Netflix: Best in Show?
Netflix (NASDAQ:NFLX) is the best performing stock for 2012 in the S&P 500, according to Steven Russolillo’s blog at the Wall Street Journal. But analysts may not be on board.Competitors Hulu and Amazon have Morgan Stanley concerned and the firm maintains a Equal-weight rating for Netflix. Canaccord Genuity maintained a Sell rating citing increasing content costs and subscriber losses according to the blog. Netflix is up today with other analysts touting subscriber recovery by the company.
Citigroup upped its rating from Neutral to Buy noting customer satisfaction as one of its reasons. Netflix may be giving analysts difficulty due to some major missteps. Maybe analysts just don’t want to be fooled by the turnaround story.
Here’s how Netflix stock reacted to earnings:
Netflix, Inc. (NASDAQ:NFLX): NFLX shares recently traded at $115.15, up $20.11, or 21.16%. They have traded in a 52-week range of $62.37 to $304.79. Volume today was 21,088,929 shares versus a 3-month average volume of 8,270,490 shares. The company’s trailing P/E is 26.17, while trailing earnings are $4.40 per share.
To contact the reporter on this story: at firstname.lastname@example.org
To contact the editor responsible for this story: Damien Hoffman at email@example.com