7 for 1 stock split in Netflix

Netflix shares are up 3,24% AHT right now. The company announced earlier today the plan designed to make Netflix shares more affordable to average investors. If everything goes like planned and the share prices holds on Wednesday, the shares of Netflix will hit a new all-time high.

Netflix said earlier this year (april) that it had plans to split the stock and that is what will happen on Wednesday. The stock can go up to $700, but the split will of course change the price but not the valuation of the company.

The valuation is $41 billion and that is making it the best performer in the Nasdaq 100 so far in 2015. Wow! That is pretty impressive. The stock is up 100% since January 2015! All time high for Netflix is $692,79 on June 10.

 

 

netflix-logo

 

A year ago, Netflix had about 48 million subscribers, but new shows like «House of cards» gave the company more subscribers, and now they account for about 62 million subscribers world-wide. The U.S growth is strongly helped by new shows like «Bloodline» and «Unbreakable Kimmy Schmidt».

The company`s share price has a history of many roller coaster rides. In the last 52 weeks range, the stock has gone from $315,54 to $692,79. Revenue in Q1 came in at $1,57 billion with a growth rate of 24%.

Share price on thursday is $681,19. EPS: 3,84, while Price earnings is 177,25.

CEO Reed Hastings is doing a good job.

 


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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication. UA-63539824-1.

 

 

 

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