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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 -2.82% 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 -0.68% , AT&T Inc. /zigman2/quotes/203165245/composite T +0.60% , and Comcast Corp. /zigman2/quotes/209472081/composite CMCSA -0.14% . 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 +0.06% is down 1.4%.

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 494.73
-14.35 -2.82%
Volume: 5.91M
Aug. 7, 2020 4:00p
P/E Ratio
83.47
Dividend Yield
N/A
Market Cap
$218.18 billion
Rev. per Employee
$2.22M
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/zigman2/quotes/203410047/composite
US : U.S.: NYSE
$ 129.93
-0.89 -0.68%
Volume: 16.09M
Aug. 7, 2020 4:02p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$234.79 billion
Rev. per Employee
$295,532
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/zigman2/quotes/203165245/composite
US : U.S.: NYSE
$ 30.02
+0.18 +0.60%
Volume: 30.42M
Aug. 7, 2020 4:02p
P/E Ratio
18.34
Dividend Yield
6.93%
Market Cap
$213.89 billion
Rev. per Employee
$637,332
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/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 42.81
-0.06 -0.14%
Volume: 10.35M
Aug. 7, 2020 4:00p
P/E Ratio
17.17
Dividend Yield
2.15%
Market Cap
$195.56 billion
Rev. per Employee
$513,625
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/zigman2/quotes/210599714/realtime
US : S&P US
3,351.28
+2.12 +0.06%
Volume: 2.28B
Aug. 7, 2020 5:10p
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