|Bid||428.20 x 800|
|Ask||428.45 x 800|
|Day's range||427.18 - 439.09|
|52-week range||252.28 - 458.97|
|Beta (5Y monthly)||0.97|
|PE ratio (TTM)||86.89|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
You probably didn't get a party invitation, but Netflix (NASDAQ: NFLX) is blowing out 18 candles on its IPO birthday cake on Saturday. Netflix executed a 2-for-1 stock split two years after going public, followed by a 7-for-1 split in 2015. Put another way, investing $1,000 in Netflix when the stock was born would be worth $400,698.67 today as an 18-year-old adult.
Not everyone is a fan of Netflix (NASDAQ: NFLX). Morningstar analyst Neil Macker is particularly bearish on the streaming video leader's prospects. Finance, Macker listed a number of risks he sees for Netflix's investors.
Throughout the current crisis, investors have focused on video streaming giant Netflix (NASDAQ: NFLX). Recently, Netflix followers have been concerned about the stock's pullback during what was otherwise a good week for the market, with Friday's drop marking the fifth day in a row that Netflix shares lost ground. One analyst sees the recent pullback as just the beginning of a huge move downward, but others remain optimistic that Netflix is on the cutting edge of the trend away from traditional home television viewing and toward on-demand streaming.
Facebook takes more steps to support and expand a remote workforce, IBM announces layoffs and TechCrunch's big annual conference is going virtual. Facebook CEO Mark Zuckerberg estimated that over the course of the next decade, half of the company could be working fully remotely. As the next step toward that goal, Facebook will be setting up new company hubs in Denver, Dallas and Atlanta.
Apple (AAPL) looks to build backlog content library in Tv+ streaming services to boost subscriber growth amid intensifying competition.
Netflix said Thursday it will ask customers who have not watched anything on the on-demand video streaming service in a year or more if they wish to maintain their subscription -- and will cancel their membership if it does not hear back. The unusual move illustrates just how much confidence Netflix has on its loyal customer base. Netflix said these inactive accounts -- more popularly known as zombie accounts in the industry -- only represent a few hundred thousand users, or less than half of 1% of its overall member base -- a fact that the company already factors into its financial guidance.
Gavin Newsom prodded his panelists for a positive response to his quick-restart ideas, but the producers, actors, and crew representatives focused on safety.
Apple (NASDAQ: AAPL) and Netflix (NASDAQ: NFLX) impact the daily routine of millions of people worldwide. Apple has more than 1.5 billion active users across its iDevices, while Netflix boasts a fast-growing member base of 182.86 million. Apple has more than $83 billion in net cash.
Many (including us) expected that to benefit streaming and pay TV providers alike. "Over-the-top" services like Netflix are very easy to get set up with: Customers just have to sign up in their browsers or on their favorite devices to start watching. By contrast, many legacy pay-TV services require professional installation.
FAANG stocks, which were once responsible for leading the market rally for months, are once again supporting the market amid the pandemic.
Hulu today will begin rolling out its largest redesign in years. The company is moving toward a more standardized, even Netflix-like user interface, featuring collections laid out vertically within the Home screen, while tiles within the collections are laid out horizontally, in scrollable rows.
Apple (NASDAQ: AAPL) launched Apple TV+ about six months ago with a generous promotion: buy an Apple device and get a free year of the service. Despite the offer -- and selling tens of millions of devices over the last six months -- just 10 million people have signed up for Apple TV+ since its launch, according to a report from Bloomberg. To put that in perspective, Disney (NYSE: DIS) had 10 million sign-ups for Disney+ on launch day (including presales and free trials), and reported 54.5 million subscribers as of the beginning of May.