Netflix Shares Soar 39 Percent

0
0

Volatile Netflix shares were up a sensational 39 percent or $38.74 to $142.21 on the Nasdaq at midday today (Thursda) following a better-than-expected quarterly report. Anders Bylund at the MotleyFool.com said that the through-the-roof rise of the stock represented the kind of pop you'd expect from a generous buyout, not just a regular earnings report. TV business commentator Jim Cramer told TheStreet.com that he expects the stock to continue to soar. But Eric Wold, a media analyst with B. Riley Caris, maintained that the quarterly results represent merely a short-term victory and that competition will continue to hold back domestic subscriber growth which would cause a reverse in operating leverage and negatively impact the company's ability to self-fund its international growth plans. Wold maintains a sell rating on Netflix. And Michael Pachter of Wedbush Securities noted that Netflix faces enormous costs to provide attractive content. Therein lies the rub, he wrote. Netflix can only improve the typical viewing experience for next year by increasing its content spending, negatively impacting profitability further.


Contactmusic
0
0
Advertisement

Editors Recommendations

'American Sniper' Is a Late Arrival to the Oscars Party

The heart-pounding teaser trailer for American Sniper had so much promise that perhaps a current...

'American Sniper' Is a Late Arrival to the Oscars Party

Mark Ronson - Daffodils ft. Kevin Parker Audio

Mark Ronson will finally unveil his fourth album 'Uptown Special' on January 26th 2015 through...

Mark Ronson - Daffodils (Audio) Video

'The Gambler' Is Not Worth the Risk on Christmas Day

Do yourself a favour and go watch American Sniper this festive season. Or Selma. Should you...

'The Gambler' Is Not Worth the Risk on Christmas Day

Bastille - Oblivion [Live]

Bastille perform their single 'Oblivion' live on the Honda Stage at Music Midtown in Atlanta. The track followed Platinum...

Bastille - Oblivion [Live] Video

Clint Eastwood On Crucial Research For 'American Sniper'

Production for 'American Sniper' began back in May, 2012, after Warner Brothers acquired...

Clint Eastwood On Crucial Research For 'American Sniper'

James Corden to Receive OBE before Heading to America

James Corden, the comedian who rose to fame on the critically acclaimed comedy...

James Corden to Receive OBE before Heading to America

Unbroken's Release Mere Days Away, So What Are Critics Saying About Angelina Jolie's Beloved Zamperini Biopic?

The reviews are in for Unbroken and the film, directed by Academy Award...

Unbroken's Release Mere Days Away, So What Are Critics Saying About Angelina Jolie's Beloved Zamperini Biopic?

Theaters To Screen 'The Interview' as Sony Insists "We Did Not Cave"

After the news that several theaters in the U.S are to screen the controversial...

Theaters To Screen 'The Interview' as Sony Insists

Contactmusic.com's 10 Best Films of 2014

There was unexpected variety and diversity in cinemas this year, including some genre films that broke...

Contactmusic.com's 10 Best Films of 2014
Advertisement

Comments

Newsletter

Subscribe to this news alert service to receive news and reviews on

Unsubscribe | Unsubscribe All