Company Of The Day: Netflix
What?
Netflix (NASDAQ:NFLX) has reduced pricing for its streaming plans in India, with the price of the basic standard definition plan slashed by almost 60% and the price of the 4K offering cut by about 20%.
Why?
- Up 27% Year To Date, Will Q1 Results Drive Netflix Stock Higher?
- Netflix On A Roll As It Benefits From Paid Sharing And Ads. Is The Stock Undervalued At $610?
- Up 50% Over Last Year, Will Q4 Earnings Drive Netflix Stock Higher?
- Will Netflix Stock Rally 40% To Return To Pre-Inflation Shock Highs?
- How Will The Password Sharing Crackdown Help Netflix Q3 Results?
- Will Netflix Stock Return To Pre-Inflation Shock Highs Of Over $650?
Netflix has been increasingly relying on international markets to drive its future growth. This price cut could help given that India is a massive and price-sensitive market.
So What?
Netflix stock was down by about -1% in pre-market trading on Tuesday, in line with the broader markets. However, we think the move could help drive growth, to an extent.
See Our Complete Analysis For Netflix
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