Will Netflix, Inc.'s Earnings Send the Stock to New Highs?
Video-entertainment veteran Netflix (NASDAQ: NFLX) expanded its video streaming services almost worldwide in 2016. This year, the company has committed to a more ambitious slate of original content productions, and it's found a back door into the missing puzzle piece that is China by partnering with a local hero.
As Netflix prepares for a second-quarter earnings report on Monday night, it has gained more than 50% over the past 52 weeks and trades just below the all-time highs that were set in early June. Investors will inspect this report for signs of healthy subscriber growth, as usual, but will also look for wider profit margins and fresh details on how the original-content blitz is working out.
Let's have a closer look at what Netflix has been doing lately, and what investors should look for in Monday's earnings report.
Source: Fool.com
Netflix Inc. Stock
Our community is currently high on Netflix Inc. with 81 Buy predictions and 9 Sell predictions.
With a target price of 596 € there is a slightly positive potential of 1.46% for Netflix Inc. compared to the current price of 587.4 €.
