NASDAQ Composite opens in less than one hour and Netflix‘s pre-market value is already 8.32% down.
The last session, NASDAQ Composite ended with Netflix falling 0.88% to $549.57. NASDAQ Composite fell 0.92% to $13,786.27, after two consecutive sessions in a row of losses, on what was a somewhat negative trend exchanging session.
Netflix’s last close was $554.44, 7.96% under its 52-week high of $593.29.
News about Netflix today
US stock futures dip overnight, Netflix shares tank, volatility rises. According to today’s article on FX Empire, "We believe paid membership growth slowed due to the big Covid-19 pull forward in 2020 and a lighter content slate in the first half of this year, due to Covid-19 production delays," Netflix said in its letter to shareholders."
Netflix stock tumbles 8% after subscriber growth falls short of forecasts. According to today’s article on Business Insider, "Despite its challenges, Netflix grew revenue by 24% year-on-year to $7.2 billion last quarter, and scored a 140% increase in net income to $1.7 billion."
Netflix’s sales growth is 23.7% for the present quarter and 21.4% for the next. The company’s growth estimates for the present 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 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. "
Has Netflix peaked?. According to Bloomberg Quint on Tuesday, 20 April, "Some analysts had been more optimistic than Netflix executives were, so the underachievement appeared to be aneven biggerflop. ", "Against this backdrop, the news that Netflix Inc. managed toadd 4 million subscribers last quarter could be viewed as a cause for celebration. "
More news about Netflix.