Netflix will report earnings on July 17, and ahead of the occasion, InvestingCube’s Nikolas Papas has prepared an overview of the streaming giant.
Netflix has been expanding internationally as it struggles to increase market share in the US. The international arm of the firm has proven to be easier to expand, and Netflix is recording many projects in places such as Italy, Spain, Brazil, Germany, Mexico, Turkey, and France. From Q1 2018 to Q1 2019 the firm added a staggering 24.81 million new users.
Versus the S&P 500, Netflix’s share price has risen faster in the last few years, and technical analysis suggests that we might see further gains in the months ahead.
Read our outlook for one of the most exciting firms around, and find out what technical levels we are watching.
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