Actionable news
0
All posts from Actionable news
Actionable news in NFLX: Netflix, Inc.,

Global scale, originals will boost Netflix: Analyst

Investors got hung up on disappointing U.S. subscriber growth from Netflix after the company reported earnings, but the big driver for the stock is the company's prospects overseas and the draw of its original content, Nomura senior analyst Anthony DiClemente said Thursday.

Netflix said Wednesday it added a net 2.74 million new international subscribers in the third quarter, compared with internal estimates for 2.4 million and 2.04 million a year earlier.

"Really, that's the story of the stock. It's the international expansion, the global scale," DiClemente told CNBC's "Squawk Box."

Netflix will expand into Spain, Italy and Portugal in the second quarter and enter South Korea, Hong Kong...


More