Breaking News Instant updates and real-time market news.

NFLX

Netflix

$315.10

-10.04 (-3.09%)

07:37
07/20/19
07/20
07:37
07/20/19
07:37

Netflix's problems have only just begun, Barron's says

Netflix has a problem and the company's strengths-including scale, value, and a vast library-may not be enough to make up for shortfalls in show quality, Tae Kim writes in this week's edition of Barron's. Following quarterly results, Netflix's aura of invincibility is under question as the company stunned Wall Street with subscriber growth that came in nearly 45% lower than Netflix's own projections, the author notes, adding that pricing and content are the two critical issues in the disappointment. Reference Link

  • 03

    Aug

NFLX Netflix
$315.10

-10.04 (-3.09%)

07/18/19
MSCO
07/18/19
NO CHANGE
Target $450
MSCO
Overweight
Morgan Stanley offers reasons 'not to overreact' to Netflix subscriber miss
Morgan Stanley analyst Benjamin Swinburne offered several "arguments not to overreact" to Netflix's Q2 subscriber miss, beginning by noting that the company has missed its quarterly net additions forecast once a year in each of the last three years. In all three of these cases, the company has outperformed meaningfully the following quarter, he pointed out and in two cases the miss came in the seasonally light second quarter. Additionally, the magnitude of this miss relative to the size of the business is similar to prior misses, said Swinburne, who contends that Netflix's ability to forecast has not meaningfully changed. The analyst, whose full year net additions, revenue and earnings estimates are largely unchanged following last night's report, keeps an Overweight rating and $450 price target on Netflix shares.
07/18/19
WBLR
07/18/19
NO CHANGE
WBLR
Outperform
Netflix fundamentals unchanged after Q2 subscriber miss, says William Blair
In three of the last four second quarters, including last night, Netflix has missed subscriber guidance, William Blair analyst Ralph Schackart tells investors in a research note. In 2016 and 2018, misses in Q2 were both followed by "strong beats" to the tune of 1M subscribers in Q3, added the analyst. Further, he notes that management said Q3 of 2019 was off to a strong start in terms of subscriber additions, attributable to Stranger Things. Schackart believes Netflix's fundamentals have not changed as the company "continues its march into streamed TV." From here, the analyst sees roughly 18% share upside over the next 12 months using a long-term earnings valuation framework, which models compounded earnings growth of 34% through 2025 and a multiple of 26 times forward earnings. He forecasts 298M global subscribers at year-end 2025, and a stock price of roughly a $621 stock by 2024, with a discounted value today of roughly $378. Schackart keeps an Outperform rating on Netflix shares.
07/18/19
ADAM
07/18/19
NO CHANGE
Target $415
ADAM
Buy
Netflix subscriber weakness likely temporary, says Canaccord
Canaccord analyst Michael Graham noted Netflix reported mixed results as the subscriber net additions missed guidance and his estimates, but revenue growth accelerated for the second straight quarter, and Q3 subscriber growth should accelerate on international strength. The analyst said the subscriber miss may weigh on the shares but he still sees a strong content strategy and room to add large numbers of international subscriptions going forward. Graham reiterated his Buy rating and $415 price target on Netflix shares.
07/19/19
NEED
07/19/19
NO CHANGE
NEED
Hold
Netflix sub losses are the 'new normal', says Needham
Needham analyst Laura Martin keeps her Hold rating on Netflix (NFLX) after its Q2 net subscriber adds missed expectations with a loss of 130K U.S. subs, saying her survey of subscribers to glean the cause of churn suggests that losses may be the "new normal" for the company. The analyst notes that the churn has been linked to the "relative perceived content quality" each month with SVOD services being "not additive", as evidenced by 12% of Netflix's subscribers responding that they turned off their service to watch Game of Thrones in Q2. Martin adds that the launch of Disney+ (DIS) priced at $5.83 per month with a 1-year contract will hurt Netflix's U.S. subs unless it can also discount its service.

TODAY'S FREE FLY STORIES

HPQ

HP Inc.

$18.96

0.01 (0.05%)

15:04
08/22/19
08/22
15:04
08/22/19
15:04
Options
HP Inc. options imply 9.7% move in share price post-earnings »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 10

    Sep

KKR

KKR

$25.74

0.04 (0.16%)

15:00
08/22/19
08/22
15:00
08/22/19
15:00
Periodicals
Breaking Periodicals news story on KKR »

KKR looking into sale of…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

CRM

Salesforce

$147.63

0.23 (0.16%)

14:49
08/22/19
08/22
14:49
08/22/19
14:49
Options
Salesforce options imply 8.6% move in share price post-earnings »

Pre-earnings options…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 28

    Aug

  • 28

    Aug

  • 12

    Dec

  • 16

    Dec

MYGN

Myriad Genetics

$23.88

-1.24 (-4.94%)

14:44
08/22/19
08/22
14:44
08/22/19
14:44
Recommendations
Myriad Genetics analyst commentary at Piper Jaffray »

LCD's incrementally…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Sep

  • 13

    Nov

PINC

Premier

$37.88

0.1 (0.26%)

14:36
08/22/19
08/22
14:36
08/22/19
14:36
Recommendations
Premier analyst commentary at Piper Jaffray »

Piper says Premier…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 19

    Nov

  • 20

    Nov

CAH

Cardinal Health

$43.87

0.31 (0.71%)

14:35
08/22/19
08/22
14:35
08/22/19
14:35
Options
Cardinal Health put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 09

    Sep

MO

Altria Group

$46.24

-0.01 (-0.02%)

14:30
08/22/19
08/22
14:30
08/22/19
14:30
Hot Stocks
Altria Group raises quarterly dividend to 84c per share from 80c »

Altria Group announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AMGN

Amgen

$204.11

0.27 (0.13%)

, ALXN

Alexion

$125.28

10.41 (9.06%)

14:29
08/22/19
08/22
14:29
08/22/19
14:29
On The Fly
Analyst says rumored Amgen bid for Alexion 'could make a ton of sense' »

After Spanish publication…

AMGN

Amgen

$204.11

0.27 (0.13%)

ALXN

Alexion

$125.28

10.41 (9.06%)

RHHBY

Roche

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Aug

  • 02

    Sep

  • 06

    Sep

  • 09

    Sep

  • 16

    Sep

  • 19

    Sep

  • 02

    Oct

  • 19

    Oct

  • 04

    Nov

FL

Foot Locker

$41.82

2.06 (5.18%)

, HIBB

Hibbett Sports

$17.04

0.88 (5.45%)

14:29
08/22/19
08/22
14:29
08/22/19
14:29
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

FL

Foot Locker

$41.82

2.06 (5.18%)

HIBB

Hibbett Sports

$17.04

0.88 (5.45%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 23

    Aug

  • 23

    Aug

  • 19

    Sep

  • 25

    Sep

CRM

Salesforce

$147.66

0.26 (0.18%)

, INTU

Intuit

$276.18

-0.16 (-0.06%)

14:28
08/22/19
08/22
14:28
08/22/19
14:28
Earnings
Notable companies reporting after market close »

Notable companies…

CRM

Salesforce

$147.66

0.26 (0.18%)

INTU

Intuit

$276.18

-0.16 (-0.06%)

VMW

VMware

$147.20

-0.84 (-0.57%)

ROST

Ross Stores

$107.05

1.37 (1.30%)

HPQ

HP Inc.

$18.95

(0.00%)

GPS

Gap

$17.58

0.62 (3.66%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 22

    Aug

  • 28

    Aug

  • 28

    Aug

  • 10

    Sep

  • 25

    Sep

  • 10

    Oct

  • 27

    Oct

  • 12

    Dec

  • 16

    Dec

SPLK

Splunk

$117.83

-10.68 (-8.31%)

14:24
08/22/19
08/22
14:24
08/22/19
14:24
Recommendations
Splunk analyst commentary at BMO Capital »

BMO Capital remains…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 28

    Aug

  • 15

    Oct

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

14:17
08/22/19
08/22
14:17
08/22/19
14:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

$NYE

NYSE Market Internals

$0.00

(0.00%)

14:16
08/22/19
08/22
14:16
08/22/19
14:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

WLL

Whiting Petroleum

$8.41

-0.28 (-3.22%)

14:15
08/22/19
08/22
14:15
08/22/19
14:15
Options
Whiting Petroleum put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Aug

  • 08

    Oct

  • 09

    Oct

14:15
08/22/19
08/22
14:15
08/22/19
14:15
General news
Breaking General news story  »

Minneapolis Federal…

NWS

News Corp

$14.48

0.02 (0.14%)

, NWSA

News Corp.

$14.17

0.07 (0.50%)

14:12
08/22/19
08/22
14:12
08/22/19
14:12
Periodicals
News Corp prepares news app to address concerns with Google, Facebook, WSJ says »

News Corp (NWSA) is…

NWS

News Corp

$14.48

0.02 (0.14%)

NWSA

News Corp.

$14.17

0.07 (0.50%)

GOOG

Alphabet

$1,191.47

0.68 (0.06%)

GOOGL

Alphabet Class A

$1,192.10

1.84 (0.15%)

FB

Facebook

$181.72

-1.84 (-1.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 15

    Sep

  • 23

    Sep

  • 24

    Sep

  • 27

    Oct

AMZN

Amazon.com

$1,815.98

-7.21 (-0.40%)

14:00
08/22/19
08/22
14:00
08/22/19
14:00
Periodicals
Amazon acquires 49% interest in India's Future Coupons, TechCrunch reports »

Amazon has acquired a 49%…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 27

    Oct

BTHE

Boston Therapeutics

$0.00

(0.00%)

13:56
08/22/19
08/22
13:56
08/22/19
13:56
Hot Stocks
Boston Therapeutics BTI320 Phase 2 study achieves full enrollment »

Boston Therapeutics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AAPL

Apple

$212.87

0.18 (0.08%)

, BABA

Alibaba

$171.93

-3.26 (-1.86%)

13:55
08/22/19
08/22
13:55
08/22/19
13:55
Periodicals
EU targets Apple, Google, others with EUR100B wealth fund plan, Politico says »

EU officials want to set…

AAPL

Apple

$212.87

0.18 (0.08%)

BABA

Alibaba

$171.93

-3.26 (-1.86%)

GOOG

Alphabet

$1,191.36

0.57 (0.05%)

GOOGL

Alphabet Class A

$1,192.66

2.4 (0.20%)

AMZN

Amazon.com

$1,815.25

-7.94 (-0.44%)

FB

Facebook

$182.08

-1.48 (-0.81%)

MSFT

Microsoft

$137.45

-1.32 (-0.95%)

BIDU

Baidu

$105.36

-2.55 (-2.36%)

TCEHY

Tencent

$0.00

(0.00%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 03

    Sep

  • 04

    Sep

  • 04

    Sep

  • 06

    Sep

  • 10

    Sep

  • 15

    Sep

  • 24

    Sep

  • 27

    Oct

SEDG

SolarEdge

$80.94

-6.93 (-7.89%)

13:55
08/22/19
08/22
13:55
08/22/19
13:55
Options
SolarEdge put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BNPQY

BNP Paribas

$0.00

(0.00%)

13:44
08/22/19
08/22
13:44
08/22/19
13:44
Periodicals
BNP Paribas cutting 500 jobs at securities services arm in France, Reuters says »

BNP Paribas will cut…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

ETR

Entergy

$111.35

-0.32 (-0.29%)

13:39
08/22/19
08/22
13:39
08/22/19
13:39
Syndicate
Breaking Syndicate news story on Entergy »

Entergy files automatic…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 10

    Nov

TELL

Tellurian

$9.04

0.75 (9.05%)

13:25
08/22/19
08/22
13:25
08/22/19
13:25
Options
Tellurian call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

13:25
08/22/19
08/22
13:25
08/22/19
13:25
General news
Treasury's $7 B 30-year TIPS reopening was well received »

Treasury's $7 B…

13:21
08/22/19
08/22
13:21
08/22/19
13:21
General news
30-Yr TIPS Auction Bid/Cover data reported »

30-Yr TIPS Auction…

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.