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Netflix Inc

Netflix Inc (NFLX)

911.06
8.89
(0.99%)
Closed December 04 3:00PM
909.50
-1.56
(-0.17%)
After Hours: 6:59PM

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
909.50
Bid
909.02
Ask
910.00
Volume
2,787,729
898.05 Day's Range 915.9699
445.73 52 Week Range 911.58
Market Cap
Previous Close
902.17
Open
900.00
Last Trade
1
@
909.5
Last Trade Time
Financial Volume
US$ 2,536,059,879
VWAP
909.7225
Average Volume (3m)
3,210,618
Shares Outstanding
427,458,114
Dividend Yield
-
PE Ratio
72.01
Earnings Per Share (EPS)
12.65
Revenue
33.72B
Net Profit
5.41B

About Netflix Inc

Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, App... Netflix's primary business is a streaming video on demand service now available in almost every country worldwide except China. Netflix delivers original and third-party digital video content to PCs, internet-connected TVs, and consumer electronic devices, including tablets, video game consoles, Apple TV, Roku, and Chromecast. In 2011, Netflix introduced DVD-only plans and separated the combined streaming and DVD plans, making it necessary for subscribers who want both to have separate plans. Show more

Sector
Video Tape Rental
Industry
Video Tape Rental
Website
Headquarters
Wilmington, Delaware, USA
Founded
-
Netflix Inc is listed in the Video Tape Rental sector of the NASDAQ with ticker NFLX. The last closing price for Netflix was US$902.17. Over the last year, Netflix shares have traded in a share price range of US$ 445.73 to US$ 911.58.

Netflix currently has 427,458,114 shares outstanding. The market capitalization of Netflix is US$385.64 billion. Netflix has a price to earnings ratio (PE ratio) of 72.01.

Netflix (NFLX) Options Flow Summary

Overall Flow

Bullish

Net Premium

126M

Calls / Puts

640.65%

Buys / Sells

84.82%

OTM / ITM

36.59%

Sweeps Ratio

1.37%

NFLX Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
136.14.13327226929873.4911.58858.912319038890.87370656CS
4141.089918.3612760946768.4101911.58757.383201323853.29972435CS
12232.0434.2514687214677.46911.58660.81353210618768.04088358CS
26275.7243.5040550349633.78911.58588.583153622709.80474298CS
52448.5197.2927829237460.99911.58445.733642926623.38269496CS
156303.550.0825082508606911.58162.7556941482365.72744259CS
260601.07194.880523944308.43911.58162.7556345915403.57025336CS

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NFLX Discussion

View Posts
DiscoverGold DiscoverGold 6 days ago
Netflix Stock Could Be Next in Line for a Split After it Hits $1,100
By: 24/7 Wall St. | November 29, 2024

If there’s a mega-cap tech titan out there that’s overdue for a stock split, it’s Netflix (NASDAQ:NFLX). After an impressive parabolic surge, NFLX shares now find themselves flirting with $900 per share.

Undoubtedly, having the stock hit such a level would have been difficult to imagine two and a half years ago when the name bottomed out in the $180 range after suffering a devastating crash that saw over 74% in value wiped out.

With so much momentum behind the stock, which has more than tripled in two years (210% gain), perhaps the streaming giant was far more magnificent than we gave it credit for during its post-pandemic decline. Apart from retaining its streaming crown in the face of stiff industry competition by sticking with its unmatched content strategy, the company has demonstrated it’s more than willing to take a risk to transform itself in the new streaming era that includes live sporting events.

Key Points About This Article

• As Netflix live streaming helps power shares to $1,100, a stock split seems warranted.
• The Paul vs. Tyson fight shows the magnitude of demand to be had for live sports.
• If you’re looking for some stocks with huge potential, make sure to grab a free copy of our brand-new “The Next NVIDIA” report. It features a software stock we’re confident has 10X potential.

The massive silver lining to the technical difficulties experienced during Paul vs. Tyson

Undoubtedly, jumping into less familiar territory (live streaming for Netflix) can cause one to fumble the ball in a big way. Most notably, the Jake Paul vs. Mike Tyson boxing match in November frustrated many fans when a profound number of viewers (around 107 million globally) caused buffering issues and outages. Perhaps Jake Paul put it best: the vast number of fans “broke the site.” Despite the horrid technical issues that plagued the event, however, shares reacted positively.

Simply put, demand was off the charts, and more similar live events may be key to boosting growth. Further, technical difficulties can be conquered. And if there’s a firm that can learn the ropes (no pun intended), it’s Netflix, which rose to glory by navigating far outside its comfort zone, making a few mistakes along the way. Such mistakes are more than forgivable, in my view, especially as Netflix learns and grows its new drivers.

Whether such new growth, like that experienced in live-streaming events, can help propel NFLX stock well into the quadruple-digits to warrant a split in the new year remains to be seen.

Either way, today’s share price, $872, and change per share seems quite hefty for a new retail investor who’s just starting out.

Of course, the advent of buying partial shares at some brokerages enables many to start a diversified portfolio, including shares of companies with very high prices, with a smaller investable sum. That said, stock splits are never a bad thing, especially in this environment where retail demand has grown to become quite lofty.

This bullish analyst sees NFLX stock soaring to $1,100. A split could follow shortly after.

Recently, Pivotal Research Group analyst Jeffrey Wlodarczak hiked his price target on NFLX stock to $1,100, citing technical shortcomings of the Paul vs. Tyson fight as nothing more than a “successful learning experience.” He’s right. If Tyson were to fight Logan Paul, the brother of Jake Paul, next, I’m sure we’ll all be tuning back in despite bad experiences with the quality of the previous stream.

Though it’s hard to tell what the next big live event will be, I think it’s safe to say that Netflix now knows the magnitude of what it faces. And with that, it’ll (hopefully) have the improvements in place to deliver a more seamless stream. Up ahead, Mr. Wlodarczak is also bullish on the potential to be had in sports. He’s right on the money. Netflix knows how to draw in viewers. And if it can support them, I’d bet they’d be that much more willing to not only stick with their subscriptions but pay higher prices.

Up ahead, Netflix has two NFL games to stream on Christmas Day. And shortly after that, some WWE Monday Night Raw will be up to the plate. Though I don’t expect either live event to draw in the crowds that Paul vs. Tyson did, I do find that each event will help strengthen Netflix’s live-streaming muscles.

Who knows? Perhaps they’ll grow to become strong enough to support more than 100 million concurrent viewers come the next big live fight event. Whether it features Mike Tyson and one of the Pauls remains to be seen.

Either way, strength in live-streaming sports is real. And as Netflix stock makes a move to $1,100, one has to think a split will be penciled in at some point.

Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 1 week ago
$NFLX What a winner!! Up >17% since our alert from three weeks ago. IMHO, it still has more left in the tank, but a pull back should be expected at this stage back to about $840+/-10
By: Intelligent Investing | November 22, 2024

• $NFLX

What a winner!! Up >17% since our alert from three weeks ago. IMHO, it still has more left in the tank, but a pull back should be expected at this stage back to about $840+/-10.



Read Full Story »»»

DiscoverGold
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Just1MoreUpTick Just1MoreUpTick 2 weeks ago
Any guesses on when they announce the next split?
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Monksdream Monksdream 2 weeks ago
NFLX, new 52/high
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DiscoverGold DiscoverGold 2 weeks ago
Netflix Stock Reverses Losses on Beyoncé Halftime Buzz
By: Schaeffer's Investment Research | November 18, 2024

• NFLX is brushing off glitches during its broadcast of the Jake Paul vs. Mike Tyson fight

• NFLX sports a 69.5% lead for 2024

Netflix Inc (NASDAQ:NFLX) stock is up 0.3% at $825.41 at last glance, amid news that Beyoncé will perform the halftime show in the Baltimore Ravens-Houston Texans Christmas Day game that the company will exclusively stream. Shares are reversing premarket losses that followed several glitches during its broadcast of the Jake Paul vs. Mike Tyson fight on Saturday -- its biggest live sports event ever.

The equity has taken a breather from its Nov. 14, record closing high of $837.26, but is still on track for its fifth win in the last six sessions. NFX is trading comfortably above its 20-day moving average after a brief dip below it in mid-October, and sports are up 69.5% lead for 2024.

Short-term options traders lean bearish. This is per Netflix stock's Schaeffer's put/call open interest ratio (SOIR) of 1.34 that sits higher than 94% of readings from the last 12 months.

Now looks like a good time to weigh in on NFLX's next moves with options. The stock's Schaeffer's Volatility Index (SVI) of 23% stands in the 2nd percentile of its annual range, meaning options traders are pricing in extremely low volatility expectations at the moment.

Read Full Story »»»

DiscoverGold
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Stock Guy777 Stock Guy777 2 weeks ago
What a joke that this thing is up $18 at the moment anyway. Yeah they tuned in a lot of viewers, but couldn’t handle the bandwidth which I’m assuming, in the long run will not be good for them.
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Stock Guy777 Stock Guy777 3 weeks ago
It’s got to. That was a disaster, not to mention the fact that the fight sucked!
Totally fixed just to go through the rounds and not throw any punches … if Tyson would’ve actually fought, he would’ve destroyed Jake.
But the fact that their servers were dog shit for probably the entire country if not worldwide. BIG FAIL FOR NETFLIX
👍️0
Tahoe2468 Tahoe2468 3 weeks ago
Will the Tyson fight drop this Monday??? 
👍️0
DiscoverGold DiscoverGold 3 weeks ago
$NFLX $835 Bull flag target from a week ago reached. That was easy! Time to raise stops, take partial profits etc.
By: Intelligent Investing | November 13, 2024

• $NFLX

$835 Bull flag target from a week ago reached. That was easy! Time to raise stops, take partial profits etc.



Read Full Story »»»

DiscoverGold
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Monksdream Monksdream 3 weeks ago
NFLX, new 52 week high
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DiscoverGold DiscoverGold 4 weeks ago
Netflix $NFLX Bull flag alert from two days ago confirmed with yesterday’s breakout and today’s follow through.
By: Intelligent Investing | November 7, 2024

• $NFLX

Bull flag alert from two days ago confirmed with yesterday’s breakout and today’s follow through.



Read Full Story »»»

DiscoverGold
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Just1MoreUpTick Just1MoreUpTick 4 weeks ago
Any prediction when they will split? Last split was at $700/share.
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DiscoverGold DiscoverGold 4 weeks ago
$NFLX Nice potential bull flag forming, with a target of ~$835, contingent on holding above $735
By: Intelligent Investing | November 6, 2024

• $NFLX

Nice potential bull flag forming, with a target of ~$835, contingent on holding above $735. Thus there is a good risk / reward setup, while the chart's trend is 100% bullish (price > 10d sma > 20d > 50d > Cloud > 200d; and all are rising).



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 1 month ago
Netflix $NFLX Who doesn't love a good Power Earnings Gap setup?
By: TrendSpider | November 1, 2024

• $NFLX Who doesn't love a good Power Earnings Gap setup?



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 1 month ago
$NFLX $2+ Million Call Sell Orders These were sold to open (Vol>OI) at and below the bid
By: Cheddar Flow | October 30, 2024

• $NFLX $2M+ Call Sell Orders

These were sold to open (Vol>OI) at and below the bid

The whale is either selling these to collect the premium or holds the underlying and is deploying a covered call strategy

Both strategies are common on this ticker.



Read Full Story »»»

DiscoverGold
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EarningsCentral EarningsCentral 1 month ago
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DiscoverGold DiscoverGold 1 month ago
$NFLX $1.3 Million OTM Call (Very Unusual)
By: Cheddar Flow | October 23, 2024

• $NFLX $1.3M OTM Call (Very Unusual)

This was bought to open (Vol>OI) and executed above the ask for the November 15th expiration



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 2 months ago
Netflix $NFLX Revenues (Billions)
By: Charlie Bilello | October 18, 2024

• Netflix Revenues (Billions)
2024 (est): 39
2023: 34
2022: 32
2021: 30
2020: 25
2019: 20
2018: 16
2017: 12
2016: 8.8
2015: 6.8
2014: 5.5
2013: 4.4
2012: 3.6
2011: 3.2
2010: 2.2
2009: 1.7
2008: 1.4
2007: 1.2
2006: 1.0
2005: 0.7
2004: 0.5
'03: 0.3
'02: 0.2
'01: 0.08
'00: 0.04

Read Full Story »»»

DiscoverGold
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OptimusPrime555 OptimusPrime555 2 months ago
Bag holders soon! LMAO
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DiscoverGold DiscoverGold 2 months ago
Netflix (NFLX) Stock Hits Record Highs After Earnings
By: Schaeffer's Investment Research | October 18, 2024

• Netflix has quietly strung together an outstanding year on the charts

• NFLX's options volume is running at 14 times the intraday average today

Netflix Inc (NASDAQ:NFLX) stock is 8.3% higher to trade at $744.38, and earlier hit a new record high of $756.89 after a blockbuster third-quarter earnings report. For the quarter, the streaming giant tallied earnings per share of $5.40 on revenue of $9.83 billion, saw total paid subscribers of 282.70 million, and issued fourth-quarter guidance that was ahead of expectations.

Prior to today's pop, the shares were testing their 80-day moving average. Netflix stock is about to nab its 10th weekly win in 11, and now stands 55% higher since the start of 2024, with an 86.6% year-over-year lead to boot.

At last check, 71,000 calls and 62,000 puts have crossed the tape today, which is 14 times the intraday average amount. New positions are being bought to open at the most popular October 750 call that expires at the end of today's trading.

This denotes a shift in sentiment, as bearish bets were the popular pick over the last two weeks. NFLX's 10-day put/call volume ratio of 1.10 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 98% of readings from the past 12 months.

Read Full Story »»»

DiscoverGold
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Just1MoreUpTick Just1MoreUpTick 2 months ago
ah, but you do?!?
you have no idea what is going to happen to this market soon
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Monksdream Monksdream 2 months ago
NFLX new 52=week high
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Nebuchadnezzar Nebuchadnezzar 2 months ago
it wont last. this is a sugar high. you should be selling into this strength

you have no idea what is going to happen to this market soon
👍️ 1
Just1MoreUpTick Just1MoreUpTick 2 months ago
Up 6.47% LOL, heading for $1,000 if they don't split before that
NFLX up 2.25%? thats it? SELL
👍️0
DiscoverGold DiscoverGold 2 months ago
$NFLX Far OTM $20.2 Million Calls are starting to come in
By: Markets & Mayhem | October 17, 2024

• $NFLX Far OTM Earnings Lottos are starting to come in.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 2 months ago
Snapshot of a strong $NFLX quarter & guide:
By: Brad Freeman | October 17, 2024

• Snapshot of a strong $NFLX quarter & guide:



Read Full Story »»»

DiscoverGold
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Nebuchadnezzar Nebuchadnezzar 2 months ago
NFLX up 2.25%? thats it? SELL dont get caught holding an expensive bag
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Nebuchadnezzar Nebuchadnezzar 2 months ago
NFLX stock peaking out already in AH below all time highs

stock is very heavy now, even after a beat and raise, this stock is a SELL

$600-$650 will be seen again
👍️0
DiscoverGold DiscoverGold 2 months ago
Netflix $NFLX Just Reported Earnings:
By: Evan | October 17, 2024

• NETFLIX $NFLX JUST REPORTED EARNINGS

EPS of $5.40 beating expectations of $5.12
Revenue of $9.83B beating expectations of $9.77B

Netflix added 5.07M subscribers last quarter above expectations of 4M

Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 2 months ago
Bearish RSI divergence playing out on $NFLX ahead of today's earnings report...
By: TrendSpider | October 17, 2024

• Bearish RSI divergence playing out on $NFLX ahead of today's earnings report...

~EPS ESTIMATE: $5.12 (+37% YoY)
~SALES ESTIMATE: $9.77B (+14% YoY)

Netflix makes up 0.61% of the S&P 500 and will set the tone for big tech earnings this quarter.



Read Full Story »»»

DiscoverGold
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Monksdream Monksdream 2 months ago
NFLX 10Q due Oct 17
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Monksdream Monksdream 2 months ago
NFLX new 52 week high
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Monksdream Monksdream 2 months ago
NFLX new 52 week high
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DiscoverGold DiscoverGold 2 months ago
Netflix $NFLX hit with some new analyst ratings today:
By: TrendSpider | October 7, 2024

• Netflix $NFLX hit with some new analyst ratings today:

• Barclays downgrades to underweight, maintains $550 PT.

• Piper Sanders upgrades to overweight, raises PT from $650 to $800.

• TD Cowen maintains buy rating, raises PT from $775 to $820



Read Full Story »»»

DiscoverGold
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Just1MoreUpTick Just1MoreUpTick 2 months ago
Good riddance! Bye now!
They endorsed Harris I will be canceling
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kittycattttt kittycattttt 2 months ago
💯
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free bird free bird 2 months ago
😂
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Princess17 Princess17 2 months ago
They endorsed Harris I will be canceling
👍️0
DiscoverGold DiscoverGold 3 months ago
Netflix Subscribers, Ad Sales, and Share Price All Rising
By: Lucas Downey | August 27, 2024

• Netflix, Inc. (NFLX) is growing subscribers, retaining them, and could attract more due to unique programming and adding live sports.

The leading streaming video company, NFLX has 277 million paying subscribers, which is up 16% from a year prior. Its growing content library and user database make it a place where people go to be entertained and stay there because of the spot-on recommendations.

It makes sense that Netflix has a market capitalization of nearly $293 billion and annual sales topping $36 billion. And with its addition of an ad-supported tier, it’s opened a new revenue channel that is proving popular with advertisers (e.g., a 150% jump in ad sales commitments).

It’s no wonder NFLX shares are up 41% this year – and they could rise more. MAPsignals data shows how Big Money investors are betting heavily on the forward picture of the stock.

Netflix Shares in Demand

Institutional volumes reveal plenty. In the last year, NFLX has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in NFLX shares. They reflect our proprietary inflow signal, pushing the stock higher:


Source: www.mapsignals.com

Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Netflix.

Netflix Fundamental Analysis

Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, NFLX has had strong sales and earnings growth:

• 3-year sales growth rate (+10.6%)
• 3-year EPS growth rate (+31%)

Source: FactSet

Also, EPS is estimated to ramp higher this year by +20.3%.

Now it makes sense why the stock has been powering to new heights. NFLX has a track record of strong financial performance.

Marrying great fundamentals with our proprietary software has found some big winning stocks over the long term.

Netflix has been a top-rated stock at MAPsignals. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s made the rare Top 20 report multiple times in the last year. The blue bars below show when NFLX was a top pick…making the share price jump:


Source: www.mapsignals.com

Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Netflix Price Prediction

The NFLX rally isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 3 months ago
Signal Says Netflix (NFLX) Stock is Ready for More Records
By: Schaeffer's Investment Research | August 22, 2024

• Netflix stock's recent peak comes amid low implied volatility

• NFLX has rallied off its early August lows below $600

Netflix Inc (NASDAQ:NFLX) is flashing another historically bullish signal as the shares -- last seen fractionally higher at $697.16 -- remain just below their Aug. 20 all-time high of $711.33, giving investors another chance to get in on the action.

Netflix's recent peak comes amid historically low implied volatility (IV), which was a bullish combination in the past. According to Schaeffer's Senior Market Strategist Chris Prybal, there were six times in the past five years when NFLX was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) sat in the 20th percentile of its annual range or lower. This is now the case with the stock's SVI of 25%, which sits in the low 16th percentile of its 12-month range.

Prybal's data shows that one month after 67% of these signals, Netflix stock was higher, averaging a 3.1% pop for that time period. From its current perch, a move of similar magnitude would put NFLX at around $718.77 per share -- a new record high.

Netflix last hit a record high on Tuesday, after a blog post that boasted a "150% plus increase in upfront ad sales commitments over 2023" and closed partnerships for a swath of fan-favorite films and series. Now up 43% year-to-date, the shares have staged a neat bounce from an Aug. 5, three-month low of $587.04, an area that coincides with its 160-day moving average.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 3 months ago
$NFLX Back at ATHs For First Time in Nearly Three Years
By: TrendSpider | August 20, 2024

• $NFLX BACK AT ATHs FOR FIRST TIME IN NEARLY THREE YEARS.

I guess that password sharing crackdown really worked.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 4 months ago
Netflix Stock Posing Potential Entry Point After Pullback
By: Schaeffer's Investment Research | July 30, 2024

• The security is pacing for its sixth-straight daily loss

• Shares are trading near a historically bullish trendline

Netflix Inc (NASDAQ:NFLX) stock is down 0.6% to trade at $623.12 at last check, on track for its sixth-straight daily loss. The shares still boast a 27.8% lead for 2024, and are not too far removed from their July 5, two-year high of $697.49, which was just short of a record peak. While the 20-day moving average is now guiding the equity lower, a bullish trendline now in play has historically preceded gains for NFLX.

The recent negative price action has placed Netflix stock within one standard deviation of its 126-day moving average, after it traded north of this trendline 80% of the time over the past two months, and in eight of the past 10 trading days.

According to Schaeffer's Senior Quantitative Analyst Rocky White, the security has flashed six similar signals during the past three years, after which it was higher one month later 60% of the time, averaging a 4.6% gain. A similar move would place NFLX back above $650.



Now seems like a great opportunity to bet on NFLX's next move with options. The equity's Schaeffer's Volatility Index (SVI) of 28% sits in the 10th percentile of its 12-month range.

Read Full Story »»»

DiscoverGold
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UpTickMeA$AP UpTickMeA$AP 4 months ago
A founder of Netflix donated $7 million to Kamala Harris, and I'm seeing lot's of people saying they're cancelling their Netflix subscription now.

Millions of Republicans could take a big bite out of the subscription number, which will ripple throughout the numbers here.
🚫 1 ❌️ 1
DiscoverGold DiscoverGold 4 months ago
$NFLX Whatever you do, don't look down
By: TrendSpider | July 26, 2024

• $NFLX Whatever you do, don't look down.



Read Full Story »»»

DiscoverGold
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DiscoverGold DiscoverGold 5 months ago
Netflix Stock Volatile After Upbeat Earnings Report
By: Schaeffer's Investment Research | July 19, 2024

• Netflix posted strong second-quarter results

• The streaming giant reported a large number of new customers

Netflix Inc (NASDAQ:NFLX) stock is volatile this morning, after the streaming giant's upbeat second-quarter results and subscriber growth came alongside a disappointing fiscal third-quarter forecast. A flood of analysts raised their price targets on NFLX, including BMO to $770 from $713. At last check, the stock was flat at $643.39, after earlier jumping as high as $678.97.

Before its earlier surge, Netflix stock had been sliding since its early July, two-year peak near the $700 region, which is also home to its November 17, 2021 record high of $700.98, and a firm level of pressure to watch going forward. So far this year, the equity rose 31.4%.

A point in favor of bulls, NFLX's 14-day relative strength index of 26.4 sits in "oversold" territory, which typically indicates a short-term bounce.

Over in the options pits, 113,000 calls and 87,000 puts have been exchanged, which is six times the overall options volume typically seen at this point. Expiring later today, the July 700 call and 625 put are the most popular contracts, with new positions opening at both.

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DiscoverGold DiscoverGold 5 months ago
Netflix (NFLX) Stock has recouped it's losses after earnings report and it is now UP $9.96 OR 1.55% as I post.

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Netflix Beats Q2 Earnings, Falls on Weak Guidance – Tech Stocks Waver
By: James Hyerczyk | July 18, 2024

Key Points:

• Netflix beat Q2 earnings expectations with EPS of $4.88 and revenue of $9.56 billion, but its stock fell due to a weaker Q3 revenue forecast.
• The company added 8.05 million new subscribers, bringing its total to 278 million, driven by its password-sharing crackdown and ad-supported tier growth.
• Despite strong Q2 results, Netflix's decision to stop reporting subscriber figures and average revenue per member next year has raised concerns about long-term growth sustainability.

Netflix Q2 Earnings Beat Expectations, but Stock Falls on Revenue Outlook

Netflix reported strong second-quarter earnings, beating analyst expectations on key metrics. However, the streaming giant’s stock fell in after-hours trading due to a softer revenue outlook for the third quarter.

At 20:39 GMT, Netflix, Inc. is trading $631.01, down $12.03 or -1.87%.

Earnings and Revenue Surpass Estimates

Netflix posted earnings per share of $4.88, surpassing the expected $4.74. Revenue reached $9.56 billion, a 16.8% increase year-over-year, slightly above the anticipated $9.53 billion. The company’s performance was driven by growth in average paid memberships and the success of its ad-supported tier.

Subscriber Growth Continues to Impress

The streaming leader added 8.05 million new subscribers in Q2, significantly exceeding expectations of 4.7 million. This brings Netflix’s total global paid memberships to 278 million, a 16.5% increase from the previous year. The company’s password-sharing crackdown and expansion of its ad-supported tier have contributed to this growth.

Ad-Supported Tier Gains Momentum

Netflix reported a 34% quarter-on-quarter increase in ad-supported memberships. The company aims to achieve critical ad subscriber scale in its ad countries by 2025, setting the stage for further growth in 2026 and beyond. To boost the ad tier, Netflix plans to phase out its basic plan membership in the US and France.


Daily Netflix, Inc

Revenue Forecast Misses Mark

Despite strong Q2 results, Netflix’s Q3 revenue forecast of $9.73 billion fell short of the $9.83 billion analysts expected. This outlook, coupled with the company’s decision to stop reporting subscriber figures and average revenue per member starting next year, has raised concerns about long-term growth sustainability.

Market Reaction and Future Outlook

Netflix shares dropped up to 6% in after-hours trading following the earnings release. However, the company raised its full-year 2024 revenue growth projection to 14-15%, up from the previous 13-15% range. Operating margins are expected to reach 26% for the full year, an increase from the earlier 25% forecast.

Market Forecast

The market’s reaction to Netflix’s earnings report suggests a bearish short-term outlook. While the company’s Q2 performance was strong, concerns about future revenue growth and the decision to withhold key metrics have created uncertainty. Traders should monitor Netflix’s ability to maintain subscriber growth and successfully monetize its ad-supported tier in the coming quarters. The stock may face downward pressure in the near term as the market digests these mixed signals.

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Netflix $NFLX trading lower by more than 2% after guiding revenues below consensus
By: Barchart | July 18, 2024

• Netflix $NFLX trading lower by more than 2% after guiding revenues below consensus.



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Nebuchadnezzar Nebuchadnezzar 5 months ago
"breakdown" being a key word ;)
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Netflix's $NFLX breakdown by region
By: Blossom | July 18, 2024

• Netflix's $NFLX breakdown by region



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