Netflix Inc. (NFLX), owner of the streaming and DVD-by-mail service, rose as much as 11% after reporting online viewing that exceeded an analyst’s forecast.
Users of the company’s online movie and TV-streaming service watched over 2 billion hours of content in the previous quarter of 2011, the company stated today in a statement.[article_latestnews_1]
The number surpassed the 1.2 billion-hour forecast of Richard Greenfield, an analyst with BTIG Research. Netflix Chief Executive Officer Reed Hastings in December stated Q4 streaming hours would be “well over” 1 billion, in accordance with Greenfield.
Netflix, Inc. (NASDAQ:NFLX) on January 04, 2012 increased 11.36% to the closing price of $80.45. The overall volume in the last trading session was 14.36 million shares. Its fifty two week range was $62.37-$304.79. The total market capitalization remained $4.22 billion.
NFLX is ahead its 52 week low with 28.99% and legging behind from its 52 week high price with -73.60%. NFLX last month stock price volatility remained 5.28%. In its share capital NFLX has 55.36 million outstanding shares among them 52.45 million shares have been floated in market exchange. NFLX stock institutional ownership remained 79.98% while insider ownership included 0.23%.
The stock price of NFLX is moving forward from its 20 days moving average with 13.70% and remote positively from 50 days moving average with 4.12%. NFLX current year earnings per share experienced an addition with 49.35% while its current quarter performance remained -29.98%. Company’s beta coefficient included 0.48. Beta factors measures the amount of market risk associated with market trade.
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