A Chink in Netflix's (NFLX) Armor?
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CNBC's senior stocks commentator Herb Greenberg thinks he's found a chink in the momentum story known as Netflix (Nasdaq: NFLX)... its long-term margins.
According to Greenberg, on its latest conference call CEO Reed Hastings hinted that long-term operating margins could be threatened by competition.
On the latest call Reed, stated, "the long-term margins are really driven by competition, because that really influences the pricing."
In the quarter before, Reed stated they look to steadily improve margins at a fairly modest rate.
The report did little to impact Netflix's shares price. Currently the stock is up 0.2% to $168.40.
According to Greenberg, on its latest conference call CEO Reed Hastings hinted that long-term operating margins could be threatened by competition.
On the latest call Reed, stated, "the long-term margins are really driven by competition, because that really influences the pricing."
In the quarter before, Reed stated they look to steadily improve margins at a fairly modest rate.
The report did little to impact Netflix's shares price. Currently the stock is up 0.2% to $168.40.
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