If you invested $1,000 in Netflix in 2007, here's how much you'd have now via CNBCMakeIt
All eyes are on video-streaming giant Netflix, which faces new competition from Disney's highly anticipated streaming platform, Disney+, as it reported itsfirst-quarter earnings Tuesday.
While the company's stock took a slight dip after hours Tuesday, following its earnings release, it reported quarterly revenue that beat estimates and shares are up more than 34 percent as of Tuesday's close. "Platform status brings network effects not available to peers and competitors," analyst Bryan Kraft wrote in a note."Specifically, this is making Netflix even more of a go-to destination when consumers want to watch something, and it means having Netflix is becoming more of a cultural necessity for people around the world. It also makes Netflix a magnet for talent."
While Netflix's stock has shot up recently and has mostly done well over the years, though, any individual stock can over- or underperform and past returns do not predict future results. Worth, chief market technician at market research company Cornerstone Macro, acknowledged that Netflix's stock is"one of the great winners of all time," but added,"I think it's risky to go into earnings long, at least full long. I'd reduce or buy puts or some other strategy to protect oneself."
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
If you invested $1,000 in JP Morgan 10 years ago, here's how much you'd have nowIf you invested $1,000 in JP Morgan 10 years ago, here's how much you'd have now via CNBCMakeIt
और पढो »
If you invested $1,000 in Disney 10 years ago, here's how much you'd have nowDisney's stock surged after the company introduced Disney+, a streaming platform and Netflix competitor.
और पढो »
You can buy a home for less than $1,000 a month in these big citiesEven as housing affordability takes a hit nationwide, you can still buy a house with a monthly mortgage payment of $1,000 or less in some major U.S. cities.
और पढो »
Only Real Travel Pros Can Plan A Trip To Paris For Under $1,000Can you fall in love with the city of love on a budget?
और पढो »
Steve Jobs explains the original iPhone in 2007 CNBC interviewJust after his famous keynote address in 2007, Steve Jobs sat down with CNBC to explain why the iPhone would transform the 'handset' industry. 'We think what we've done, is to reinvent the phone,' he said.
और पढो »
Here's what major analysts think of Netflix before its earnings report TuesdayAnalysts watching Netflix closely as it reports earnings after the bell.
और पढो »