Netflix stock hit an all-time high, making it worth more than Disney
Netflix’s stock, extending its three-day rally, closed up 3.2%, to $426.75 per share. That gives Netflix a current market capitalization of $187.3 billion, putting it just over Disney’s $186.6 billion, after the media conglomerate’s stock finished down 2.5% amid a broader market decline Wednesday. Previously, Netflix’s all-time high closing stock price was $418.97 on July 9, 2018.
Netflix is scheduled to report first quarter 2020 earnings next Tuesday, April 21, after market close. It previously forecast total paid net adds of 7.0 million worldwide. Many analysts expect Netflix to gain more than that. Cowen & Co. more conservatively estimates overall 7.1 million net new Netflix paid subscribers for the first three months of 2020.
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