Buy netflix stock after split
Netflix NFLXTech30 just executed a seven-for-one stock split.
The move is aimed at making the red-hot stock more affordable for mom-and-pop investors. It also means that Netflix shareholders received seven shares for each one they owned.
The split took effect after the stock market closed on Tuesday.
It's important to understand that the split doesn't change that much for current Netflix shareholders. They just own more shares at a cheaper price. The value of their investment -- and Netflix's total market value -- is the same.
Frank Underwood, the Machiavellian main character in Netflix blockbuster House of Cards, would approve of the savvy move by Netflix. Stock splits are a sign that a company's stock price has appreciated enough where it may scare away retail investors. The remaining high-flyers are Priceline PCLNTech30Google GOOGLTech30 and biotech star Regeneron REGN.
After the Netflix Stock Split, Here's How to Play NFLX
Apple AAPLTech30 carried out a seven-for-one split of its own in after its stock skyrocketed. The iSplit successfully fueled enthusiasm among Apple fans to take advantage of the lower price. Twitter shares soar on phony Bloomberg story. Netflix is still pricey: But will it work for Netflix? Clues to that question should emerge after the closing bell on Wednesday.
That's when Netflix hits the earnings stage. Don't expect an easy audience though. That's because despite making its shares cheaper, Netflix still remains extremely expensive based on the metrics that truly matter. Netflix is trading at a ridiculous times its projected earnings. That price-to-earnings ratio is very high. By comparison, Facebook FBTech30 is trading at "only" 34 times its expected earnings.
Do you need to be a 'Daredevil' to buy Buy netflix stock after split stock? Will Netflix 'deliver' an earnings dud? All of this means Netflix management needs to live up to its well-deserved reputation for under-promising and over-delivering on earnings. Netflix reported blockbuster first-quarter results in April. This time around, analysts believe Netflix will post earnings of 4 cents a share can you make money scottrade a big decline from a year ago due to higher earn money by surfing in india. Estimize, which crowd sources estimates among a broader group of observers, is predicting stronger earnings north of 6 cents a share.
Besides the headline numbers, the key will be Netflix revealing new evidence that the streaming service's rapid international expansion is on track. That's buy netflix stock after split important because the larger overseas subscriber base helps offset Netflix's expensive licensing fees. Start your day right with the latest news driving global markets, from major stock movers and key economic headlines to important events on the calendar.
Daily newsletter, Sunday through Friday. Most stock quote data provided by BATS.
Access to this page has been denied.
Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. FactSet Research Systems Inc. Certain market data is the property of Chicago Mercantile Exchange Inc. A Time Warner Company. Terms under which this service is provided to you.
Paul Ryan can't promise Obamacare tax cuts.
Netflix stock just got 'cheaper.' Will you buy? - Jul. 15,
Growing India Europe Going Global Traders Trumponomics Trump Inc. Uber CEO Travis Kalanick resigns. Business Culture Gadgets Future Startups Powering Your World Upstarts Innovative Cities Unhackable 15 Questions. Chevy Bolt EV named Top Safety Pick.
Log In Log Out. CNNMoney New York First published July 15, Social Surge - What's Trending. Looking for a low-interest loan? Check out our review of Prosper. The search is over. We found the best stock brokers for online trading. How much do you need to retire?
Use this calculator to find out Current mortgage rates can't be beat. Get the best rate with our tool. Business Markets Investing Economy Tech.
Personal Finance Small Business Luxury Media Video. Site Map Interactive Portfolio Job Search Real Estate Search. Loan Center Calculators Corrections Market Data Alerts News Alerts.