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Netflix, Inc. under Investor Investigation over stock decline
An investigation on behalf of shareholders in shares of Netflix, Inc. over potential securities laws violations was announced and NASDAQ-NFLX stockholders should contact the Shareholders Foundation at firstname.lastname@example.org
If you purchased shares of Netflix, Inc. (Public, NASDAQ-NFLX)
The investigation by a law firm focuses on possible shareholder claims based on potential violations of the federal securities laws. Specifically the investigation concerns whether Netflix, Inc. or others may have violated securities laws by issuing a series of statements regarding its business, its prospects and its operations that were materially false and misleading at the time they were made.
Netflix’s annual Total Revenue rose from $1.2billion for 2007 to $2.16billion for 2010. Its Net Income rose over the same time frame from $66.61million for 2007 to $160.85million for 2010. Its first quarter Revenue increased from $519.82million one year earlier to $718.55million for the first quarter in 2011 and its first quarter Net Income rose from $43.52million to $60.23million.
Shares of Netflix, Inc. (Public, NASDAQ-NFLX)
However, shares of Netflix, Inc. (Public, NASDAQ-NFLX)
On July 25, 2011, after the market closed, Netflix, Inc. has released its second-quarter 2011 financial results. Netflix’ third-quarter sales and profit forecast missed analysts’ estimates and Netflix Inc. disclosed that a price change would cause a negative impact in new customer signups.
Among other things, Netflix, Inc said the global profit for the third quarter is expected to be $0.72 per share to $1.07 per share. However, analysts’ projected a profit of $1.11 per share.
Those who purchased shares of Netflix, Inc. (Public, NASDAQ-NFLX)
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The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group. We do research related to shareholder issues and inform investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We offer help, support, and assistance for every shareholder. We help investors find answers to their questions and equitable solutions to their problems. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.