Streetbeat News

NFLX

Netflix, Inc.

https://www.netflix.com

Industry

Entertainment

Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices. It also provides DVDs-by-mail membership services in the United States. The company has approximately 222 million paid members in 190 countries. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.

Open

781.37

Mkt cap

340B

Volume

High

798.21

P/E Ratio

44.95

52-wk high

798.21

Low

779.94

Div yield

N/A

52-wk low

434.35

Earnings reports for January 23, 2024, are scheduled for a wide range of companies across various sectors. Notable companies reporting before the bell include Lockheed Martin, Procter & Gamble, Johnson & Johnson, and General Electric, with expectations of earnings per share (EPS) ranging from $0.40 to $7.26. After the bell, companies such as Netflix, Texas Instruments, and Intuitive Surgical are expected to report, with EPS estimates ranging from a loss of $0.04 to a profit of $2.66. The revenue forecasts for these companies vary significantly, from as low as $16.70 million to as high as $34.58 billion.

Portfolio Pulse from Benzinga Insights

January 23, 2024 | 10:03 am

Netflix Inc. (NASDAQ:NFLX) will start streaming 'Crossroads,' Britney Spears' 2002 debut film, globally on February 15. The film, which also stars Zoë Saldana and was written by Shonda Rhimes, coincides with its original release date. Additionally, Scott Stuber, a key figure in Netflix's success, is set to leave the company in March to start his own production business.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 8:14 am

The CNN Money Fear and Greed index remained in 'Greed' territory on Monday, with the Dow Jones closing above 38,000 for the first time. Archer-Daniels-Midland's stock fell over 24% due to an investigation into its accounting practices, while Macy's shares rose 3.6% after rejecting a takeover bid. U.S. leading index declined less than expected. Sectors like industrials and real estate gained, while utilities and consumer discretionary fell. Investors are looking forward to earnings from Johnson & Johnson, Procter & Gamble, Netflix, and Verizon.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 7:33 am

Investors are watching Verizon, United Airlines, Netflix, Johnson & Johnson, and Procter & Gamble as they report earnings. Verizon is expected to post $1.08 EPS on $34.58 billion revenue. United Airlines reported better-than-expected Q4 results but forecasts a wider Q1 loss, causing shares to surge 6.1%. Netflix is anticipated to earn $2.22 per share on $8.72 billion revenue. Johnson & Johnson is projected to report $2.28 EPS on $20.99 billion revenue. Procter & Gamble is expected to post $1.70 EPS on $21.47 billion revenue.

Portfolio Pulse from Avi Kapoor

January 23, 2024 | 6:53 am

Scott Stuber, head of Netflix's movie studio, is leaving the company to start his own media business after the March Academy Awards. His departure marks the end of a significant era for Netflix, which is set to announce Q4 earnings later on Tuesday. Netflix has seen substantial growth, with a 50% increase in operating profits over the past year and a recovery post-Hollywood writers' strike. Stuber's exit could affect Netflix's future film strategy and growth.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 5:46 am

Stocks of Digital World Acquisition Corp (DWAC), Netflix (NFLX), United Airlines (UAL), Archer-Daniels-Midland (ADM), and Tesla (TSLA) were in focus. DWAC surged 88.36% after an endorsement of Trump by Florida's Governor. Netflix saw a modest gain ahead of its Q4 earnings report. United Airlines dipped slightly despite positive Q4 results. ADM shares fell 24.20% amid an accounting investigation. Tesla's stock decreased by 1.60% following Jim Cramer's suggestion to remove it from the 'Magnificent Seven' index.

Portfolio Pulse from Benzinga Neuro

January 23, 2024 | 2:07 am

The Detroit Lions are approaching their first NFC Championship game in 32 years, with improved odds of winning Super Bowl LVIII. The article highlights technological and cultural phenomena that did not exist in 1992, the last time the Lions were this close to the Super Bowl, including companies like Amazon and Apple, social media platforms, cryptocurrencies like Bitcoin, and the PlayStation console. Fox Corporation will broadcast the game, and DraftKings provides betting odds.

Portfolio Pulse from Chris Katje

January 22, 2024 | 11:37 pm

Netflix shares have dropped in after-hours trading following a Bloomberg report that Netflix's Film Chief, Scott Stuber, is planning to leave the company to start a new venture.

Portfolio Pulse from Charles Gross

January 22, 2024 | 9:58 pm

U.S. stock indexes hit all-time highs with the S&P 500 reaching 4,850 points, Nasdaq 100 at 17,365, and the Dow Jones briefly touching 38,000. Small caps outperformed, with the iShares Russell 2000 ETF (IWM) rising 1.7%. Treasury yields eased, benefiting the iShares 20+ Year Treasury Bond ETF (TLT), which rose 0.6%. Gold fell, oil prices soared, and Bitcoin tumbled. SPDR S&P 500 ETF Trust (SPY), SPDR Dow Jones (DIA), and Invesco QQQ Trust (QQQ) all rose 0.3%. Industrials Select Sector Fund (XLI) outperformed, while Utilities Select Sector Fund (XLU) lagged. AMD fell after a downgrade, Tesla dropped due to a stalling EV outlook, ADM plummeted amid an investigation, GILD fell after a trial failure, and WDC rose on business separation plans. Key earnings reports are anticipated this week from companies like GE, JNJ, RTX, PG, VZ, LMT, NFLX, TXN, ISRG, and more.

Portfolio Pulse from Piero Cingari

January 22, 2024 | 6:35 pm

Paramount Global (NASDAQ:PARA) is planning to reduce its workforce in February, with layoffs affecting hundreds of employees. While initial estimates suggested 800 job cuts, the actual number is expected to be lower. This follows several rounds of layoffs in the past 14 months. National Amusements, Inc, the majority shareholder, is considering acquisition offers from Apollo Global Management, Skydance Media, and RedBird Capital. Paramount's stock value has decreased significantly since its post-merger peak. The company faces challenges like pay-TV cord-cutting, a weak advertising market, and a loss-making streaming operation. PARA shares are up 2.65% at $13.76.

Portfolio Pulse from Anusuya Lahiri

January 22, 2024 | 6:13 pm

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