Netflix Selects Akamai to Help Grow Its Streaming Business

By Jim Van Meerten: Netflix (NFLX) may be one of those stocks you'd like to acquire on the recent rebound. In the last month the stock had 10 new lows and was 17.32% off its recent high. This is a stock with double digit projections for increases in sales and earnings and that alone should put it on your watch lists. The recent hourly price action has been swift: (Click to enlarge)

Trefis submits: Netflix Inc. (NFLX) announced Thursday that it has signed a multi-year deal with Level 3 Communications, Inc. (LVLT) for Level 3 to become a primary content delivery network (CDN) provider for the online movie rental company.

Netflix (NFLX) is growing at an incredibly fast pace. The company which started out as a DVD-rental-by-mail company is now transforming itself into a video streaming company. While this business model has several advantages including reduced postage costs and better opportunities for international growth, the changed business model also reduces Netflix’s competitive advantages. These competitive advantages over traditional brick and mortar companies, such as lower

Scott Wachsler submits: Netflix, Inc. (NFLX), according to the company, is the world’s leading Internet subscription service for TV shows and movies with 20 million current subscribers. Subscribers can instantly watch unlimited TV shows and movies streamed over the Internet to their TVs, computers and mobile devices and, in the United States, subscribers can also receive standard definition DVDs and Blu-ray discs delivered to their homes.

Whether you want some streaming video options to help cut the cord or to beef up your entertainment options, two giants step right to the front – Netflix and Amazon Instant.

theflyonthewall.com submits: Netflix (NFLX) is expected to report Q4 earnings on Wednesday, January 26 with a conference call scheduled for 6:00 pm ET.

Dan Rayburn submits: At the beginning of this year, Akamai (AKAM) took the Netflix (NFLX) business away from Level 3 (LVLT) and

Trefis submits: Netflix (NASDAQ:NFLX) makes money by charging monthly subscription fees to its movie rental customers. The company delivers rental DVDs through the mail and offers the ability to view some movies online.