Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix Didn’t Violate Net Neutrality Rules, Says FCC (NFLX, VZ)

[at Investopedia] – With the FCC ruling coming in its favor, will Netflix take this as an “all clear” signal to continue doing what it thinks is best for its customers? Read more on this. Netflix, Inc. (NFLX) , with a current market cap of $44.38B, began trading this morning at $105.90. Today’s price range has been between $103.20 and $105.92 per share with its 52-week range being $58.46 to $133.27. NFLX shares are currently priced at 406.54x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 12.94x earnings multiple for the same period. Consensus earnings for the current quarter by the 35 sell-side analysts covering the stock is an estimate of $0.04 per share, which would be $0.01 worse than the year-ago quarter and a $0.01 sequential increase. The full-year EPS estimate is $0.26, which would be a $0.02 better than last year. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $1.96 Billion. If realized, that would be a 24.84% increase over the year-ago quarter. Recently, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. When considering if the stock is under or overvalued, the average price target is $123.37, which is 16.50% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) Market Update: Netflix Inc (NASDAQ:NFLX) – [$$] Smartphone Stars: Netflix, Facebook and Alphabet Company Update: Netflix Inc (NASDAQ:NFLX) – Did You Experience The Netflix Outage?