Netflix Inc (
NFLX)
— This popular streaming video service reported its subscriber count
jumped 31% in Q2 from a year ago to 65.6 million globally. Of those, 42
million are in the United States, where Netflix sees the potential
addressable market as being in the 60 million to 90 million range. It is
also quickly capturing international market share with over 23 million
customers in about 50 countries. It looks to reach 200 countries by
2016.
Revenue increased 26% in 2014, and analysts at Capital IQ estimate
sales will increase by 23% in 2015 and 25% in 2016. Their 12-month
target price for NFLX stock is $128, which is based on a price-to-sales
ratio of 6.3 times their 2016 estimate.
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