Netflix Is Poised for a Third-Quarter Rebound
Netflix (NASDAQ: NFLX) disappointed investors with its second-quarter results when it posted its first quarterly decline in U.S. subscribers since 2011. But all indications are that the streaming service is set for a rebound in the third quarter. Analysts at Bank of America have seen "significant reacceleration" in Netflix's mobile app downloads in the third quarter so far. And Credit Suisse analysts said the first seven weeks of the quarter showed a broad-based rebound in overall trends for the company.
The rebound comes ahead of the launches of major competing services from Disney and Apple, so investors should look more closely at what's going on at Netflix and determine whether the rebound is sustainable or a one-off event.
Image source: Netflix.
Source Fool.com
