B,…

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    Nov

FBC

Flagstar Bancorp

$35.44

0.355 (1.01%)

06:16
04/25/19
04/25
06:16
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06:16
Downgrade
Flagstar Bancorp rating change  »

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WYNN

Wynn Resorts

$144.35

1.35 (0.94%)

06:15
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Wynn Resorts rating change  »

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  • 07

    May

SAVE

Spirit Airlines

$58.30

0.82 (1.43%)

06:15
04/25/19
04/25
06:15
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06:15
Downgrade
Spirit Airlines rating change at BofA/Merrill »

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PNM

PNM Resources

$45.22

0.33 (0.74%)

06:15
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04/25
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06:15
Upgrade
PNM Resources rating change  »

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  • 07

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BA

Boeing

$375.32

1.28 (0.34%)

, EADSY

Airbus

$0.00

(0.00%)

06:14
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04/25
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06:14
Periodicals
Boeing removes 210 orders from backlog after Jet stops operations, Reuters says »

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BA

Boeing

$375.32

1.28 (0.34%)

EADSY

Airbus

$0.00

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DAN

Dana

$20.13

-0.16 (-0.79%)

, F

Ford

$9.58

0.08 (0.84%)

06:14
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Hot Stocks
Dana, Motiv announce collaboration on Ford F-550 for commercial fleet use »

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DAN

Dana

$20.13

-0.16 (-0.79%)

F

Ford

$9.58

0.08 (0.84%)

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FBNC

First Bancorp

06:14
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  • 09

    May

PYPL

PayPal

$107.18

0.27 (0.25%)

06:14
04/25/19
04/25
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06:14
Hot Stocks
Happy Returns announces strategic investment from PayPal »

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  • 09

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SAP

SAP

$129.01

14.17 (12.34%)

06:14
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SAP rating change  »

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  • 07

    May

WNS

WNS Holdings

$56.45

0.73 (1.31%)

06:14
04/25/19
04/25
06:14
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06:14
Earnings
WNS Holdings sees FY20 adjusted EPS $2-67-$2.90, consensus $2.81 »

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  • 25

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NOK

Nokia

$5.78

-0.015 (-0.26%)

06:14
04/25/19
04/25
06:14
04/25/19
06:14
Earnings
Nokia sees FY20 EPS EUR 0.37-EUR 0.42 »

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  • 25

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NTB

Butterfield

$37.30

-0.18 (-0.48%)

06:13
04/25/19
04/25
06:13
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06:13
Earnings
Butterfield reports Q1 EPS 96c, consensus 88c »

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WNS

WNS Holdings

$56.45

0.73 (1.31%)

06:12
04/25/19
04/25
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06:12
Earnings
WNS Holdings reports Q4 adjusted EPS 73c, consensus 68c »

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NOK

Nokia

$5.78

-0.015 (-0.26%)

06:12
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04/25
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04/25/19
06:12
Earnings
Nokia sees FY19 EPS EUR 0.25-EUR 0.29 »

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FB

Facebook

$182.64

-1.13 (-0.61%)

06:12
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04/25
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06:12
Upgrade
Facebook upgraded to Buy from Neutral at UBS »

UBS analyst Eric Sheridan…

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WCN

Waste Connections

$89.28

0.01 (0.01%)

06:11
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04/25
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06:11
Upgrade
Waste Connections rating change at Stifel »

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