Market Update (NASDAQ:NFLX): The Netflix VPN Ban Can Be Bypassed — Here’s How It Can Be Done Responsibly

[at Forbes] – Netflix is winning the war in blocking users’ from accessing content from different geographies. But an open source peer-to-peer tool could offer people hope. Read more on this. Netflix, Inc. (NFLX) , valued at $39.00B, started trading this morning at $89.67. Looking at today’s trading action, the company’s one day range from $88.70 to $91.97 with a one year range of $79.95 to $133.27. Priced at 325.81x this year’s forecasted earnings, NFLX shares are relatively expensive compared to the industry’s 4.99x forward p/e ratio. According to a consensus of 34 analysts, the earnings estimate of $0.02 per share would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $0.27 would be a $0.01 worse when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $2.11 Billion. If realized, that would be a 28.66% increase over the year-ago quarter. In terms of ratings, Atlantic Equities upgraded NFLX from Neutral to Overweight (Apr 1, 2016). Previously, FBR Capital downgraded NFLX from Outperform to Mkt Perform. Given all the information above, we should disclose to readers that the average price target is $117.15, which is 30.65% above than it opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Market Update: Netflix Inc (NASDAQ:NFLX) – Cramer: Damage to IBM, Netflix hard to reverse Company Update: Netflix Inc (NASDAQ:NFLX) – Netflix Didn’t Violate Net Neutrality Rules, Says FCC (NFLX, VZ) Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T)