Susquehanna Remains Negative On Shares Of Netflix (NFLX), No More Guidance

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Susquehanna is maintaining their Negative rating on shares of Netflix (NASDAQ: NFLX) as they state that "NFLX has ceased providing forward guidance in any detail, citing the dynamic nature of its business. It will also cease providing information on subscriber cancellations and churn statistics." The firm believes that this could be an issue with a number of free subscribers being so large, which could have an above-average churn rate.

For more ratings news on Netflix click here and for the rating history of Netflix click here.

Shares of Netflix closed at $183.03 yesterday, with a 52 week range of $48.56-$209.24.

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