|Bid||514.51 x 800|
|Ask||515.35 x 900|
|Day's range||504.66 - 517.41|
|52-week range||458.60 - 593.29|
|Beta (5Y monthly)||0.74|
|PE ratio (TTM)||53.40|
|Earnings date||18 Oct 2021 - 22 Oct 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||613.68|
It shouldn't be a big surprise that Netflix (NASDAQ: NFLX) lost subscribers in its mature U.S. and Canada (UCAN) region during the second quarter. Here are three reasons why the subscriber loss doesn't worry me. Netflix's subscriber losses didn't come from a spike in cancellations as businesses reopened and the weather warmed up in the U.S. and Canada.
Subscriber growth continued to decelerate in the second quarter, and Netflix's third-quarter subscriber forecast is unimpressive, too.
Netflix (NASDAQ: NFLX) investors mostly saw the streaming giant's second-quarter glass as half empty rather than half full, given Wednesday's post-earnings stock price pullback of a little more than 3%. There are a couple of noteworthy footnotes to add to the discussion.