nearly three years’ worth of financial results, broken out by four global regions: the U.S. and Canada; Europe, the Middle East and Africa; Latin America and Asia-Pacific. The takeaway, as several Wall Street analysts noted Tuesday, was a strong sense of theU.S. subscriber levels have flattened of late, prompting a few Wall Street media and tech watchers to wave a caution flag, especially with Disney, Apple, WarnerMedia and NBCUniversal now entering the streaming arena with major new offerings.
Michael Morris, an analyst with Guggenheim, also has a “buy” on Netflix shares. In a note to clients on Tuesday, he indicated several reasons for “value creation optimism,” among them rising broadband penetration rates in some developing parts of the world.
Pretty much anything emboldens Bulls where Netflix is concerned
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