U.S. Markets open in 1 hr 50 mins

Surging Netflix stock snaps losing streak after analyst foresees U.S. subscriber number topping estimate

Tomi Kilgore
Surging Netflix stock snaps losing streak after analyst foresees U.S. subscriber number topping estimate

Shares of Netflix Inc. surged Monday, on track for the first gain in six sessions, after a Piper Jaffray analyst said he expects the video streaming giant to beat second-quarter U.S. subscriber growth expectations.