Stock Update (NASDAQ:NFLX): Five Top Picks In The Internet Sector With Strongest Fundamentals

[at Investor’s Business Daily] – The companies with the best fundamentals among large-cap Internet stocks are Facebook (FB), Amazon.com (AMZN), Netflix (NFLX), Alphabet (GOOGL) and Priceline (PCLN), says RBC Capital Markets. Internet … Read more on this. Netflix, Inc. (NFLX) , with a current market cap of $38.17B, began trading this morning at $87.56. A quick look at the market, the company’s stock traded between $86.15 and $90.00 with its 52-week range being $79.95 to $133.27. Netflix (NFLX) shares are currently priced at 325.48x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.96x earnings multiple for the same period. In a review of the consensus earnings estimate this quarter, 34 sell-side analysts are looking at $0.02 per share, which would be $0.04 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $0.27 which would be a $0.01 setback than last year’s full-year earnings. 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. Investors should keep in mind is that the average price target is $118.41, which is 35.23% above where the stock opened this morning. See more in (NASDAQ:NFLX) Similar Articles: Stock Update: Netflix Inc (NASDAQ:NFLX) – Citi Cuts Amazon, NFLX, Google Price Targets On Stock Compensation Stock Update: Netflix Inc (NASDAQ:NFLX) – Netflix Caps Video Streams on AT&T, Verizon Customers (NFLX, T) Stock Update (NASDAQ:NFLX): Netflix to Announce First-Quarter 2016 Financial Results