On august 14th CNBC made a quick 2 min review on Netflix, Inc. (NASDAQ:NFLX)’s recent events. Talking about recent data which shows Netflix’s losses and what this company is doing to reverse its course. Carter Worth, first to give his opinion says:
“Netflix, stock has returned to a difficult level, and actually is finding a bit of difficulty in the sense that if you look how it has performed over the last 3 to 4 weeks relative to the market it’s a real lagger and we think this is the stall or the sign that ultimately it will rollover and given the amount of time we have we are inclined to stay.”
Seems that the opportunity has yet not come but keeping an eye on this stock might be the best strategy.
Recent news state that Netflix, Inc. (NASDAQ:NFLX) has made a great comeback to cut content costs. They have been able to apply what HBO has been doing for a long time. They have created their own shows including “House of Cards” and “Orange is the New Black” have revealed that Netflix, Inc. (NASDAQ:NFLX) has got what it need to cut losses. Still, these shows represent a tremendous cost in producing. So Netflix has come up with a new type of comedy special, presenting a one man show led by Bill Cosby. We’ll probably see more of these types of shows, with low production costs.
Netflix, Inc. (NASDAQ:NFLX), provides on-demand internet streaming media services, has a market capital of $27.6 billion, Q2 revenue of $1.34 billion and Q2 a net income of $71 million. Its P/E stands at 138. Netflix has shown great increase on price share, in this last year, coming from a $362.82 per share on January 02, 2014 to a $459.09 per share on August 15, 2014.
This article has been written by Alexander Scheller and edited by Serkan Ünal.