Netflix shareholders sue over disclosures of subscriber decline

  • Netflix's (NASDAQ:NFLX) unusual first-quarter subscriber loss led to a tanking in the stock; now comes the shareholder lawsuit over the drop and how the company informed investors about its struggles.
  • A Texas-based investment trust has sued in California, accusing Netflix (NFLX) of failing to disclose that growth was slowing and that the company was losing net subscribers - and is seeking damages over the drop in Netflix's (NFLX) share price.
  • Netflix stock (NFLX) is down 67.4 percent; year-to-date. Its shares have plunged by 44 percent; since the company's disappointing April 19 earnings report.
  • The suit names co-CEOs Reed Hastings and Ted Sarandos along with Chief Financial Officer Spencer Neumann, and is seeking damages for investors who traded the stock between Oct. 19, 2021, and April 19, 2022.
  • Despite Netflix's (NFLX) recent subscriber debacle, the company's programming remains popular, with its hit series Bridgerton dominating the latest streaming viewership numbers from Nielsen (NLSN).

    Over the current book year the total revenu from the company based in will be 38.57 billion USD (consensus estimates). The expected revenue would be a record for the company. This is hugely more than 2022's revenue of 33.72 billion USD.

    Historical revenues and results NetFlix plus estimates 2023

    koersdata

    NetFlix Headquarters Silicon Valley ©

    NetFlix
    NetFlix


    The analysts expect for 2023 a net profit of 7.52 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 17.12 USD. Based on this the price/earnings-ratio is 32.39.

    Analysts don't expect the company to pay a dividend. The average dividend yield of the entertainment companies equals an attractive3.17 percent.

    Based on the current number of shares NetFlix 's market capitalization equals 246.95 billion USD.

    On Friday the stock closed at 554.52 USD.

    Historical stock prices NetFlix

    stock graphs netflix

    ValueSpectrum.com News Wire & Equity Research: +31 084-0032-842
    news@valuespectrum.com

    Copyright analist.nl B.V.
    All rights reserved. Any redistribution, duplication or archiving prohibited. analist.nl doesn't warrant the accuracy of any News Content provided and shall not be liable for any errors, inaccuracies or for any actions taken in reliance thereon.

    • Other stock news
    Analysts expect over 2024 rising revenue NetFlix
    Analysts are counting on record year NetFlix
    Analysts expect over 2021 rising revenue NetFlix
    Analysts foresee more revenue NetFlix
    Netflix explores licensing its content in apparent reversal
    Analysts: more sales NetFlix
    Analysts expect over 2020 rising revenue NetFlix
    Sector news
    Analysts expect over 2024 rising revenue NetFlix
    Extremely high dividend stock Netease Inc
    Analysts are counting on record year NetFlix
    Analysts expect record sales Kinepolis Group
    Analysts anticipate a super year for Walt Disney
    Analysts anticipate a super year for Kinepolis Group
    Analysts expect over 2021 rising revenue NetFlix
    National news
    NXP reaps benefits from FRAMOS collaboration
    Tesla net onder de 500.000 cars per year
    Analysts expect over 2024 revenue decrease Caterpillar
    Analysts expect sales decline Biogen
    Analysts anticipate for 2024 on revenue increase Cognizant
    Analysts expect over 2024 growing sales Colgate-Palmolive
    Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend
    Press news
    Test News
    QUANTERIX ALERT: Bragar Eagel & Squire, P.C. is Investigating Quanterix Corporation on Behalf of Quanterix Stockholders and Encourages Investors to Contact the Firm
    FRANKLIN ALERT: Bragar Eagel & Squire, P.C. is Investigating Franklin Resources, Inc. on Behalf of Franklin Stockholders and Encourages Investors to Contact the Firm
    AMMO ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against AMMO, Inc. and Encourages Investors to Contact the Firm
    TERRAN ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Terran Orbital Corporation and Encourages Investors to Contact the Firm
    FLUX POWER ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Flux Power Holdings, Inc. and Encourages Investors to Contact the Firm
    EVOLV ALERT: Bragar Eagel & Squire, P.C. Announces that a Class Action Lawsuit Has Been Filed Against Evolv Technologies Holdings, Inc. and Encourages Investors to Contact the Firm
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo