Bulletin
Investor Alert

Market Pulse Archives

Jan. 23, 2020, 1:07 p.m. EST

Netflix stock surges 5% after Comcast posts big video-subscriber losses

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Netflix Inc. (NFLX)
  • X
    Comcast Corp. Cl A (CMCSA)
  • X
    S&P 500 Index (SPX)

or Cancel Already have a watchlist? Log In

By Emily Bary

Shares of Netflix Inc. /zigman2/quotes/202353025/composite NFLX -1.54% are up more than 5% in midday trading Thursday, and Stifel analyst Scott Devitt said the latest results from Comcast Corp. /zigman2/quotes/209472081/composite CMCSA -0.43% should be a hopeful signal for the streaming giant. "Comparing Netflix to introductory pricing and/or inferior over-the-top products as a justification for worrying about the competitive climate is missing the fact that the cable, telecom, and satellite video industry (where all the money is) is shrinking with no end in sight," wrote Devitt, who rates Netflix a buy with a $390 target price. Comcast on Thursday reported a net loss of 133,000 residential video subscribers, whereas it had only lost 19,000 in the year-earlier quarter. Comcast's stock is down 3.6% in Thursday trading, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -1.05% is off 0.3%.

/zigman2/quotes/202353025/composite
US : U.S.: Nasdaq
$ 380.07
-5.93 -1.54%
Volume: 3.94M
Feb. 21, 2020 4:00p
P/E Ratio
91.94
Dividend Yield
N/A
Market Cap
$169.38 billion
Rev. per Employee
$2.22M
loading...
/zigman2/quotes/209472081/composite
US : U.S.: Nasdaq
$ 45.82
-0.20 -0.43%
Volume: 21.24M
Feb. 21, 2020 4:00p
P/E Ratio
16.18
Dividend Yield
2.01%
Market Cap
$209.53 billion
Rev. per Employee
$513,625
loading...
/zigman2/quotes/210599714/realtime
US : S&P US
3,337.75
-35.48 -1.05%
Volume: 2.12B
Feb. 21, 2020 5:16p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.