Shares of video-steaming corporation Netflix, Inc (NASDAQ:NFLX) hiked 73% during the 3 days to finish out the week at $169.56 after the Los Gatos, California based company booked better-than-projected earnings.
Netflix Inc, the world’s biggest online-video service, moved up after surpassing its estimate for fiscal Q4 subscriber expansion and reporting an unexpected profit.
Netflix earlier announced that it signed 2.05 million new United States Internet subscribers in the quarter, offering total domestic online customers to 27.2 million. The gain directed to a net income of 13 cents per share, while analysts forecasted a loss.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Coinstar, Inc. (NASDAQ:CSTR) rose +6.88% to settle at $52.06, Time Warner Inc. (NYSE:TWX) moved down -0.79% to end at $50.40 while Comcast Corporation (NASDAQ:CMCSA) jumped +0.45% to finish at $39.76 on Friday.
Netflix, Inc. (NASDAQ:NFLX) last session’s volume of 27.35 million shares was higher than its average volume of 4.97 million shares. The stock after opening at $145.67 hit high price of $172.68 and then closed at $169.56 by scoring +15.46%.
NFLX generated revenue of $3.61 million in the previous twelve months and earned $17.15 million. The Company showed a positive 0.48% in the net profit margin as well as in its operating margin which remained at 1.39%. Company’s annual sales growth for the past five years was 24.53%.
The NFLX’s past twelve months’ price to sales ratio was 2.61 and price to cash ratio remained 12.60. As far as the returns are concerned, NFLX’s return on equity was recorded as 2.47% and return on investment increased 0.83% while its return on asset stayed at 0.49%.
The stock showed weekly upbeat performance of 73.55% which was maintained for the month at 87.92%. Likewise the positive performance for the quarter was recorded as 149.79% and for the year was 82.97% while the YTD performance remained at 83.13%.
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