Netflix (NFLX) Stock Tanks 19% on Paid Net Additions Miss & Lower Guidance
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 4/25/2024
- Stocks and yen struggle as tech troubles weigh
- Meta shares dip on softer Q2 revenue guidance, elevated AI spending plans
- Oil steady as US demand concerns balance Middle East conflict risks
- Yen hits fresh 34-year lows against dollar ahead of BOJ meeting
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- IBM tumbles on soft Q1 revenue; announces HashiCorp $6.4bn acquisition
- Hasbro (HAS) brand strength sees earnings top expectations
- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
- Seagate Technology (STX) Enters $600M Asset Purchase Agreement with Avago
- Crude Inventory Declined 6.4 Million Barrels Last Week
- After-hours movers: Meta, Ford, IBM, ServiceNow and more
- Midday movers: Tesla, Boeing rise; Uber, Old Dominion Freight fall
- After-hours movers: Tesla, Texas Instruments, Seagate, Visa and more
- Midday movers: PepsiCo, JetBlue fall; GM, Danaher and UPS rise
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
Netflix (NFLX) PT Lowered to $555 at Guggenheim
January 21, 2022 8:22 AM ESTGuggenheim analyst Michael Morris lowered the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $720.00) while maintaining a Buy rating following results and weak subscriber guidance.
The analyst commented, "Well-below consensus 1Q22 member add guidance (2.5mm versus preconsensus 5.9mm) headlined a relatively... More
Goldman Sachs Provides Context to Netflix (NFLX) Miss and Gap Down, PT Lowered to $450 at
January 21, 2022 7:17 AM ESTGoldman Sachs analyst Eric Sheridan lowered the price target on Netflix (NASDAQ: NFLX) to $450.00 (from $580.00) while maintaining a Neutral rating.
The analyst stated "We expect the market to have a negative reaction to Netflixs Q4 21 earnings report, as a mixed picture emerged of... More
Roku (ROKU), Disney (DIS) Trade Lower in Sympathy Following Netflix (NFLX) Results
January 20, 2022 4:08 PM ESTRoku (NASDAQ: ROKU), Disney (NYSE: DIS) Trade Lower in Sympathy Following Netflix (NASDAQ: NFLX) Results
NFLX -10.5%DIS -2.3%ROKU 4%... MoreGloomy Netflix forecast erases much of stock's pandemic gains
January 20, 2022 4:05 PM ESTBy Lisa Richwine
LOS ANGELES (Reuters) -Netflix Inc dashed hopes for a quick rebound after forecasting weak first-quarter subscriber growth on Thursday, sending shares sinking nearly 20% and wiping away most of its remaining pandemic-fueled gains from 2020.
The world's largest streaming service projected it would add 2.5 million customers from January through March, less than half of the 5.9 million analysts had forecast, according to Refinitiv IBES data.
Netflix tempered its growth expectations, citing the late arrival of anticipated content, such as the second season of "Bridgerton" and the Ryan Reynolds time-travel movie "The Adam Project."
Shares of Netflix... More
Netflix (NFLX) Tops Q4 EPS by 51c; Subs Fall Short
January 20, 2022 4:01 PM EST(Updated - January 20, 2022 4:04 PM EST)
Netflix (NASDAQ: NFLX) reported Q4 EPS of $1.33, $0.51 better than the analyst estimate of $0.82. Revenue for the quarter came in at $7.71 billion versus the consensus estimate of $7.72 billion.
Global Streaming Paid Net Additions were 8.28 million in Q4,... More
