|Bid||0.00 x 30000|
|Ask||0.00 x 6000|
|Day's range||297.46 - 303.73|
|52-week range||126.95 - 305.00|
|PE ratio (TTM)||202.40|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
A number of recent articles discuss Hollywood’s concern over the recent wave of multi-million dollar Netflix deals with stars like Shonda Rhimes, Ryan Murphy or the Obamas to produce content for the platform. In contrast to the dynamism of Netflix, the traditional movie industry is hamstrung by a business model that depends heavily on sequels, prequels and remakes of popular movies from several decades ago and where success seemingly depends on random or unknown factors. The simple truth is that right now, thanks to several global hits and a steady revenue stream from its 125 million subscribers, Netflix can afford to take risks and produce any project it wants and hire the talent required to make it a success.
Disney's Bob Iger, center, and Mickey Mouse ring the market's opening bell with NYSE's Tom Farley last November. As of late this week, Netflix was worth more, by market capitalization at least, than Disney or Comcast. For the rest of Memorial Day weekend at least, Netflix remains the world's most highly valued media and entertainment company.
Netflix has long loomed as a threat to established content providers like Disney and Comcast. In turn, the net worth of Netflix cofounder and CEO Reed Hastings has skyrocketed as well—over $1.4 billion so far this year—to an estimated $3.7 billion, according to Forbes’ real-time billionaire rankings. Hastings owns about 2.5% of Netflix’ stock, which includes a large number of options.
When I heard that Syfy was going to end prestige space opera The Expanse after only three seasons, I assumed it wouldn’t be the end. The show has nearly perfect scores from critics and even if ratings were dipping, it seemed like a prime acquisition target for either Netflix, who has been beefing up its highly successful slate of science fiction programming lately, or Amazon, forever trying to get Netflix’s goat. Netflix ultimately passed on The Expanse, but a few days ago, rumblings began that Amazon was “in talks” to save the show and bring it back for season four.
President Obama’s experience, talent and value are in front the camera, not behind it. Unless Netflix is really just paying him off for his now-defunct net-neutrality rules, then this week’s splashy production deal must rest on Netflix’s belief that he’s been hiding unsuspected gifts as an auteur. The Obama deal has been valued in the media at $65 million—almost exactly what Al Gore personally extracted from the cable industry for his Current TV carriage rights when he sold the unwatched cable channel to Al Jazeera in 2013.
The milestone for Netflix is the latest sign that investors remain faithful to the handful of technology and internet firms that have powered the broader market in the past few years.
Netflix, Amazon Prime Video and Hulu are turning out hundreds of hours of original video content each year and they show no signs of slowing down #tictocnews (Source: Bloomberg)
Netflix shares just hit their 27th all-time high of 2018, and one Netflix bull sees even more explosive gains ahead.
Some of the most highly rated companies will take their turn at earnings, including Lululemon and Ulta Beauty. Similarly, elite tech stocks like Salesforce.com and Workday also will report.
Netflix continues to attract more ownership by mutual funds and hedge funds, but fellow Nasdaq companies Cisco, Microsoft and Alphabet still have more fund shareholders.
Reed Hastings tends to be sanguine when asked about the video streaming service Netflix’s notorious refusal to release its ratings. In May 2017, speaking shortly after the cancellation of Baz Lurhmann’s long-awaited 1970s musical drama “The Get Down” after just one series, Hastings, Netflix’s co-founder, chairman and CEO, told CNBC’s “Squawk Alley” that he felt “our hit ratio is way too high right now. In the year since he made those remarks, Hastings has gotten his wish: 13 shows have been canceled over the course of the last 12 months.
Fidelity Investments recommends saving twice your income by the age of 35. Even some cash-strapped families have reached that goal.
Roku Inc. shares are up 4.5% in Friday trading after short sellers at Citron Research said they had changed their stance on Roku and now have a long position in the stock. "Roku is trading at the largest discount ever to over-the-top peers despite being the only OTT pure play that generates ad revenue," wrote the Citron team in a report. "With the recent surge in Netflix Inc. stock, Netflix could look towards advertising to generate new revenue and could easily acquire Roku." Citron initiated a short position in Roku in late November.
Titmouse produces animated programming for kids and adults, airing on networks including Adult Swim, Netflix and Amazon. If you’re a fan of contemporary animation, chances are you’ve run across the work of Titmouse, the award-winning production company behind Netflix’ Big Mouth, Amazon’s Little Big Awesome and Niko and the Sword of Light, and the long-running Adult Swim classic The Venture Bros, among many others.
The stock market has tossed and turned this week in reaction to changes in the negotiations with North Korea and the looming threat of trade wars, but overall, it continues to act positive. This is consistent with the fact that the advance/decline lines, which had been in the corrective mode since March, finally completed their corrective patterns two weeks ago. NEW YORK, NY - MAY 21: Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange (NYSE), May 21, 2018 in New York City. Much of the concern was focused on Facebook (FB), after the news about Cambridge Analytica was revealed in the middle of March. As investors tried to evaluate the implications for the stock price of FB, many investors sold the other FANG members, as well as a number of the other big-cap tech stocks.
Shares of Roku spiked Friday after short-seller Citron Research said it is reversing its negative view on the maker of streaming players, given a major shift away from the traditional cable television subscription model.
The Dow just might saunter to a weekly win. Count JonesTrading’s Michael O’Rourke among the strategists marveling at the stock market’s resilience. Ahead of 2018’s 101st session, he offers a chart that ...
Netflix's stock market value ballooned to a record $153 billion (114.47 billion pounds) on Thursday and eclipsed Walt Disney Co for the first time, making it the world's most valuable entertainment company, following a monumental shift by viewers away from cinemas and cable television. Lifted by a blitz of original programs and 125 million global subscribers, some of whom have given up cable television packages, Netflix's stock has surged 80 percent so far in 2018, more than any other company in the S&P 500. Since Netflix's initial public offer in 2002, when it was a mail-order DVD service, its shares have surged nearly 33,000 percent.
Jim Cramer addresses Netflix's stock passing Disney's in market cap and puts it in context with the current investing environment.
Friday, May 25: President Donald Trump cancels on Kim Jong Un but leaves possibility of meeting open, Netflix becomes more valuable than Comcast or Disney, Michelle Obama reveals book cover. Yahoo Finance’s Dan Roberts leads you into the weekend.