NetFlix Hits $211 a Share
Move over Comcast (NASDAQ:CMCSA), here comes NetFlix (NASDAQ:NFLX) with a market cap that is now 1/6 of your size.
NEW YORK (MarketWatch) — Netflix Inc. is defying gravity on Wall Street. It may just be the hottest stock around.
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The question is: Can the white-hot shares keep up the momentum?
Or, perhaps, investors are simply grateful to snap up shares in a tech company whose name doesn’t begin with “A” and end with with “pple.” Sure, the company is officially considered a consumer stock, but with an increasing amount of its business going to streaming content and away from its traditional DVD-by-mail structure, it’s more a tech company every day.
Hulu re-writing its script
WSJ's Sam Schechner reports on Hulu re-tooling its business plan to keep up with a changing digital world.
Is Netflix going to emerge as Wall Street’s latest flavor of the earnings season? Or will money managers lose faith that Netflix, by all counts a well managed company with a better mousetrap than the competition, can continue to post impressive quarterly profits and make promises of future growth?