I'm a retired Wall Street PM specializing in TMT; my educational background is a bachelor's in Finance and Economics, and an MBA from Columbia, after which I directly began my career on Wall Street. Since kickstarting my career, I've spent over two decades in the market navigating the technology landscape, focusing on risk mitigation through the dot com bubble, credit default of '08, and, more recently, with the AI boom. In one word, what I'd like my service to revolve around is momentum. I channel years of ...

Tired of losing money? Our Tech Contrarians team of Wall Street analysts sifts through the noise in the tech industry and captures outperformers through a coveted research process. We let the work speak for itself here .We reiterate our buy on Netflix, Inc. (NASDAQ: NFLX ). The company reported Q3 earnings results after the bell on Thursday, adding around 5M paid subscribers versus consensus for 3.5-4.5M adds, bringing its total global paid members to 282.72M forAnalyst’s Disclosure: I/we have no stock, opt ...

Netflix shares hit an all-time high on Friday, buoyed by investor optimism that its robust content lineup will help the streaming giant maintain upbeat subscriber growth even as the boost from its password-sharing crackdown wanes.The company, widely seen as the winner of Hollywood’s streaming wars, saw its stock rise nearly 10% to $754.90 and was set to add more than $28 billion to its market value of about $295 billion, if gains hold.It topped estimates for quarterly subscriber additions by more than 1 mil ...

Key TakeawaysNetflix shares surged to a record high Friday, a day after the streaming giant reported strong third-quarter earnings.Several analysts raised their price targets for the stock, citing Netflix's leadership in streaming, with JPMorgan analysts calling it a "top pick."Netflix said its content volume is picking up again after delays from the writers and actors strikes of 2023. Netflix (NFLX) shares surged to a record high Friday, a day after the streaming giant’s third-quarter earnings beat expecta ...

Key TakeawaysNetflix CFO Spencer Neuman said the company has "no plans to increase leverage to buy back stock or to issue a dividend."Neuman said Netflix is prioritizing "profitable growth by reinvesting in our business."Wall Street expects Netflix's full-year free cash flow to top $10 billion in 2026, according to Visible Alpha data. Sorry, dividend investors: You probably won’t be rushing to add Netflix (NFLX) to your portfolios. During the streaming giant’s third-quarter earnings call on Thursday, CFO Sp ...

Netflix (NFLX) reported third-quarter 2024 earnings of $5.40 per share, which beat the Zacks Consensus Estimate by 6.09%. The figure jumped 44.8% from the year-ago quarter.Revenues of $9.82 billion increased 15% year over year and beat the consensus mark by 0.6%.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The company has maintained healthy engagement levels in the third quarter, with about two hours of viewing per member per day, indicating strong member retention.On the ads fro ...

Why did Netflix shares surge today? Find out what's driving the media-streaming expert's stock to record-high prices.Shares of Netflix (NFLX 10.46%) soared to fresh all-time highs on Friday, boosted by a strong earnings report. The media streaming pioneer's stock had gained by 10.7% by 11:10 a.m. ET, adding up to a gain of 120% in 52 weeks.Sales and earnings breezed past expectationsNetflix's top-line revenue rose 15% year over year in the third quarter, landing at $9.83 billion. That's slightly ahead of a ...

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Netflix smashed expectations in the third quarter, but the real meat of this report was served on the earnings call.Media streaming veteran Netflix (NFLX 10.76%) headed into Thursday's third-quarter report on a jittery note. The stock soared to fresh all-time highs last week but then backed down 8% in a week as investors worried about the general health of the global consumer market.Netflix staved off those fears with a robust report Thursday after the market closed. Third-quarter results exceeded managemen ...

Netflix (NFLX) reported robust third-quarter 2024 results after the closing bell on Thursday. The world's largest video-streaming company outpaced earnings and revenue estimates and offered an upbeat guidance. Shares of Netflix jumped as much as 5.4% in after-market hours.Investors could tap the opportune moment through ETFs with the largest allocation to this streaming giant. These funds include MicroSectors FANG+ ETN (FNGS) , Invesco Next Gen Media and Gaming ETF (GGME) , First Trust Dow Jones Internet In ...