Netflix jumps 14% after surge in third quarter subscribers; Earns analyst upgrade
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Netflix stock extends rally as Morgan Stanley, other brokers raise ratings
October 19, 2023 9:16 AM EDTNetflix (NASDAQ: NFLX) stock rose nearly 16% in early Thursday trade after the company reported better-than-expected results for its third quarter.
Better-than-expected subscriber growth has fueled a rally in shares, which was also supported by at least 3 analyst upgrades.
A favorable content slate,... More
Netflix (NFLX) raises buyback plan by $10 billion
October 18, 2023 4:57 PM EDTWith earnings, Netflix (NASDAQ: NFLX) announced it raised its buyback authorization by $10 billion.
From the company: "Consistent with our policy to return excess cash above our minimum cash requirement , we repurchased 7 $2.5B of our stock (or 6M shares) under our original $5B... More
