Netflix stock dropped ~15% today after the market closed
Netflix released their quarterly report this evening which caused a major drawback in stock value that was partially caused by a dismal amount of new global subscribers. The company expected to add around 2.5 million subs, but the actual number was around 1.7 million, with 1.52 million of them being international customers. Earnings per share came in at $0.09 beating average expectations of $0.02. Speculators are suggesting Netflix has hit its peak market share. What do you guys think? Are there other services that beat Netflix?
Its a good time to buy it. This is due to losing some subscribers due to the small fee increase. They will be back, its still great value for your money.
Everybody quit netflix to play Pokemon Go.
lol!
Netflix's share price is very overvalued, in my opinion. Their market cap is $42.48 Billion but their total equity is only $2.3 Billion.