Baby, come back.
Netflix Misses on Subscriber Growth
On Monday, July 16, Netflix Inc. (NFLX) posted earnings. While the company beat analyst expectations on its earnings per share, it missed on subscriber growth.
In its letter to investors it also wrote that to had a "strong but not stellar" Q2. Ack.
Despite the stock plunging, analysts aren't too worried about the stock just yet. CFRA analyst Tuna Amobi is holding his buy opinion on Netflix. However, the company did get its price target slashed by $40 to $425.
"Yet, global net subscriber additions of 5.15 million (4.47 million international and 0.67 million in the U.S.) was well below our target for 6+ million and NFLX's guidance of 6.2 million (5.0 million and 1.2 million). Still, we think management's somewhat cautious Q3 outlook for 5.0 million global net adds (4.35 million and 0.65 million) could prove conservative, particularly in relatively nascent international markets, as the company heads into a seasonally stronger H2 period with a much stronger content slate," wrote CFRA in a note.
Helios and Matheson May be on the Rebound
The parent company of MoviePass, Helios and Matheson Analytics (HMNY) is having a good day. The stock soared 5% to 11 cents a share.
Can this streak hold though? Over the past five days, the stock has tumbled 34% and that doesn't even compare to the past year, which saw shares plummet nearly 96%.
Ouch. Here's what the CEO just told TheStreet.
