A volatile few months – The first half of Q3 2017 has been volatile for Netflix’s (NFLX:NASDAQ) stock price. Starting in July with our initiation at $146, NFLX jumped to $189 following a stronger than expected Q2 net subscriber additions before settling around $168 today. Also driven by news of Disney, Facebook and Apple entering the over-the-top (OTT) content market, Q3’s annualized volatility of 46% compares to a 29.5% annual volatility that Netflix has seen year-to-date. Netflix might fall short of the guided 4.4 million net adds – After updating our regression model for Q2 data, we estimate that a […]
Daily Archives: Tuesday, August 29, 2017 3:33pm
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