Netflix, Inc.(NASDAQ:NFLX) Delays Entry to Australia; YHOO, FB, INSY

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Netflix, Inc.(NASDAQ:NFLX) has delayed an expected launch in the Australian market to focus on Europe, the Australian Financial Review reported. 

The company isn’t now expected to begin operations in Australia until the second half of 2015, it said. Netflix (NFLX) is understood to have held preliminary talks with Australian content owners over the past three years but has signed no contracts, a prerequisite to launching a service in the region. 

Other Market Movers this morning include, Yahoo! receiving an upgrade to Overweight at Piper Jaffray.  Analysts upgraded their coverage of Yahoo! Inc. (YHOO) to an overweight rating from neutral. 

The firm also raised its price target on the stock to $43 from $37 a share. In today’s pre-market activity, shares of YHOO are up 1.9% to $34.90, amid a 52-week trading range of $24.82 -$41.72.

Facebook Inc. (NASDAQ:FB) shares were down 0.34% in pre-market trade Monday after consumers learned of an experiment in which random users were exposed to mainly positive or mainly negative newsfeed comments to gauge the impact of their own posting sentiment. 

Facebook’s actions fell in legal bounds, but consumers are calling the company “creepy” and “disturbing.” In other company-related news, FB stock made JP Morgan’s top stock picks for the second half of 2014. FB trades in a 52-week range of $24.15 to $72.59. 

Insys Therapeutics Inc(NASDAQ:INSY) Monday said it continues to expect revenue from sales of Subsys to exceed $52.0 million in Q2 ended June 30, compared to $18.5 million in the same period last year. Three analysts polled by Capital IQ are expecting $52.8 million. 

The drug maker plans to release its unaudited financial results for Q2 before the U.S. financial markets open on August 12. INSY was steady before opening bell on Monday and closed at $31.35 on Friday. 

 

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