Jefferies Expects Another Strong Quarter From NFLX

Jefferies reports that it expects to see another strong quarter from Netflix (NASDAQ: NFLX), with 34% and 26% revenue and net income growth, respectively, on 57% sub growth.

“2011 guidance should reflect higher content cost and international expansion - two controversial issues for the company,” Jefferies writes. “We maintain a Hold rating and $195/sh fair value.”

Netflix closed Friday at $182.09.