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NetFlix Drops In Spite of Beating Estimated Revenue

Investoreight

NetFlix. Inc. missed the estimated EPS of $3.16, 19 cents bottom estimates. But the company's revenue beat forecasts, $7.34 B. NetFlix's stock performance is highly dependent on its subscribers. The company has been investing in local-language content production all around the world. 

NetFlix Inc (NFLX) shares are down -3.70% as of Jul 21, 2021 12:10 PM ET, while S&P is up 0.67%. NFLX shares have raised in 2021 by nearly 1.57% while S&P 500 has raised by nearly 16.82%. NFLX revealed a yearly performance of 5.7% and moved 6.05%, and -1.78% since last month and last week, respectively.

The stock is 0.21% above its 52 days Simple Moving Average (SMA52). The shorter-term 26 days SMA (SMA26) is 2.87% above the 52 days SMA, signaling an upward trend in the stock price. The current Relative Strength Index (RSI) of the stock, is 54.84, indicating a normal condition on the momentum of the stock price. RSI is a common technical metric to measure the momentum of the stock price and ranges between 0 and 100. Typically, an RSI of 70 or above indicates an overbought condition whereas an RSI of 30 or below signals an oversold condition.

The total revenue of the company in the last quarter, FY2021Q2, was $7.34 B, which experienced 2.49% of quarterly growth. It also experienced 19.41% growth compared with the same period last year. The total revenue of the company was $FY2021Q1 and $6.15 B in 7.16 B and FY2020Q2 respectively. NetFlix Inc's TTM total revenue was $27.59 B in FY2021Q2.

As of today, Jul 21, 2021, 12 PM, NetFlix Inc has passed 3 months of 2021 with positive price return and 4 months with negative price return. In terms of price return, Mar has been the worst month for NetFlix Inc as it was -4.49%. Also, Jun has been the best month for NetFlix Inc so far as its price return in the 7 months of the year has been 6.15%.

About NetFlix Inc

Netflix, Inc. operates as an Internet subscription service company, which provides subscription service streaming movies and TV episodes over the Internet and sending DVDs by mail. The company operates its business through the following segments: Domestic Streaming, International Streaming, and Domestic DVD. Netflix obtains content from various studios and other content providers through fixed-fee licenses, revenue-sharing agreements, and direct purchases. It markets its service through various channels, including online advertising, broad-based media, such as television and radio, as well as various partnerships. Marc Randolph and Wilmot Reed Hastings Jr. founded Netflix founded on August 29, 1997, and is headquartered in Los Gatos, CA.