Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Why Netflix Stock Popped 4%

Netflix (NASDAQ: NFLX) stock popped more than 5% in early trading Friday before giving back just a bit -- and ending the day up a solid 4%. Netflix enjoyed a flurry of positive press Friday, beginning with a note from Stifel Nicolaus that reiterated its buy rating on the stock ahead of earnings next week. It predicted Netflix will report that it added 2.035 million domestic subscribers during the fourth quarter of 2018 versus Wall Street's expectation of just 1.758 million, and 7.757 million international subscribers, likewise ahead of the consensus number (7.302 million). In a note covered on StreetInsider.com today, Stifel noted that "Netflix search interest hit its highest point in the past five years for both the U.S. and worldwide exiting December, a strong positive indicator," and the analyst is optimistic that many of those searches translated into new subscribers for Netflix.

First found on: finance.yahoo.com And then on: 1 other references

1 other references

Why Netflix Stock Popped 4%

Published on 11/01/2019 11:35 by: finance.yahoo.com

Why Netflix Stock Popped 4%

Published on 11/01/2019 11:35 by: www.fool.com