Down 17%, Is Netflix a Buy After Walking Away From Warner Bros. and Roku?
The stock is being discounted while nothing has changed the company's growth trajectory.
Down 17%, Is Netflix a Buy After Walking Away From Warner Bros. and Roku?
Overview
Netflix (NASDAQ: NFLX) stock is down 17% year to date and slipped again on June 16 after reports linked the company to a failed bid for Roku. It's now official that Fox has reached an agreement to acquire the popular streaming platform in a $22 billion deal, which means if the reports about Roku are accurate, Netflix has now missed on two deals this year. Earlier this year, Netflix walked away from Warner Bros. after Paramount Skydance swooped in with a better offer.
Wall Street believes failure to win these deals indicates a weakening growth story, but is that the right interpretation?
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
