The unofficial start of the first-quarter reporting season for technology giants begins with Netflix after the bell Thursday. The pressure is on for Netflix following two back-to-back quarterly reports that boosted shares double-digits in the ensuing trading sessions.
Wall Street anticipates a largely rosy update for the stock, with many forecasting that the company beats, or reports in line with expectations. However, despite Netflix’s strong run this year and the benefits reaped through paid sharing, some Wall Street analysts see reasons for caution. |
