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Netflix is set to report its earnings on July 17, and Nikolas Papas from InvestingCube has put together a preview of what to expect from the streaming giant.
As Netflix works to boost its market share in the US, it has been focusing heavily on international expansion. This strategy has been successful, with the company expanding into countries like Italy, Spain, Brazil, Germany, Mexico, Turkey, and France. Between Q1 2018 and Q1 2019, Netflix added an impressive 24.81 million new users.
Compared to the S&P 500, Netflix’s stock has seen faster growth in recent years. Technical analysis indicates that the company could continue to experience gains in the coming months.
Check out our detailed outlook on Netflix and discover the key technical levels we’re keeping an eye on.