343.50 -9.69 (-2.74%)
Pre-Market: 5:10AM EST
|Bid||342.60 x 800|
|Ask||344.00 x 900|
|Day's Range||346.41 - 355.79|
|52 Week Range||218.50 - 423.21|
|Beta (3Y Monthly)||1.53|
|PE Ratio (TTM)||126.05|
|Earnings Date||Jan 21, 2019 - Jan 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||380.95|
Netflix reported earnings after the bell and ARK investment's James Wang reacts
FAANG stocks are back, with Apple now lagging behind. Yahoo Finance's Melody Hahm, along with Point View Wealth Management Managing Director John Petrides discuss.
Netflix can keep raising prices without worrying about losing subscribers, says BTIG analyst Rich Greenfield.
Even after a price hike that sent some Netflix customers to social media in outrage, the company can “continue to raise prices,” said media mogul and tech investor Barry Diller. Besides his prediction on Netflix and the TV streaming wars, Diller explained why critics should back off Facebook, what he thinks of the Trump presidency, and what makes him consider Elon Musk a genius.
shares were indicated lower in pre-market trading Friday after the online streaming entertainment service topped Wall Street forecasts with its fourth quarter earnings report, but noted that U.S. price increases wouldn't slow its cash burn rate until at least next year. Netflix posted a better-than-expected bottom line of 30 cents a share for the three months ending in December, but overall revenues of $4.49 billion narrowly missed the consensus forecast of $4.61 billion.
Netflix added a record 8.8 million new paid memberships in the last quarter of 2018, taking the total number of subscribers to 139 million. Analysts offered a few reasons for the share price decline, including the fact that revenue narrowly missed expectations. Meanwhile, although Netflix reported annual profit of $1.6bn, the company spent $13bn on ramping up production of original content such as Bird Box and Roma.
"I mean, would all of these analysts really upgrade [Netflix] and would they tell you that they're going to raise [price targets] and then screw you on the quarter? -- all of which his charitable trust owns except for Netflix.
Steve Carell is teaming up with Netflix to launch a new series, Space Force, a comedy based on President Trump's space force. Yahoo Finance's Dan Roberts, Sibile Marcellus, and Zack Guzman discuss the new show's potential.
Investments into original content need to be made if Netflix wants to be a serious player in this market, says Jehil Thakkar, partner at Deloitte India.