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Boiler Room: The Official Stock Market Discussion
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88m3
Fast Money & Foreign Objects
Netflix Stock Price Crashes In After-Hours Trading
Posted 20 minutes ago by Matt Burns (@mjburnsy)
Netflix today reported a third-quarter profit of $59 million, up from $32 million a year ago. But the company failed to attract as many new subscribers as it had predicted, calling it “over-forecasted” on membership growth.
In after-hours trading the stock (NASDAQ:NFLX) plunged more than one hundred points (over 23%) to 339 on the news.
“We over-forecasted membership growth,” Netflix said in a letter to its shareholders. The company added just one million new members in the US, with an additional two million coming from international markets. In all, Netflix now has 53.06 million members in both domestic and international markets.
Netflix attributes new prices to the miss and the positive reaction of “Orange is the New Black” wearing off before the third quarter. “As best we can tell, the primary cause is the slightly higher prices we now have compared to a year ago. Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US,” the company said.
Going forward, the company has factored the higher prices into its Q4 member forecast, but that hasn’t stopped Wall Street from selling off the stock in after-hours trading.
http://techcrunch.com/2014/10/15/netflix-stock-price-crashes-in-after-hours-trading/
Posted 20 minutes ago by Matt Burns (@mjburnsy)
Netflix today reported a third-quarter profit of $59 million, up from $32 million a year ago. But the company failed to attract as many new subscribers as it had predicted, calling it “over-forecasted” on membership growth.
In after-hours trading the stock (NASDAQ:NFLX) plunged more than one hundred points (over 23%) to 339 on the news.
“We over-forecasted membership growth,” Netflix said in a letter to its shareholders. The company added just one million new members in the US, with an additional two million coming from international markets. In all, Netflix now has 53.06 million members in both domestic and international markets.
Netflix attributes new prices to the miss and the positive reaction of “Orange is the New Black” wearing off before the third quarter. “As best we can tell, the primary cause is the slightly higher prices we now have compared to a year ago. Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US,” the company said.
Going forward, the company has factored the higher prices into its Q4 member forecast, but that hasn’t stopped Wall Street from selling off the stock in after-hours trading.
http://techcrunch.com/2014/10/15/netflix-stock-price-crashes-in-after-hours-trading/
ill
Superstar
Netflix Stock Price Crashes In After-Hours Trading
Posted 20 minutes ago by Matt Burns (@mjburnsy)
Netflix today reported a third-quarter profit of $59 million, up from $32 million a year ago. But the company failed to attract as many new subscribers as it had predicted, calling it “over-forecasted” on membership growth.
In after-hours trading the stock (NASDAQ:NFLX) plunged more than one hundred points (over 23%) to 339 on the news.
“We over-forecasted membership growth,” Netflix said in a letter to its shareholders. The company added just one million new members in the US, with an additional two million coming from international markets. In all, Netflix now has 53.06 million members in both domestic and international markets.
Netflix attributes new prices to the miss and the positive reaction of “Orange is the New Black” wearing off before the third quarter. “As best we can tell, the primary cause is the slightly higher prices we now have compared to a year ago. Slightly higher prices result in slightly less growth, other things being equal, and this is manifested more clearly in higher adoption markets such as the US,” the company said.
Going forward, the company has factored the higher prices into its Q4 member forecast, but that hasn’t stopped Wall Street from selling off the stock in after-hours trading.
http://techcrunch.com/2014/10/15/netflix-stock-price-crashes-in-after-hours-trading/
Down 26% holy shyt!
ill
Superstar
I saw one guy on StockTwits post up his trading account. He bought $7k in options on NFLX. Was down 4K yesterday. He's up 150K today.
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ill
Superstar
Once I get some cash flow coming back in from my project Ill get back into trading. I fooled around with options before I cashed out my brokerage and while highly risky, those returns are
Once I get some cash flow coming back in from my project Ill get back into trading. I fooled around with options before I cashed out my brokerage and while highly risky, those returns are
I usually just trade volatile stocks and buy both calls & puts with more weight towards whichever way I think it's going. Even though it's more expensive, I like to buy long-term contracts too, so at least you have good time value.
ill
Superstar
I'd say I'm only 20% fluent in options. I've got a long way to go but seeing you post up your trades makes me want to jump right in. I was piggybacking off this stock twits guy "Wall St Jesus" and he would post options trades that were irregular (going against momo, volume 10x normal, etc) and I did fairly well. Ive never had someone to bounce ideas and questions off tho so when I get back into the markets we should talk. Very interested in learning more.
rastafarwrite81
Reppin fine wine and cigars!
weak economic data coupled with decreases in demand for oil, china's transition to a consumer based economy, germany's revision of growth forecasts for this year and 2015, ebola, the fed tapering of the markets stimulus, companies not reinvesting in labor and infrastructure.......honestly i can keep on going but this aint anything new
