Weakness Seen in Netflix (NFLX): Stock Tanks 19.4% – Tale of the Tape

This slump shouldn’t be too much of a surprise to investors, as the Internet television network company has seen 6 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

NFLX currently has a Zacks Rank #3 (Hold).

Some better-ranked stocks in the same sector include Autobytel Inc. (ABTL), Mercadolibre, Inc. (MELI) and Stamps.com Inc. (STMP). All these stocks hold a Zacks Rank #1 (Strong Buy).

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