Tag Archives: trading

Netflix shares rise on upgrade: ‘Unstoppable lead in subscription video streaming’

Netflix shares rose 3.3% in early trading Tuesday from Monday’s close of $336.63 a share. The shares are down 12% in the last month amid a broader market pullback. [Loop Capital] has a $425 price target on Netflix shares. – Michael Sheetz, CNBC » http://fw.to/y12t29e

Roku, Video Streaming Service, Is Said to Consider I.P.O.

[Roku], which has been working with banks like Bank of America, Merrill Lynch and Citigroup, would be likely to keep its preliminary paperwork under wraps under the provisions of the Jumpstart Our Business Startups Act. The law lets companies with less than $1 billion in annual revenue file confidentially. […] Should the company decide to move forward with an I.P.O., it would be following in the footsteps of a handful of consumer technology companies that have ventured successfully onto the public markets. Chief among them is GoPro, the maker of sports-oriented handheld cameras, whose public debut was among the year’s splashiest. – Michael J. de la Merced,The New York Times