Why Netflix Stock Fell 11.8% Friday Morning
Shares of (NASDAQ: NFLX) fell as much as 11.8% shortly after Friday's opening bell, following a fantastic earnings report with modest guidance for the next quarter. As of 11:25 a.m. ET, the entertainment pioneer's stock had recovered slightly to a 9.7% drop.
Image source: Netflix.
Netflix's first-quarter sales rose 16.2% year-over-year to $12.25 billion. That's just ahead of management's guidance, and the consensus Street view, calling for $12.18 billion.
Source Fool.com
Netflix Inc. Stock
€66.89
3.870%
The stock is one of the favorites of our community with 124 Buy predictions and 3 Sell predictions.
With a target price of 101 € there is a hugely positive potential of 50.99% for Netflix Inc. compared to the current price of 66.89 €.
