ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NFLX Stock Price » NFLX Stock News

Netflix Share News

 Netflix (mm) Stock Price
NFLX Stock Price
 Netflix (mm) Stock Chart
NFLX Stock Chart
 Netflix (mm) Stock News
NFLX Stock News
 Netflix (mm) Company Information
NFLX Company Information
 Netflix (mm) Stock Trades
NFLX Stock Trades

TECH STOCKS: Tech Stocks Slump In Broad Sector Retreat

By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) -- Technology stocks were bruised Thursday, with memory-chip maker Micron Technology Inc. and business-software firm Red Hat Inc. among the notable decliners as the sector followed the broad market to close in the red. Leading the losses were more fears about the economic situation in Europe and data that lent credence to the Federal Reserve's concerns about the shaky state of the U.S. economy. The performance of Micron and Red Hat underscores recent concerns over pricing in the memory-chip market, as well as the health of corporate information-technology spending. Micron (MU) shares fell 48 cents, or almost 8%, to close at $5.65 after the chip maker reported a loss, taking a hit from weak pricing for memory chips. Wedbush analyst Betsy Van Hees wrote that "in the near term, we think the stock will likely be rangebound until there is better visibility" on a number of factors. She cited supply-and-demand trends for NAND chips in the second half of the year, and the potential impact of the expected release of Ultrabook notebooks based on Microsoft Corp.'s (MSFT) Windows 8 software on the personal-computer market. However, she also maintained an outperform rating, citing Micron's comments on a stronger second half of the year. ThinkEquity's Suji De Silva also kept a buy rating on Micron, saying in a note: "We believe [Micron] is experiencing firming demand across DRAM, where supply is tightening due to competitor financial issues, and broader end-market demand is stabilizing." Separately, Red Hat (RHT) shares gave up $3.50, or more than 6%, to end the day at $53 after the software maker reported a weaker-than-expected outlook. Reacting to Red Hat's report, J.P. Morgan John DiFucci wrote: "We continue to remain cautious on global IT spending, especially in the coming months. That said, we believe the company continues to execute well against a weakening macro environment." Intel Corp. (INTC) and Hewlett-Packard Co. (HPQ) also closed in the red as two of the worst performers on the Dow Jones Industrial Average. (DJI) The blue-chip index fell 251 points, or almost 2%, to close at 12,573 as investors reacted to economic data, including the June Philadelphia Fed index which came in below consensus. The Nasdaq Composite Index (RIXF) gave up 71 points, or 2.4%, to close at 2,859, and the Philadelphia Semiconductor Index (SOX) was off by 4%. Declines also came from Seagate Technology (STX), Western Digital Corp. (WDC), Apple Inc. (AAPL) and Netflix Inc. (NFLX) Facebook Inc.(FB) was one of the few tech stocks to gain on the day, rising 24 cents a share to close at $31.84.

Stock News for Netflix (NFLX)
10/20/201606:03:09Quarterly Report (10-q)
10/19/201621:11:00Netflix Fires Back at Poaching Accusations by 21st Century Fox...
10/19/201620:59:00Netflix Fires Back at Poaching Accusations by 21st Century Fox
10/19/201617:40:00AT&T Seeks to Shake Up Pay TV
10/19/201617:23:59Statement of Changes in Beneficial Ownership (4)
10/18/201604:30:00Stocks Recover Ahead of Inflation Data
10/17/201617:10:00Netflix Reports Surge in New Members
10/17/201616:17:53Current Report Filing (8-k)
10/17/201616:05:00Netflix Releases Third-Quarter 2016 Financial Results
10/11/201614:20:00Comcast Paying $2.3 Million to Settle FCC Probe
10/11/201609:00:00Netflix Confirms A New, Mexican Original Series Created And Directed...
10/06/201618:07:44Statement of Changes in Beneficial Ownership (4)
10/05/201616:51:04Statement of Changes in Beneficial Ownership (4)
10/05/201612:40:00Netflix Hires Former Universal Television President
10/04/201623:40:00Netflix, iPic Entertainment Agree to Screen Original Movies in...
09/26/201609:50:00Roku Reboots Streaming Video Lineup With Cheap HD and High-End...
09/21/201618:39:17Statement of Changes in Beneficial Ownership (4)
09/21/201618:37:46Statement of Changes in Beneficial Ownership (4)
09/21/201609:15:00You're Still Hooked and Netflix Knows Why
09/21/201609:15:00You're Still Hooked and Netflix Knows Why

Netflix and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations