Netflix From 3 to 300, What Is Next ? (NFLX)
Netflix reported their Q2 numbers after the bell today, they beat on EPS but missed on revenue. The subscriber base once again grew, but still no real color on retention of legacy accounts vs. new customers.
My feeling is the die hard NFLX fans are getting a bit tired of same old content & waiting for new streaming additions.. Not to mention the increase in subscription prices.. The increased subscription revenue will more likely be seen in full affect by the end of Q3, as they surely did nothing to help Q2.
As for the chart above, you can see the parabolic move from the 50 level in late 2009 to over 300 in mid 2011. Netflix stock was 3 dollars a share in late 2002, yes the company has grown by leaps and bounds though the starship like rise from mid 2009 till today coincides much to simply with the parabolic rise in the NDX and S&Ps during the same period. iv been wrong about this stock in the past, which is why im not giving any ideas and only making observations. You draw your own conclusions.
Futures are currently down .3% as NFLX AH action of -10% or so is priced in.