Why Netflix Stock Jumped at the Open
(NASDAQ: NFLX) generated solid quarterly results, confirming the company's place at the top of the highly competitive streaming industry.
Investors largely cheered the results, sending Netflix shares up as much as 5.6% in Friday morning trading, though the stock gave up those gains in the hours that followed.
Netflix earned $4.88 per share on revenue of $9.56 billion in the second quarter, topping Wall Street's consensus estimate for $4.74 in earnings on sales of $9.53 billion. The standout number was the 8.05 million boost to the number of subscribers, which is nearly double the growth that analysts had expected.
Source Fool.com
Netflix Inc. Stock
€75.86
0.000%
The stock is one of the favorites of our community with 122 Buy predictions and 1 Sell predictions.
With a target price of 112 € there is a positive potential of 47.64% for Netflix Inc. compared to the current price of 75.86 €.
