Netflix Stock Has a Lot to Prove This Week
If Netflix (NASDAQ: NFLX) has a "Tudum" moment in the works, this would be a great week to pull it off. The world's leading premium video streaming service announces fresh financials after Tuesday's market close. A lot is riding on the third-quarter performance, and the only near-certainty here is that the stock will be on the move one way or another this week.
Netflix was forecasting a return to sequential subscriber growth for the quarter back in July. There's also growing buzz within the analyst community about the new ad-supported tier that it will roll out in two weeks. Wall Street's warming up to Netflix again. The stock is up more than 40% since its springtime low, but it's naturally well below the all-time highs it hit late last year.
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Source Fool.com
