Mark Cuban says he is nonetheless ‘very bullish’ on Netflix
“Shark Tank” investor and Dallas Mavericks proprietor Mark Cuban remains to be an enormous Netflix bull after its weak steering and subscriber miss.
“I have never bought any shares and I am nonetheless very bullish on it,” Cuban mentioned on CNBC’s “Halftime Report” Wednesday. “They all the time supply weak steering and it is all the time been the dialogue the day after earnings … All of the tendencies are going of their favor, extra so than their rivals.”
Netflix reported fourth-quarter outcomes on Tuesday after the bell. The corporate beat on the highest and backside line, however gave disappointing steering and posted a miss on home subscriber development. Shares of Netflix had been down 2% Wednesday.
Cuban stays optimistic that Netflix will speed up its development globally because it continues to penetrate the markets abroad.
“Each single new good TV that has come out has Netflix as an choice. While you go to the fitness center, each good exercise machine has Netflix as an choice,” Cuban mentioned. “It is ubiquitous not simply right here, nevertheless it’s changing into extra ubiquitous…