Scalper1 News
Internet television service Netflix (NFLX) is poised to report a surge in new subscribers from its European expansion when it discloses third-quarter earnings on Wednesday after the market close. Netflix has forecast adding 2.36 million international subscribers and 1.33 million U.S. streaming subscribers in Q3. Those additions would give it a worldwide total of 53.74 million streaming subscribers, up from 50.05 million at the end of Q2. Netflix entered France, Germany and four other European markets in late September. It is targeting the more than 63 million broadband households in those six European countries. Cantor Fitzgerald analyst Youssef Squali says that he expects strong subscriber growth with the possibility of an upside surprise from international markets. He rates Netflix stock as a buy with a price target of 500. Netflix stock dropped 2% on Friday to 452.08, but it’s up 23% in 2014 and has dramatically outperformed the S&P 500…. Scalper1 News
Scalper1 News