Netflix Shares Slide Despite Subscriber Boost (NewsFactor)
Netflix, Inc. (NASDAQ:NFLX)‘s revival of the comedy series “Arrested Development” didn’t reel in as many subscribers to the Internet video service as Wall Street had hoped, turning a solid second-quarter earnings report into a reality check. Even though Netflix, Inc. (NASDAQ:NFLX)’s profit more than quadrupled, the report released Monday flopped among investors because it didn’t live up to the lofty expectations propelling the company’s high-flying stock. The shares have nearly tripled since the beginning of the year, raising the pressure on Netflix, Inc. (NASDAQ:NFLX) to deliver spectacular numbers.
It takes a ‘war room’ to launch Netflix’s series (Elpasoinc)
Netflix, Inc. (NASDAQ:NFLX)’s Internet video subscription service works around the clock, but it’s unusual for more than two dozen of the company’s engineers and top managers to be huddled in a conference room at 10:30 on a midsummer Wednesday evening. This is a special occasion. It’s near the end of a grueling day that will culminate in the premiere of “Orange Is The New Black,” the fourth exclusive Netflix, Inc. (NASDAQ:NFLX) series to be released in five months. The show’s first episode is called “I Wasn’t Ready,” and everyone in the room has been logging long hours to ensure that the title doesn’t apply to the debut.
Netflix Price Target Raised to $285.00 at Goldman Sachs Group Inc. (NFLX) (DailyPolitical)
Investment analysts at Goldman Sachs Group, Inc. (NYSE:GS) hoisted their target price on shares of Netflix, Inc. (NASDAQ:NFLX) to $285.00 in a note issued to investors on Tuesday, StockRatingsNetwork.com reports. The firm currently has a “buy” rating on the stock. Goldman Sachs Group, Inc. (NYSE:GS)’s price objective suggests a potential upside of 13.88% from the stock’s previous close. Netflix, Inc. (NASDAQ:NFLX) traded down 2.03% on Tuesday, hitting $245.19. Netflix, Inc. (NASDAQ:NFLX) has a 52-week low of $52.81 and a 52-week high of $270.31. The stock’s 50-day moving average is currently $231.5. The company has a market cap of $13.766 billion and a price-to-earnings ratio of 613.38.
Google’s $35 Chromecast with free Netflix poses a real threat to Apple tv (FirstPost)
In addition to the much talked about Nexus 7 tablet, Google Inc (NASDAQ:GOOG) unveiled a gadget that will lean on its widely used Chrome Web browser and take aim at Apple Inc. (NASDAQ:AAPL) on another front — the living room. The new device, called Chromecast, is part of the company’s attempt to make it easier for people to access Internet content on their TVs. Chromecast is a small stick roughly the same size as a thumb drive that can be plugged into an HDMI port on flat-panel TVs. It brings Netflix, Inc. (NASDAQ:NFLX), Google Inc (NASDAQ:GOOG)’s YouTube site and other Internet content to what is usually the biggest screen in households.