Netflix stock surged higher late Tuesday after the Internet TV service reported stronger-than-expected international subscriber growth and better profitability than forecast for the fourth quarter. But while Netflix (NFLX) is growing its subscriber base like gangbusters in international markets, its growth in the U.S. has slowed. Netflix added 5.59 million total new streaming subscribers in Q4, which topped its guidance for 5.15
If you want to raise suspicion, try announcing that you need to raise $100 million after the worst first two weeks of a new year in stock market history. Shares of Hortonworks (HDP), the upstart open-source software developer, plummeted 37% Tuesday to an all-time low, closing at 10.44. Tht’s well below its December 2014 IPO price of 16 and 64% off its 52-week high, set Aug. 6 at 28.91. Hortonworks stock hit its all-time high of 29.83 on Jan. 12,
Two cellphone tower stocks on Tuesday bounced back after a sell-off on Friday amid a report that Sprint (S) plans to cut its network costs by relocating radio equipment to government-owned properties. Sprint stock plummeted. The carrier plans to save $1 billion annually by relocating equipment to government-owned properties and rights-of-way, which would have lower rents, Re/code reported on Friday. Shares of Crown Castle (CCI) and American Tower