$NFLX Netflix 🧐 Industry Leader, Shareholders' Test
Netflix (NFLX) is putting its investors through a tough test, having lost approximately 40% of its value in the past year. While second-quarter revenue met expectations (a 13% year-over-year increase to $12.6 billion), third-quarter revenue expectations fell short of market forecasts, and despite share buybacks, pressure on the share price continues.
The company has narrowed its annual revenue target to $51-51.4 billion, representing 13-14% growth. More importantly, management is maintaining its 31.5% operating profit margin target, indicat