NEW YORK (
(NFLX - Get Report)
has always been a volatile name, with large moves following earnings.
Netflix is set to report
after market close, and investors will be focusing on the company's subscriber additions for the quarter.
The company's shares have been extremely volatile over the past twelve months. In July, shares traded over $300 per share, only to have a series of missteps and blunders cause them to lose two-thirds of their value. Shares fell more than 60% in 2011, as Netflix faced a backlash over price hikes, business separation plans and content deals.
These missteps caused
readers to name Netflix CEO Reed Hastings as the
worst tech CEO of 2011
Netflix's stock, however, has started to recapture some of its luster. The company's shares have gained 47.6% year-to-date, as investors saw positives from
as a sign that the company might be turning itself around.
wants to know where you think Netflix's stock will be trading twenty-four hours after earnings. Vote in the poll and results will be up later in the week.
Shares of Netflix are lower on the day, off 3.03% to $102.90.
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Written by Chris Ciaccia in New York
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