Netflix stock climbs to all-time high Orcs and fairies helped push Netflix investor enthusiasm to a new high-water mark. Shares of Netflix closed at $205.05 per share, up 2 percent,on Wednesday- marking a new all-time high for the streaming-video player. The stock had hit an intraday high of $206.21 per share. The stock rally came after Netflix announced earlier in the day that it has officially greenlit a sequel to “Bright,” the cop/fantasy movie with a reported $90 million production budget.(Variety)
Netflix blasts past Q4 subscriber-growth expectations Netflix reeled in 8.3 million new streaming subscribers – including almost 2 million in the U.S. – handily beating Wall Street estimates for the fourth quarter of 2017. The record subscriber results pushed shares of the company up more than 9 percent in after-hours trading. That came after Netflix shares closed up 3.2 percentMondayat $227.58 per share – an all-time high closing price for the stock – prior to the release of the fourth-quarter results.(Variety)
Netflix nears a $150B cap, subscribers continue to balloon Just last quarter Netflix passed a $100 billion market cap – and we might already be talking about it as a $150 billion company before too long with yet another big financial quarter that sent its stock soaring. Netflix, again, beat out some expectations Wall Street held for the first quarter and provided a pretty good outlook for the next quarter as well, where it said it expected to add around 6.2 million new subscribers.(TechCrunch)