NASDAQ Composite opens in less than five hours and Netflix‘s pre-market value is already 8.04% down.
The last session, NASDAQ Composite finished with Netflix falling 0.88% to $549.57. NASDAQ Composite fell 0.92% to $13,786.27, after two sequential sessions in a row of losses, on what was a somewhat negative trend trading session.
Netflix’s last close was $554.44, 7.96% below its 52-week high of $593.29.
News about Netflix today
Netflix will need some post-summer blockbusters. According to today’s article on The Wall Street Journal, "Of course, the many Netflix competitors now in the market will be executing on similar plans. ", "But with streaming investors myopically focused on subscriber counts, Netflix will still need a lot of viewers to find their way back indoors later this year."
Netflix’s sales growth is 23.7% for the present quarter and 21.4% for the next. The company’s growth estimates for the ongoing quarter and the next is 89.2% and 68.6%, respectively.
Netflix’s last day, last week, and last month’s current volatility was 1.45%, 1.27%, and 1.39%, respectively.
Netflix’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.00% (day), 2.21% (last week), and 2.37% (last month), respectively.
Previous days news about Netflix
Netflix is chill about pandemic's end. According to The Wall Street Journal on Sunday, 18 April, "But at nearly 204 million paid subscribers and climbing, Netflix is already way ahead of its rivals on that score. ", "Wall Street currently expects Netflix to add about 25% fewer new paid subscribers this year than last, according to FactSet."
Netflix stock down over 10% in late trading after quarterly results. According to MarketWatch on Tuesday, 20 April, "For the current quarter, Netflix expects just 1 million net new streaming customers, which would be the lowest total on record for the company. ", "Combined with easing lockdown restrictions, Netflix may face increasingly strong headwinds in the next few quarters as consumers shy away from their devices in favor of the outdoors," analyst Peter Hanks of news and research site DailyFX.com warns."
Netflix faces new test as economies reopen. According to The Wall Street Journal on Tuesday, 20 April, "There’s a boost in engagement that you get when people are in a lockdown situation," Netflix operations chief Gregory Peters said at an investor event last month.", "For the first quarter, Netflix has said it expects to add six million new subscribers, less than half of the 15.8 million it gained for the year-earlier period, when the spread of the coronavirus was first intensifying. "
More news about Netflix.