Netflix subscriber miss stirs doubts about growth plan
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Canaccord Genuity Cuts Price Target on Netflix (NFLX) to $115 Following 2Q Report
July 19, 2016 10:30 AM EDTCanaccord Genuity maintained a Buy rating on Netflix (NASDAQ: NFLX), and cut the price target to $115.00 (from $120.00), following the company's 2Q earnings report. Total domestic net adds came in at 160k, substantially below the 500k guidance. International net adds missed as well,... More
Oppenheimer Cuts Price Target on Netflix (NFLX) to $114; Reiterates Outperform
July 19, 2016 10:01 AM EDTOppenheimer maintained an Outperform rating on Netflix (NASDAQ: NFLX), and cut the price target to $114.00 (from $123.00), following the company's 2Q earnings report. Revenue was largely in-line as US streaming revenue continued to outpace expenses. However both US and international streaming net adds came in below... More
Needham & Company Reiterates Hold on Netflix (NFLX) Following Sub Miss
July 19, 2016 9:37 AM EDTNeedham & Company reiterated a Hold rating on Netflix (NASDAQ: NFLX) following the company's 2Q report. NFLX reported a Sub miss with 46.0mm paid streaming subscribers in the U.S, and 33.9mm international subs, below guidance of 46.4mm in the U.S. and 34.3mm abroad.... More
