The giant achieved 1,398 million dollars in net profits in this period and has managed to reverse the trend that it had been dragging in recent months, with a constant loss of clients that led to its stock price suffering the greatest collapse in its history.
Already yesterday, the price of Netflix, which announced its results after the close of trading, rose 10% in operations after the Wall Street bell tolled.
The company’s jump contrasts with the main indices of the New York Stock Exchange, which minutes before the opening were in the red.
The worst is over?
According to a recent report by Damián Vlassich, Equity Analyst at IOL Investonline, Netflix’s price remained between US$217 and US$245, forming a certain area of consolidation and suggesting that analysts were expectant for positive news. that can justify a new upward movement. Precisely, after the auspicious results announced, the action of this company can be triggered more.
“Of course it represents an attractive long-term investment alternative, especially at current prices. However, We cannot fail to emphasize that the company is undergoing a restructuring process and that, beyond the positive data reported, it must continue to avoid specific business challenges. Among the issues to continue monitoring are those related to subscription plans and, from a more general point of view, the more than competitive streaming platform market, which has big players involved such as Disney, Amazon and even Apple,” he said. Vlassitch.
Source: Ambito
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