Netflix will report its second-quarter results Wednesday during a period of dramatic change in the streaming sector, as bulls and bears marshal evidence for their contrasting views of the company&#…
also set viewership records this month, according to Netflix, which will boost third-quarter results.Skeptics point to its negative free cash flow as well as net debt of $10.3 billion, plus content spending that has hit $15 billion a year. Bears also note that
Still, overall Netflix sentiment on Wall Street remains largely upbeat as it approaches the 10th anniversary of its first stream. Look no further than the company’s share price, which was at $366.55 a share in Tuesday afternoon trading. It has held steady in recent months despite a drumbeat of news about Disney+ undercutting it on price,“The stock has been trading sideways the past four months , likely on anticipation of upcoming competitive services from Disney, Apple, etc.
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