Venture Capital

Netflix Stock Craters After Subscriber Miss - Is Now A Great Time To Buy?

by finance.yahoo.com posted 4months ago 122 views
History is on the side of Netflix (NFLX) bulls who are licking their wounds on Wednesday after the streaming giant whiffed on its first quarter subscriber growth goals. Bank of America analyst Nat Schindler showed in a new research report Wednesday that Netflix shares often rally in the months after the company falls short on subscriber targets (chart below). Some of the largest gains have been seen 12 months after a miss, led by a 134% surge after Netflix missed subscriber estimates in the first quarter of 2017.