Netflix: Well Deserved Pullback, Buy The Correction (Rating Upgrade) [Seeking Alpha]
Netflix, Inc. (NFLX)
Last netflix, inc. earnings: 4/21 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.netflix.com/investor-relations
Company Research
Source: Seeking Alpha
Considering that it has already become a standard reporting method and is now being adopted by other legacy players, the sudden pivot is strange indeed. Even so, we agree with the management's stance in which profitable growth matters most, with its next opportunity being in the advertising market, against the maturing subscriber growth. NFLX's inherent profitability, growing market share, healthy balance sheet, and robust shareholder returns continue to demonstrate its long-term investment thesis. With the market correction still occurring, interested investors may want to monitor the stock's movement before adding at its previous support levels of $480s for an improved margin of safety. We previously covered Netflix, Inc. NASDAQ: NFLX ) in January 2024, discussing why its streaming prospects might remain robust as the macroeconomic outlook lifted, significantly aided by the robust labor market as discretionary spending grew. Combined with the excellent FQ4'23 performance
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NFLX
News
- Best Momentum Stocks to Buy for May 3rd [Yahoo! Finance]Yahoo! Finance
- ‘Outlander' Finally Comes To Netflix With An Incredible New Season [Forbes]Forbes
- One Of The Best Robin Williams Comedies Ever Made Lands On Netflix Today [Forbes]Forbes
- An Online Radio Station Where Everything Is Eclectic [The New York Times]The New York Times
- SAG-AFTRA taps Nielsen for streaming data to enforce new contract [Los Angeles Times (CA)]Los Angeles Times
NFLX
Earnings
- 4/18/24 - Beat
NFLX
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- NFLX's page on the SEC website