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Netflix (NFLX) is running with the bulls Thursday after posting breakout results for the fourth quarter late Wednesday. But some analysts are worried investors might get gored, considering Netflix’s rich valuation and other concerns. The subscription streaming-video leader earned 79 cents a share in Q4 vs. 13 cents in Q4 2012, beating analyst forecasts by 13 cents. Here was IBD’s report. Revenue rose 24% to $1.18 billion, edging forecasts for $1.17 billion. It was the fourth straight quarter of accelerating sales growth. Netflix (NFLX) stock was up 16%, near 387, in early afternoon trading in the stock market today. Earlier in the session, Netflix stock hit an all-time high of 395.54. A few analysts suggest Netflix stock is getting frothy. “We have difficulty justifying this valuation given the risks,” Jefferies analyst Brian Fitzgerald said in a research note Thursday. Netflix was trading at 93 times his forecast for 2014 earnings per… Scalper1 News
Scalper1 News