Wells Fargo lowered its rating on Netflix to underperform from market perform and said the company will need to spend more.
Netflix CEO Reed Hastings split the company in two in 2011, thinking that the growing ubiquity of high-speed Internet access would soon mean the end of their disruptive DVD mailing business. But neglecting the DVD business proved to be a mistake, and Netflix reversed course.on Monday and said the cost for the streaming service to acquire new subscribers will be "more expensive than investors realize.
The firm lowered its rating on the stock to underperform from market perform and moved its price target down to $265 from $308. Wells Fargo said it also expects spending levels to remain elevated due to increased streaming competition from other services such as
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Wells Adams Shares Sweet Birthday Post for 'Bride to Be' Sarah HylandAlso, check out Hyland's own post marking the big day.
Baca lebih lajut »
Sarah Hyland Gets the Sweetest Birthday Tribute From Wells AdamsSee how Sarah Hyland's fiancé, Bachelor Nation star Wells Adams, paid tribute to his love on her 29th birthday.
Baca lebih lajut »
Look Back at Sarah Hyland & Wells Adams' Cutest Pics on Her B-DayCelebrate Sarah Hyland's Birthday By Looking Back at Her & Wells Adams' Cutest Pics!
Baca lebih lajut »
Netflix Strikes Content Pact With Korea’s JTBCIn the second such pact announced within a week, global streaming giant, Netflix has unveiled a multi-year program supply deal with Korean producer JTBC Content Hub. JTBC and Netflix will co-develo…
Baca lebih lajut »
Scooter Braun Publicly Responds to Taylor Swift With Letter After His Children Received Death ThreatsScooter Braun Responds to Taylor Swift With Open Letter After His Family Was Threatened
Baca lebih lajut »
Scooter Braun Publicly Responds to Taylor Swift With Letter After His Children Received Death ThreatsScooter Braun Responds to Taylor Swift With Open Letter After His Family Was Threatened
Baca lebih lajut »