Netflix Stock's Next Stop Won't Be $45

newsfeedback@fool.com (Rick Munarriz), The Motley Fool
Tue, 07/12/2016 - 5:44pm

Image source: Netflix.Netflix announces fresh financials following next Monday's close. Pachter wants to make sure that his negative opinion of the investment is clear ahead of that second-quarter report. He is reiterating his stance because he feels that Netflix's guidance for the third quarter will be weak. It was weak subscriber guidance for the second quarter issued last time out that weighed on the stock, which dropped 13% the day after the report. Pachter is also concerned about the competitive climate.

Topics: nasdaq amzn prime netflix amazon pachter charges quarter offering weak video report guidance

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Netflix Stock's Next Stop Won't Be $45

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