|Bid||360.10 x 400|
|Ask||360.24 x 100|
|Day's range||360.14 - 370.50|
|52-week range||164.23 - 423.21|
|PE ratio (TTM)||241.99|
|Earnings date||15 Oct 2018 - 19 Oct 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||377.60|
Netflix • NFLX-Nasdaq Outperform • Price $400.48 on July 16 by Imperial Capital For the first time in five quarters, Netflix missed its own forecasts for subscriber growth, but it also delivered impressive positives. After the market close on July 16, Netflix reported its second-quarter 2018 results (ended on June 30).
The stock sold off following weaker-than-expected subscriber growth, but there's little reason to fear long-term consequences.
https://asset.wsj.net/dynamic-insets/charts/cdc_2adbd3524624e8cb3318f883.json Goldman Sachs Group Inc. - DOWN 0.2% (Tuesday) Goldman Sachs headlined the bank earnings show this past week, notching a 51% increase in quarterly profit and announcing that veteran investment banker David Solomon would succeed Lloyd Blankfein as chief executive on Oct.
Rarely does a day go by in the U.S. stock market without someone decrying its addiction to gains in the FANG bloc of tech megacaps. Now, in the middle of earnings season, their support has gone missing, and the result has been something less than a catastrophe. The S&P 500 Index ended where it started, and the Nasdaq 100 -- home of Facebook Inc., Amazon.com, Netflix Inc. and Google parent Alphabet Inc. -- slipped from a record.
TOP TEN MarketWatch rounds up 10 of its most interesting topics over the past week. 1. The Netflix ‘warning’ Shares of Netflix (NFLX) were down 12% through July 19 from a week earlier after the video-streaming pioneer failed to meet its own projections for subscriber growth.
A four-day slump in Netflix Inc. after disappointing second-quarter earnings has pushed the shares below one key support level and left them testing a second. Netflix fell as low as $344 on Tuesday after the streaming-video company’s forecast for subscriber growth trailed analysts’ estimates. The stock swung between gains and losses Friday but never broke above the 50-day moving average, which has been a support level throughout the on-again, off-again market rebound from this year’s correction.
Netflix (NFLX) has cut a deal with Sirius XM (SIRI) to create a comedy channel for the radio broadcaster. The channel will feature new material from comedians such as Chris Rock, Dave Chappelle, and Jerry Seinfeld, who are featured in Netflix original content.
The director, producer and actor started investing in the stock market when he was living on a strict budget, paying just $280 a month in rent.
Some stock investors soured on Netflix after it released its second-quarter earnings on Monday and reported missing its forecasts by more than a million subscribers in the quarter. Netflix shares (NFLX), after having almost doubled in 2018, are down 8.9% this week. On Wednesday, The Wall Street Journal reported that Netflix is creating a comedy radio channel with Sirius XM.
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After the market closed on Monday, Netflix Inc. (NASDAQ: NFLX) reported “disappointing” results for its second quarter ended June 30, 2018, and its stock reacted by falling as much as 14% in the hours following the release. One thing that I think is very important to point out is that subscriber growth is the most scrutinized metric in Netflix’s earnings reports, and Wall Street cares more about the sequential growth (quarter-over-quarter) than the year-over-year growth.
Netflix’s (NFLX) subscriber additions in the second quarter disappointed the markets. The streaming giant added 4.47 million subscribers overall in the second quarter, while Wall Street was expecting 5.11 million net additions. Netflix has been adding a lot of local non-English content to its platform, as it hopes to reel in many more international subscribers.
Wall Street analysts are confident about the growth in AT&T’s number of DIRECTV NOW subscribers going forward, as the company continues to concentrate on bundling its wireless and video services. The telecommunications company expects to gain nearly 300,000 DIRECTV NOW subscribers in the second quarter. In the first quarter, the company added 312,000 customers to its DIRECTV NOW video streaming service, up from 72,000 DIRECTV NOW net customer additions in the first quarter of 2017.
In a stunning reversal of fortunes, HBO's new corporate overlords want to abandon its long-successful formula in an effort to become more like its streaming nemesis.
Over 5 million U.S. consumers will cut the cord in 2018, a move that will cost the pay-TV industry billions in lost subscription revenue, according to a survey published Tuesday by New York consulting firm cg42. Cg42 estimates a total of 5.4 million U.S. consumers will cut the cord in 2018, resulting in a $5.5 billion loss in revenue. “As the process of finding alternative paths to content gets easier and easier, people are acting on the frustrations they have with traditional providers and leaving,” the study’s lead author and cg42 managing partner Stephen Beck told MarketWatch.
U.S. multinational companies are starting to reevaluate their currency hedging strategies after a surge in the dollar in recent months, as the impact of the stronger greenback starts to show up in second-quarter corporate earnings. A stronger dollar claimed Netflix Inc (NFLX.O) as its first victim of the earnings season on Monday. The company, which does not hedge its revenue with derivatives, said foreign exchange rates pushed its expectations on the 2018 operating margin to near the lower end of its target range.
This summer’s escapist relief for Brexit-bruised Britain comes from a group of scantily clad millennials cavorting on a Mediterranean Love Island. On average, it draws 2.7 million a night—4 million with catch-up viewing included—a windfall for ITV Plc. “It’s becoming quite a phenomenon,” said Kelly Williams, ITV’s commercial head.
Scandinavia's largest telecom operator, Telia (TELIA.ST), was close to sealing a deal on Thursday to acquire the broadcasting and streaming media business of Swedish publishing firm Bonnier AB, sources familiar with negotiations said. Telia has pushed for a deal valued below the 10-12 billion Swedish crown ($1.12-$1.35 billion) range that local media reported in May, one source told Reuters.