NASDAQ Composite opens in less than four hours and Netflix’s pre-market value is already 13% up.
The last session, NASDAQ Composite ended with Netflix rising 0.76% to $501.77. NASDAQ Composite jumped 1.53% to $13,197.18, following last session’s upward trend on what was an all-around positive trend trading session.
Netflix’s last close was $497.98, 14.67% under its 52-week high of $575.37.
Year-on-year quarterly revenue growth grew by 22.7%, now sitting on 23.82B for the twelve trailing months.
Netflix’s last day, last week, and last month’s average volatility was a negative 0.58%, a negative 0.49%, and a negative 0.21%, respectively.
Netflix’s last day, last week, and last month’s high and low average amplitude percentage was 2.27%, 2.98%, and 2.63%, respectively.
Previous days news about Netflix
Netflix investors, we need to talk about churn. According to Bloomberg Quint on Tuesday, 19 January, "Just two years ago, there weren’t many on-demand video alternatives to Netflix aside from your own stack of dusty DVDs or the local gas station’s Redbox kiosk. ", "As the incumbent with the most customers to lose, Netflix Inc.’s shareholders will be keeping a watchful eye on its churn rate, including gleaning what they can from its next earnings report, which is set to arrive Tuesday after the stock market closes."
Netflix stock jumps over 8% after quarterly results. According to MarketWatch on Tuesday, 19 January, "The news sent Netflix shares up more than 8% in after-hours trading Tuesday, despite profits being lower than expected.", "On Tuesday afternoon, Netflix reported 8.5 million net new subscribers in its fourth quarter, a dramatic uptick from the 2.2 million reported in the previous quarter. "
Netflix soars after subscriptions blow past 200 million. According to Bloomberg Quint on Tuesday, 19 January, "With $8.2 billion in cash — and a credit line that hasn’t been drawn down — Netflix said it no longer needs external financing. ", "In the fourth quarter alone, Netflix released popular series in German, Korean, Japanese and French."
Netflix tops 200 million subscribers for the first time. According to The Wall Street Journal on Tuesday, 19 January, "With many people spending more time at home, streaming demand jumped, bolstering Netflix as well as its competitors.", "In October, Netflix raised the monthly price of its standard streaming service, its most popular option, by $1 to $13.99. "
Netflix delivers a one-two punch. According to The Wall Street Journal on Tuesday, 19 January, "Over the previous five years, Netflix had averaged about 22.5 million paid subscriber additions annually.", "New rivals also have cost Netflix access to popular comfort-viewing programs such as "Friends" and "The Office."
Netflix gets to say 'i told you so,' for now. According to Bloomberg Quint on Tuesday, 19 January, "Those new users are predominantly outside the U.S., although Netflix managed to surpass estimates even in North America. ", "Whether theresultofstrategic genius or a bit of luck owing to the peculiar nature of thestay-at-home recession(maybe a bit of both), Netflix co-CEOs Reed Hastings and Ted Sarandos get to say, "We told you so." But what the streaming wars have taught us is that any video app’scontinued success will only be as strong as the content it produces."