焕满
04-17
华尔街的话不能信，散户买进去他们就跑。
奈飞绩后大跌 华尔街呼吁逢低买入
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href=\"https://laohu8.com/S/JPM\">摩根大通</a>也建议客户把握奈飞股价回调的机会，因为财报数据表明，“奈飞在业务执行层面依然表现出色，且仍拥有巨大的增长潜力。”分析师Doug Anmuth特别提到了该公司内部衡量用户参与度的核心指标，该指标近期创下了历史新高，这主要归功于其内容库在“提升用户留存率方面展现出了超预期的强劲表现”。</p><p>Jefferies分析师James Heaney总结道：“导致股价下跌的主要症结在于市场对美国本土的定价策略及利润率预期过于乐观，而非公司基本面出现了任何实质性的恶化。”</p><p>至于奈飞股票遭遇抛售的根源，市场对于其业绩指引所引发的负面反应已达成共识，但在如何解读这些具体数据方面，各方观点仍存在诸多分歧。</p><p><a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>分析师Sean Diffley对此解释道：“我们认为，[第二季度的业绩指引偏低，以及未上调2026财年的业绩预期]主要归因于美国本土价格上调的时滞效应——此类价格调整通常需要2到3个月的时间才能完全体现在财务数据中;此外，去年同期的高基数效应(即去年已实施过一次价格上调)以及公司在年初阶段所采取的相对审慎的预期策略，也是造成这一局面的重要因素。”</p><p>Seeking Alpha分析师Luca Socci认同奈飞确实是有意采取了保守策略：“我认为分析师们之所以预期第二季度的每股收益(EPS)会更高，很可能是因为他们假定：得益于华纳兄弟支付的费用，公司不断增长的现金储备将产生更高的利息收入。而奈飞在其业绩指引中并未将这部分收益纳入考量，这一事实表明：要么是奈飞正在采取保守策略，要么是其剩余的股票回购规模将会扩大。”</p><p>Seeking Alpha 的另一位分析师 StockBros Research 补充道：“我注意到的一点是，投资者们忽略了公司对全年 31.5% 运营利润率的预测——这一数字相较于 2025 年 29.5% 的利润率将有所提升。如果奈飞能够实现 512 亿美元的营收，并保持 31.5% 的运营利润率，那么其运营利润将达到 161.28 亿美元，同比增长幅度将高达 21%。”</p><p>尽管奈飞在竞购华纳兄弟的过程中铩羽而归，最终败给了派拉蒙天舞(PSKY.US)，但该公司依然将通过并购实现增长视为首要任务——尤其是在人工智能(AI)领域，其对 InterPositive 公司的收购便是这一战略的有力佐证。</p><p>联席首席执行官 Gregory Peters 在公司与分析师举行的财报电话会议上表示：“我们具备独特的能力，能够对生成式 AI进行投资，并以此为公司业务创造回报。”</p><p>“我们认为，对 InterPositive 的收购将极大地加速我们在生成式 AI 领域的能力建设，因为这是一项专有技术，是专门为电影制作人及电影制作流程量身打造的——这一点使其有别于市面上其他的生成式 AI 视频应用，”联席首席执行官 Ted Sarandos 在电话会议中补充道。</p><p>从竞购华纳兄弟的经历中汲取教训，这一过程不仅展现了奈飞管理层所具备的自律精神——即能够放下个人意气，一旦交易在财务上不再具有合理性便果断抽身离场——同时也“对其投资纪律进行了一次实战检验”。</p><p>“这段经历充分印证了奈飞管理层确实具备实施大规模并购交易的能力与意愿;但与此同时，这也表明其对交易设定的门槛极高，且对交易价格的考量至关重要，”摩根士丹利分析师 Diffley 评论道。</p></body></html>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>奈飞绩后大跌 华尔街呼吁逢低买入</title>\n<style 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href=\"http://www.zhitongcaijing.com/content/detail/1430224.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e2224e6b43e75f835dbd8bb6d8c4972c","relate_stocks":{"LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","SGXZ23171101.USD":"NIKKO AM SHENTON GLOBAL OPPORTUNITIES (USD) ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1366192091.USD":"ALLIANZ US EQUITY PLUS \"AM\" (USD) INC","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","LU2461242641.AUD":"WELLINGTON US QUALITY GROWTH \"A\" (AUDHDG) ACC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","LU0097036916.USD":"贝莱德美国增长A2 USD","LU2108987350.USD":"UBS (LUX) EQUITY SICAV GLOBAL OPPORTUNITY SUSTAINABLE (USD) \"P\" (USD) ACC","LU0868494708.USD":"UBS (LUX) 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Heaney总结道：“导致股价下跌的主要症结在于市场对美国本土的定价策略及利润率预期过于乐观，而非公司基本面出现了任何实质性的恶化。”至于奈飞股票遭遇抛售的根源，市场对于其业绩指引所引发的负面反应已达成共识，但在如何解读这些具体数据方面，各方观点仍存在诸多分歧。摩根士丹利分析师Sean Diffley对此解释道：“我们认为，[第二季度的业绩指引偏低，以及未上调2026财年的业绩预期]主要归因于美国本土价格上调的时滞效应——此类价格调整通常需要2到3个月的时间才能完全体现在财务数据中;此外，去年同期的高基数效应(即去年已实施过一次价格上调)以及公司在年初阶段所采取的相对审慎的预期策略，也是造成这一局面的重要因素。”Seeking Alpha分析师Luca Socci认同奈飞确实是有意采取了保守策略：“我认为分析师们之所以预期第二季度的每股收益(EPS)会更高，很可能是因为他们假定：得益于华纳兄弟支付的费用，公司不断增长的现金储备将产生更高的利息收入。而奈飞在其业绩指引中并未将这部分收益纳入考量，这一事实表明：要么是奈飞正在采取保守策略，要么是其剩余的股票回购规模将会扩大。”Seeking Alpha 的另一位分析师 StockBros Research 补充道：“我注意到的一点是，投资者们忽略了公司对全年 31.5% 运营利润率的预测——这一数字相较于 2025 年 29.5% 的利润率将有所提升。如果奈飞能够实现 512 亿美元的营收，并保持 31.5% 的运营利润率，那么其运营利润将达到 161.28 亿美元，同比增长幅度将高达 21%。”尽管奈飞在竞购华纳兄弟的过程中铩羽而归，最终败给了派拉蒙天舞(PSKY.US)，但该公司依然将通过并购实现增长视为首要任务——尤其是在人工智能(AI)领域，其对 InterPositive 公司的收购便是这一战略的有力佐证。联席首席执行官 Gregory Peters 在公司与分析师举行的财报电话会议上表示：“我们具备独特的能力，能够对生成式 AI进行投资，并以此为公司业务创造回报。”“我们认为，对 InterPositive 的收购将极大地加速我们在生成式 AI 领域的能力建设，因为这是一项专有技术，是专门为电影制作人及电影制作流程量身打造的——这一点使其有别于市面上其他的生成式 AI 视频应用，”联席首席执行官 Ted Sarandos 在电话会议中补充道。从竞购华纳兄弟的经历中汲取教训，这一过程不仅展现了奈飞管理层所具备的自律精神——即能够放下个人意气，一旦交易在财务上不再具有合理性便果断抽身离场——同时也“对其投资纪律进行了一次实战检验”。“这段经历充分印证了奈飞管理层确实具备实施大规模并购交易的能力与意愿;但与此同时，这也表明其对交易设定的门槛极高，且对交易价格的考量至关重要，”摩根士丹利分析师 Diffley 评论道。","news_type":1,"symbols_score_info":{"NFXS":0.6,"NFLY":0.6,"NFLX":1.98,"NFLW":0.6,"NFXL":0.6,"NFLP":0.6,"NFLU":0.6}},"isVote":1,"tweetType":1,"viewCount":201,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":36,"optionInvolvedFlag":false,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/554605585008472"}
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