|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||197.77 - 204.38|
|52 Week Range||110.68 - 204.38|
|PE Ratio (TTM)||242.68|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Netflix weak despite strong subscriber numbers
Netflix added 5.3 million new subscribers last quarter. That was much better than analysts expected. The streaming giant also plans to spend as much as $8 billion on content next year. Yahoo Finance's Alexis Chrisoforous, editor-in-chief Andy Serwer and Justine Underhill discuss how Netflix plans to fund that budget and should investors be concerned.
Dow members Goldman Sachs and IBM will be the big earnings highlights on Tuesday during what is a chaotic week for corporate earnings.
The social media giant wants to hire people with national security clearance. Yahoo Finance’s Alexis Christoforous, Andy Serwer, and Melody Hahm discuss how this will help Facebook prevent future election meddling.
Scott Galloway, a professor and former entrepreneur, sees an uncertain future for Amazon.com, Apple Inc., Facebook and Alphabet Inc.’s Google in his new book on the powerful tech giants, “The Four.”
With Netflix's Q3 report in the books, Facebook has the highest positive investor sentiment among the FANG stocks still to report, Jefferies analyst Brent Thill suggests.
U.S. equities pushed to new record highs on Tuesday, with the Dow Jones Industrial Average crossing over the 23,000 level for the first time but unable to hold the threshold into the closing bell. In the end, the Dow Jones today gained 0.2%, the S&P 500 gained 0.1%, the Nasdaq Composite lost a fraction and the Russell 2000 lost 0.3%.
Netflix continues to impress Wall Street with its ability to gain new subscribers and plan for the future. Meanwhile, TheStreet chats with Blackberry's CEO about its own transformation.
Netflix CEO Reed Hastings debuted on Forbes' annual rankings of the richest Americans this year as shares of the company have skyrocketed over the last year. With a net worth of $2.2 billion, 57-year-old Hastings joins a lengthy list of Silicon Valley tech billionaires who dominate the list each year, including Facebook CEO Mark Zuckerberg, the Bay Area's wealthiest person and No. 4 on the list overall. Other Facebook shareholders also fill in the region's richest rankings, and Google and parent company Alphabet have landed three people on the Bay Area's top 10 rankings as well.
Netflix shares usually rise when the company beats Wall Street’s expectations for subscriber growth, but the stock fell Tuesday following despite the another strong earnings release from Netflix on Monday night. While consumers probably heard lots to be excited about in Netflix’s earnings discussion Monday night — more movies! — investors appear somewhat spooked by the company’s plans for spending. On Disney: Disney recently said that it would be creating its own streaming service soon and pulling content off of Netflix’s platform.
Last week, Apple (AAPL) and Steven Spielberg TV agreed to produce original shows, NVIDIA (NVDA) announced a supercomputer for self-driving cars and analysts projected strong user growth at Snap.
After a mixed third-quarter earnings release Monday, shares of Netflix fell more than 1.7% on Tuesday. Despite solid subscriber growth, investors were unimpressed with several other key figures from the report, which has cast a cloud of uncertainty over the tech sector--especially the notorious "FANG" stocks.