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KeyBanc: CFO's Retirement To Cause 'Minimal Disruption' At Netflix
Tuesday, August 14, 2018 - 9:42am | 404Investors concerned with Netflix, Inc. (NASDAQ: NFLX) CFO David Wells' retirement may want to reconsider, according to KeyBanc Capital Markets. The Analyst KeyBanc's Andy Hargreaves maintained an Overweight rating on Netflix with an unchanged $375 price target. The Thesis Wells...
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Longtime Netflix CFO David Wells To Leave Company
Monday, August 13, 2018 - 11:41am | 381Netflix, Inc. (NASDAQ: NFLX) Chief Financial Officer David Wells confirmed Monday morning he will be leaving his role at the streaming video company and plans to focus on philanthropy. What Happened Wells, a 14-year veteran of Netflix and CFO since 2010, will hold on to his post until a suitable...
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Netflix Under Pressure Amid Concerning Report About Domestic Subscribers
Wednesday, September 21, 2016 - 10:59am | 303Shares of Netflix, Inc. (NASDAQ: NFLX) were trading lower by more than 4 percent Wednesday after M Science, a research focused firm that relies on data analytics in its analysis, issued a warning. According to M Science, a "churn among price-affected subscriber" likely drove a Q3...
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Chinese Media Stocks Mixed After Alibaba-Youku Tudou Buyout
Friday, October 16, 2015 - 1:53pm | 494Shares of Youku Tudou Inc (ADR) (NYSE: YOKU) soared higher by more than 20 percent. Alibaba Group Holding Ltd (NYSE: BABA) announced its intention to acquire the remaining stake in Youku it doesn't already own for $26.60 per ADR. Shares of Chinese media firms surged in sympathy. Shares of Youku...
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Netflix's Shareholder Letter: 5 Things Investors Need To Know
Wednesday, April 15, 2015 - 5:04pm | 571Shares of Netflix, Inc. (NASDAQ: NFLX) are up about 12.5 percent after hours, after the company reported strong first quarter financial results. In a letter sent to shareholders, CEO Reed Hastings and CFO David Wells highlight several major milestones the company achieved in the first quarter...
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Netflix Soars 17% After Q4 Earnings Beat
Wednesday, January 22, 2014 - 5:46pm | 354Netflix (NASDAQ: NFLX) is up more than 17 percent after the streaming video giant announced its fourth quarter results. The company reported a Q4 EPS of $0.79 versus the Street estimate of $0.65. Earnings per share were up 508 percent from the year-ago period. Revenue arrived at $1.18 billion...
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Goldman Sachs Cleared in SEC and DOJ Investigations, Reputation Soiled
Friday, August 10, 2012 - 8:11am | 604Goldman Sachs Group (NYSE: GS) escaped charges levied against the firm by the Department of Justices probe for its role in the mortgage-backed-securities collapse. The bank announced early Friday that the Securities and Exchange Commission concluded its investigation into the sale of $1.3 billion...
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HBO Curbs Netflix's Enthusiasm; No Partnership in the Works
Wednesday, July 25, 2012 - 8:21am | 480Viewers of hit television shows such as HBO's True Blood or Sex and the City should not expect to indulge their guilty pleasures through Netflix (NASDAQ: NFLX) streaming anytime soon. The Time Warner (NYSE: TWX) owned network has no plans to partner with Netflix in the future, according to Reuters...