Netflix, Inc. (NASDAQ: NFLX)
Netflix is having an incredible day in the market today after announcing positive news. The company has launched in several countries and continues to explore a key market. Today, we’ll talk about the launch and exploration, what we’re seeing in the market today as a result, and what we can expect to see from NFLX moving forward.
Netflix Is Launching Services Globally!
Netflix announced a very big move today. Today, the company is bringing its internet television services to more than 130 countries around the world… simultaneously. As soon as the announcement was made, the services went live! In a statement, CEO Reed Hastings had the following to say…
“Today you are witnessing the birth of a new global Internet TV network… With this launch, consumers around the world – from Singapore to St. Petersburg, from San Francisco to Sao Paulo – will be able to enjoy TV shows and movies simultaneously – no more waiting. With the help of the internet, we are putting power in consumers’ hands to watch whenever, wherever and on whatever device.”
To ensure that everyone in these countries will be able to enjoy the service, Netflix has also added a large number of languages. Today, Arabic, Korean and Chinese were added to the 17 languages already supported by the service. Although Netflix is still not available in China, this may not be the case forever. In fact, NFLX announced that it is in the process of exploring options for providing services in the country. There are also three other countries that it is not able to provide services in due to U.S. government restrictions on American companies. Those countries include Syria, Crimea, and North Korea.
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What The News Means For NFLX Moving Forward
This news is absolutely huge for NFLX. Think about it. In the past, Netflix was only available in a very limited area. While their target market was rather large, it was nothing compared to having a global market. As a result of the news today, billions of consumers now have the ability to sign up for Netflix, and if it climbs anywhere near as fast elsewhere as it has in the United States, this is going to be huge for investors!
How The Market Reacted To The News
As investors, we have learned that when positive news comes out with regard to a publicly traded company, we can expect to see gains in the value of the stock. That’s exactly what we’re seeing as a result of the announcement that NFLX has gone worldwide. Currently (2:15), NFLX is trading at $114.89 after a gain of 6.72%, and the stock seems to be continuing upward.
What We Can Expect To See From NFLX Moving Forward
Moving forward, I have an overwhelmingly bullish opinion with regard to what we can expect to see from Netflix. Ultimately, the company has proven over time that it has the ability to take control over a market and sell its services. Now, the service is not only available in such a limited market. Instead, it is available worldwide. This will generate massive amounts of sales, leading to solid earnings reports and gains for the stock moving forward.
What Do You Think?
Where do you think NFLX is headed moving forward? Let us know your opinion in the comments below!