Netflix Challenging 52-Week Highs (NFLX)

Posted in pre-market 
January 28th, 2010

Netflix, Inc. (NASDAQ: NFLX) was up well into double-digit percentage last night already, and it is looking even better so far.  The company said everything right that it could short of issuing any guarantees.  The movie rental player added 1.1 million customers and said that its fourth quarter profits rose 36% and gave strong expectations for 2010.  Shares were up about 15% in the after-hours session after the close.

Analysts raised it this morning: Raised to Outperform at FBR; Raised to Buy at Jefferies; Raised to Buy at Merriman Curhan Ford.

At 8:37 AM ESt we have seen 242,000 shares and the stock is up 19.3% at $60.82.  The 52-week range is $34.01 to $61.65.

JON C. OGG

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