MITCH ANDERSON OCTOBER 8, 2011
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Transcript of MITCH ANDERSON OCTOBER 8, 2011
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MITCH ANDERSON
OCTOBER 8, 2011
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Netflix Inc (NASDAQ:NFLX)
SECTOR: Retail TradeINDUSTRY: Internet RetailMARKET CAP: $6.2 billionSUBSCRIBERS: 25 million (according to Netflix Website)
Details
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Profile
Netflix, Inc. is an Internet subscription service company, which provides subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. It is organized into two operating segments: Domestic and International. The Domestic segment provides subscription services consisting of streaming content and DVD-by- mail with in the United States. The International segment offers unlimited streaming plan without DVDs in Canada.
Netflix was founded by Marc Randolph and Reed Hastings in August 1997 and is headquartered in Los Gatos, CA.
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Summary
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Analysts Forecast
Stock Price ForecastThe 22 analysts offering 12-month price forecasts for Netflix Inc have a median target of 218.50, with a high estimate of 310.00 and a
low estimate of 96.00. The median estimate represents a +86.42% increase from the last price of 117.21.
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Stock Price History (5 Year)
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Stock Price History (1 Year)
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Stock Price History (5 Year)
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Controversy
-Doubling of Fees
-Separation into Netflix and Qwikster
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Competition
Hulu
Amazon Prime
Youtube Rentals
Android Rentals
Blockbuster (teamed with dish network)
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Bottom Line
• Recent over correction• Significant upside potential• Limited downside potential
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Questions???