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00:02Netflix shares rose nearly 2% Monday as investors bought the stock near recent lows ahead of its
00:08July 16, second quarter earnings report. The stock outperformed a declining broader market
00:13as the communication services sector moved higher. Netflix remains below its 20-day,
00:1850-day, and 200-day moving averages, while a death cross formed in December 2025.
00:25Analysts expect earnings of $0.79 per share, up from $0.72 a year earlier, on revenue of $12.58
00:32billion, compared with $11.08 billion. Netflix carries a buy rating with an average price target
00:39of $110.76, although Oppenheimer, KeyBank, and Citigroup recently lowered their forecasts.
00:46The stock trades at a price-to-earnings ratio of 23.7. Shares were down by 0.81%,
00:52at $73.23 in Tuesday's pre-market trading, according to Benzinga ProData.
00:58For all things money, visit Benzinga.com.
