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Netflix slips as Deutsche Bank sounds subscriber caution

Published 07/13/2018, 05:36 PM
© Reuters.  Netflix slips as Deutsche Bank sounds subscriber caution
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  • Netflix (NFLX -4.3%) ended up with its worst day in weeks after Deutsche Bank (DE:DBKGn) sounded some cautions ahead of Monday's afternoon earnings release.
  • There's near-term downside risk in the current subscriber numbers, says analyst Bryan Kraft, who's expecting a meet at best or a miss on global net adds. The stock's also doubled in 2018, which means it will take a meaningful boost to forecasts to spur a move up in coming days. (h/t Bloomberg)
  • Kraft still rates the stock a Buy.
  • Analyst consensus is for the company to post EPS of $0.79 (net income of $357.2M) on revenues of $3.94B.
  • Now read: Netflix's Silly Price


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