Netflix's Third-Quarter Results Exceeded Expectations. But Is the Stock a Buy?
When the company's third-quarter 2024 results were released after the market closed on Thursday, investors liked what they saw, and shares jumped 11% on Friday. After Friday's stock pop, Netflix shares ended the trading week at $763.
Why Netflix Stock Is Still a Buy
Netflix continues to deliver strong growth across the board, adding 5.1 million subscribers in the quarter, or 35.6 million over the last four quarters. That drove revenue up 15% in the quarter to $9.83 billion, which edged past estimates of $9.78 billion.
Netflix's Earnings Show A Business Slow Down
Netflix's valuation is lofty with a P/E ratio of ~35, requiring future growth. Current FCF yield of 2% is insufficient to justify this valuation. Revenue growth is slowing, with $9.8 billion in the recent quarter and net income volatile,
Why Netflix Stock Is Crushing the Competition
Netflix (NASDAQ: NFLX) reported yet another great quarter last week, continuing to add subscribers and improve the bottom line. How does Netflix stay ahead with so many streaming competitors? In this video,
Netflix's Latest Earnings Call Sent Its Stock Surging. Should You Buy Now?
The streaming giant released its third-quarter earnings results on Thursday, Oct. 17 and Wall Street was impressed; it exceeded consensus estimates for both revenue and earnings per share (EPS). The market reacted to the news and shares are up about 10% as of this writing.
Netflix boosts Nasdaq, while S&P heads for best weekly win streak of 2024
Wall Street on Friday pushed higher, as market participants digested a slew of quarterly reports. A post-earnings surge in ...
Tech stocks lift Nasdaq, S&P 500; Netflix soars after results
The S&P 500 and the tech-heavy Nasdaq gained ground on Friday, bolstered by technology stocks, while Netflix surged after ...
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Should You Buy Netflix Stock After the Spectacular Earnings Update?
Netflix (NASDAQ: NFLX) reported excellent growth in revenue, profit, cash flow, and subscribers. *Stock prices used were the afternoon prices of Oct. 16, 2024. The video was published on Oct. 18 ...
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Nasdaq and S&P 500 Rise as Netflix Surge Fuels Market Optimism
Markets geared toward towards higher weekly anticipations for the Nasdaq Composite advanced on Friday led by Netflix's ...
Netflix earnings and tech stocks boost S&P 500, Nasdaq to closing highs
The S&P 500 and the Nasdaq ended higher on Friday, boosted by an earnings-driven jump in Netflix shares and broader gains ...
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The Uptrend in Netflix Will Continue: Another 15% Upside Ahead
Netflix's (NASDAQ: NFLX) uptrend will continue because the company is still growing and outpacing forecasts. In 2024 and 2025, the company’s growth will be driven by the increasing user base and ...
Netflix (NFLX): Among the Most Profitable Stocks of the Last 10 Years
We recently compiled a list of the 10 Most Profitable Stocks of the Last 10 Years. In this article, we are going to take a ...
Nasdaq, S&P 500 set for higher open on tech boost; Netflix surges
By Lisa Pauline Mattackal and Purvi Agarwal (Reuters) -Futures pointed to a higher open for the S&P 500 and the Nasdaq on ...
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Citi Staying Out of Netflix (NASDAQ:NFLX) Revival
Streaming giant Netflix (NFLX) has been on a tear lately, particularly after posting third-quarter results that proved to be better than most saw coming. But not everyone is so sure that this is ...