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July 10, 2020, 4:02 p.m. EDT

Netflix shares close up 8% for yet another record high

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By Jon Swartz

Shares of Netflix Inc. /zigman2/quotes/202353025/composite NFLX +1.83% continued their torrid record pace Friday, closing up 8% to $548.73. The streaming service, expected to announce yet another strong quarter on July 16, has been one of the top-producing tech stocks since the COVID-19 outbreak in March. Netflix's closing price gave it a valuation above those of rivals Walt Disney Co. /zigman2/quotes/203410047/composite DIS +1.00% , AT&T Inc. /zigman2/quotes/203165245/composite T -0.07% , and Comcast Corp. /zigman2/quotes/209472081/composite CMCSA +0.81% . Netflix shares have also benefited from glowing market research notes in recent days, topped by Goldman Sachs' prediction of its price reaching $670 per share. Netflix shares are up 70% in 2020, while the broader S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.40% is down 1.4%.

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 475.47
+8.54 +1.83%
Volume: 5.44M
Aug. 12, 2020 4:00p
P/E Ratio
80.22
Dividend Yield
N/A
Market Cap
$205.92 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 131.79
+1.30 +1.00%
Volume: 12.20M
Aug. 12, 2020 4:05p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$235.80 billion
Rev. per Employee
$295,532
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 30.18
-0.02 -0.07%
Volume: 21.18M
Aug. 12, 2020 4:02p
P/E Ratio
18.44
Dividend Yield
6.89%
Market Cap
$215.18 billion
Rev. per Employee
$637,332
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/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 43.34
+0.35 +0.81%
Volume: 10.41M
Aug. 12, 2020 4:00p
P/E Ratio
17.38
Dividend Yield
2.12%
Market Cap
$196.38 billion
Rev. per Employee
$513,625
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/zigman2/quotes/210599714/realtime
US : S&P US
3,380.35
+46.66 +1.40%
Volume: 2.25B
Aug. 12, 2020 5:10p
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