Posts Tagged ‘nflx’

Limelight Networks, Inc. (LLNW) – Buzz Stock of the Day

Tuesday, February 15th, 2011

Shares of content delivery solutions provider, Limelight Networks, Inc. (Nasdaq: LLNW) soared as much as 32 percent from Monday’s closing price in morning trading on Tuesday after the company reported record fourth-quarter revenue, and a smaller-than-expected fourth quarter loss.

Shares rose as high as $8.56, up from Monday’s closing price of $6.46.

Fourth quarter revenue clocked in at $55.2 million, up 64 percent from the same quarter a year ago. The revenue growth was driven by a 200 percent increase in fourth quarter mobile revenue, a 150 percent increase in site and application acceleration service growth, and a 110 percent growth in the company’s online video platform. Revenue for 2010 increased 39 percent to $183.3 million, from $131.7 million in 2009.

“We believe that our globally distributed, high-performance computing platform, and the solutions that run on it, are unique within the technology industry, positioning us well for continued growth and market share gains in 2011,” said Limelight Networks’ chairman and CEO, Jeff Lunsford in a statement.

Limelight expects first quarter revenue to be in the range of $48.0-$49.5 million and full year revenue to increase 15 percent to 20 percent over 2010 reported revenue.

Wedbush Equity Research analyst Kerry Rice noted that the company saw growth in its core content delivery network, which helps websites run faster and gives companies like Netflix, Inc. (Nasdaq: NFLX) the technology to stream movies, as well as value-added services. That could put Limelight ahead of schedule to meet its goal of generating $400 million in revenue and a 33 percent profit margin before interest, tax, depreciation and amortization by 2014, Rice said. He stood by his rating of “Outperform” and his $8 price target.

“We believe management has delivered on its promises over the last several quarters, which has improved the performance and perception of Limelight,” he wrote in a note to clients.

Rice also revised his fiscal 2011 forecast, predicting more revenue on smaller earnings. He estimates that Limelight will lose 3 cents per share on $215 million in revenue for the full year. Previously, he said it would earn 2 cents per share on $212 million in revenue for the year.

Shares of Limelight Networks are up about 23 percent in the past three months.

NFLX is star, MU mighty, CPSL slumps

Monday, February 14th, 2011

Netflix Inc. (Nasdaq: NFLX) shares rose 6.3%. to $245.72, on volumes of 8.1 million shares, surpassing a daily average of 5.6 million shares. Caris & Co. raised its price target to $316 from $224.

Micron Technology (Nasdaq: MU) traded in 53.8 million shares Monday, routing a daily average of 35.7 million. Share prices increased 2.4% to $11.60, after ThinkEquity boosted its estimates, to a buy rating and new $15 price target.

China Precision Steel Inc. (Nasdaq: CPSL) shares slipped 14.3% to $1.86, on volume of 2.5 million shares, quadrupling its daily average. The company announces financials Tuesday.

NFLX stars, QCOM a draw, HWKN loses feathers

Thursday, January 27th, 2011

Netflix Inc. (Nasdaq: NFLX) shares surged 13.6 percent to $208.00. Volume for the stock was 11.3 million shares – better than twice its daily average,  after the online DVD and streaming rental provider posted strong fourth-quarter results and gave a better-than-expected first-quarter forecast.

Qualcomm Inc. (Nasdaq: QCOM) traded in 24.8 million shares Thursday, doubling a typical full-day average of 12 million. Share prices strutted 5.8 percent to $54.84, after QCOM forecast revenue that topped estimates.

Hawkins Inc. (Nasdaq: HWKN) shares let go of  17.1 percent to $38.24 Thursday, on volume of 222,880 shares, easily beating its daily average of 41,869. Quarterly sales of HWKN $70.6 million represented an increase of 16.5% from $60.6 million in sales for the same period in the prior fiscal year.

Netflix, Inc. (NFLX) – Buzz Stock of the Day

Thursday, October 21st, 2010

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Shares of Netflix, Inc. (Nasdaq: NFLX) were up more than 14 percent from Wednesday’s closing price, in morning trading on Thursday after the movie rental company announced third quarter earnings that edged out the Street’s estimates, largely driven by a higher number of customers that rent movies online, and lower subscription acquisition costs.

Netflix posted revenue of $553.2 million, up from $423.1 million a year ago. Excluding stock-based compensation, Netflix earned 78 cents per share, although GAAP earnings were 70 cents per share, just shy of analysts’ estimates of 71 cents.  Netflix ended the quarter with 16.9 million subscribers, up 13 percent sequentially and 52 percent over the third quarter of last year.  Gross margin dipped to 37.7 percent from 39.4 percent in Q2.
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The company said 66 percent of its subscribers watched streaming videos in the quarter, up from 41 percent a year ago. Subscriber acquisition costs fell to $19.81 in the quarter, from $26.86 a year ago. Churn fell to 3.81 percent, from 4.4 percent a year ago.

Netflix now sees ending Q4 with 19 million to 19.7 million subscribers, up from a previous estimate of 17.7 million to 18.5 million. The company now sees Q4 revenue earnings of between 59 cents and 74 cents per share, and revenue between $586 million and $598 million, up from earlier estimates $580 million to $596 million.

“Q3 represents our fourth consecutive quarter of more than one million net subscriber additions,” said Reed Hastings, co-founder and CEO of Netflix in a statement. “This growth is clearly driven by the strength of our streaming offering.  In fact, by every measure, we are now primarily a streaming company that also offers DVD-by-mail,” said Reed Hastings, Netflix co-founder and CEO.  “At the same time, the introduction of our streaming offering in Canadain late September has provided us with very encouraging signs regarding the potential for the Netflix service internationally.”

Several analysts upgraded their ratings of Netflix, including Oppenheimer analyst Jason Helfstein, who raised his rating on Netflix shares to Outperform from Underperfrom; Janney Capital analyst Tony Wible, who raised his rating to Neutral from Sell; Merriman Capital analyst Eric Wold, who raised his rating on Netflix shares to Buy from Neutral; and Needham analyst Charlie Wolf, who trimmed his 2010 EPS estimate to $2.85 from $2.90, but lifted his 2011 view to $4.55 from $4.00.

“Our original thesis was dependent on Hollywood reacting to the NFLX competitive threat through various ways, including its own IPTV service (Hulu), new services with cable companies (TV Everywhere) and reducing the amount of TV content available to NFLX,” Helfstein wrote. “None of this has happened, and we are now at the beginning of the IPTV revolution, with NFLX in the dominant position.”