Netflix (NASDAQ:NFLX) Stock Tumbles to Monthly Low after Redbox Instant Service Report – NFLX, CSTR, DISH, TWX

Shares of Netflix, Inc (NASDAQ:NFLX), based in Los Gatos, California, moved down to the record low in over a month after a news that Verizon Communications Inc’s (NYSE:VZ) joint-streaming venture with Coinstar, Inc (NASDAQ:CSTR) will undercut the world’s biggest subscription service.

Netflix Inc’s stock plunged 7% to settle in New York at $76 and marked the major drop since Oct 24. Shares of the company had surged 18% current year before Monday.

GigaOM, a technology Website, reported in a Nov 29 report that Verizon’s and Coinstar’s Redbox Instant service could charge subscribers $6 per month for a basic streaming plan. That evaluated against a $7.99 month subscription charged by Netflix.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Coinstar, Inc. (NASDAQ:CSTR) fell -0.13% to settle at $46.98, DISH Network Corp. (NASDAQ:DISH) moved down -1.24% to end at $36.58 while Time Warner Inc. (NYSE:TWX) dropped -1.06% to finish at $46.80 on Monday.

Netflix, Inc. (NASDAQ:NFLX) last session’s volume of 4.18 million shares was lower than its average volume of 4.89 million shares. The stock after opening at $81.85 hit high price of $81.97 and then closed at $76.00 by scoring -6.99%.

NFLX generated revenue of $3.54 billion in the previous twelve months and earned $44.47 million. The Company showed a positive 1.26% in the net profit margin as well as in its operating margin which remained at 2.61%. Company’s annual sales growth for the past five years was 26.31%.

The NFLX’s past twelve months’ price to sales ratio was 1.19 and price to cash ratio remained 5.29. As far as the returns are concerned, NFLX’s return on equity was recorded as 8.05% and return on investment increased 2.78% while its return on asset stayed at 1.54%.

The stock showed weekly downbeat performance of -7.38% which was maintained for the month at -2.18%. Likewise the positive performance for the quarter was recorded as 25.66% and for the year was 17.77% while the YTD performance remained at 9.68%.

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