Netflix Stock Is Down 42% From Its High With Earnings Due July 16. Is It a Buy Before the Report?
The streaming leader keeps growing, yet the stock keeps sliding. Its next report could break the standoff.
Overview
Netflix (NASDAQ: NFLX) reports second-quarter results on July 16, and it does so from an unusual spot: the business keeps growing, yet the stock has been sliding for a year. Shares trade around $76 as of this writing, down about 42% from the high of $130.23 they set last summer -- even as revenue, profits, and the company's nascent advertising arm all keep climbing. With the report just over a week away, is this a good time to buy the stock?
Let me walk through what the quarter needs to show, and whether the discounted price is worth the risk of another slide.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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