Netflix, Inc. (NFLX) Coverage Begins at Barclays Capital as Overweight

Netflix, Inc. (NFLX) has been initiated today with coverage by the securities research analysts at Barclays Capital.  Barclays begins this new coverage of NFLX with a performance outlook on the stock as “overweight,” no price target was provided.  NFLX is down during today’s intraday trading session.

Netflix is slated to release their next earnings report on July 20th, 2011 and the current EPS consensus estimate is $1.11.  Their last earnings report was released on April 25th, 2011 and announced EPS of $1.11 with revenue totaling $719 million which was up 20.7 % year to year.  NOK is currently trading above its 50 & 200-day moving averages and 2011 is currently an up year for the company.

Netflix, Inc. is a leading Internet subscription service for enjoying TV shows and movies. Netflix subscribers can watch unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and, in the United States, subscribers can also receive standard definition DVDs, and their high definition successor, Blu-ray discs delivered quickly to their homes.  The company has market capitalization of $14,370,000,000 and 52,891,000 shares outstanding.  NFLX has a 52-week high of $273.64 with the low being $95.33 dollars.

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