Sábado, 24 Junio, 2017

Netflix's Q2 Subscriber Guidance Was Well Ahead Of Analyst Expectations

Galeno Paniagua | 21 Abril, 2017, 02:25

Netflix missed slightly on subscriber estimates for its first quarter earnings report as the streaming giant saw shares initially dip but then rise more than 1 percent in after-hours trading on Monday.

Sacred Games, a Netflix original series in India, was also used an example of an global show Netflix is producing that is Hollywood-level quality. However, all bets are off today, as the stock marched onward and downward and seem destined for a close in the $140 range, if not below $140 a share. Finally, Needham & Company LLC upgraded Netflix from a sell rating to a hold rating and upped their target price for the company from $95.00 to $135.00 in a research report on Thursday, March 16th.

Netflix has reported lower than expected subscription growth in the first quarter of 2017, a result it says was driven by delays to flagship content. However, management tried to reassure investors that it's just a matter of timing with their release schedule, and some analysts seem convinced.

Corbyn son running for Parliament story 'completely untrue,' Labour sources tell RT
He said in a speech Thursday that the old rules drawn up by political and economic elites no longer apply. He made clear Labour's manifesto would be "fully costed and will be all accounted for and paid for".

Netflix expects to add another 3.2 million subscribers and push its total to 101.95 million during the second quarter, but that could prove to be a conservative figure if current growth trends continue for the company. The business had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.64 billion. "It's a good start", the company wrote (PDF) to shareholders at the earnings call for the first quarter of 2017.

Loop Capital Markets highlighted in a note, the above-consensus second-quarter subscriber guidance Netflix, Inc.

"The company is likely to continue to experience quarter-to-quarter volatility, as both the pace of subscriber additions and the path to respectable profitability remains hard to determine", wrote Dougherty analyst Steven Frankel in a research note, maintaining his neutral rating.

Nueva jornada de movilizaciones en Venezuela
Exigen la remoción de los magistrados del TSJ, la realización de elecciones y el respeto a la Asamblea Nacional. Las intervenciones policiales de este jueves son acciones rápidas para frenar las protestas desde el inicio.

The firm had predicted that it would see a growth of 5.2 million subscribers in this quarter, however the streaming firm only managed to gain 4.95 million. New domestic members came in at 1.42 million, versus Wall Street forecasts 1.59 million, and Netflix guidance of 1.5 million.

This post-earnings reaction led NFLX stock to break out of an 18-month consolidation period, marked with the two black parallels.

France's Le Pen hardens tone as campaign clock ticks down
She entered politics by joining her father's party at 18. "The FN top brass has chose to go full throttle for far-right voters". But that threat is precisely why Europe must address seriously the possibility of her winning, however unlikely it may seem.

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