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Netflix (NFLX) Soars: Stock Adds 9.2% in Session
Netflix, Inc. (NFLX - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session.This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $280.29 to $320.35 in the past one-month time frame.
The move came after the company reported better-than-expected first-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision of one increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter hasn’t been in a trend either. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Netflix currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Netflix, Inc. Price
Netflix, Inc. Price | Netflix, Inc. Quote
Investors interested in the Broadcast Radio and Television industry may consider AMC Networks Inc. (AMCX - Free Report) , which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is NFLX going up? Or down? Predict to see what others think:Up or Down
Can Hackers Put Money INTO Your Portfolio?
Earlier this year, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>