Netflix (NFLX) shares got a boost after the Internet TV service announced Jan. 6 that it had nearly completed its worldwide rollout. But attention now has shifted to the company’s fourth-quarter earnings report and first-quarter guidance, due after the market close Tuesday. Wall Street will be watching to see if the company can meet its Q4 subscriber goals, especially in the U.S., and what its Q1 subscriber goals are following its accelerated
While Netflix (NFLX) has green-field opportunities overseas, its domestic growth prospects might be hitting a wall. ITG Investment Research analyst Steve Weinstein on Thursday lowered his estimates for Netflix’s Q4 domestic streaming subscribers and revenue. He believes Netflix will add 1.13 million net domestic paid streaming subscribers in the fourth quarter, down from his previous estimate of 1.15 million new subscribers. His estimate is below
As the market stages a rebound today, Facebook (FB) and Netflix (NFLX) have been able to find support at a key level, the 200-day line. Last week at CES, Netflix announced the completion of the streaming platform’s global rollout, except for China. Also at CES, Facebook-owned Oculus launched pre-orders of its much-awaited Rift virtual reality goggles. Facebook hit a three-month low Thursday but shook off early weakness. The stock climbed to