Netflix (NFLX) Still Loved By Street Analysts Despite Earnings Fall

Netflix (NFLX) could be showing signs of maturation so big earnings beats may be infrequent. NFLX's adjusted EPS came in at $3.29 versus an estimated $2.83 and revenue came in at $8.19B versus an estimated $8.26B. Alex Coffey and Jenny Horne discuss NFLX as the company is in a transitory phase. They talk about how the stock is falling after its earnings. They go over how NFLX is still fairly loved by the Street analysts that cover it. NFLX's 2Q operating margin is 22.3% and is up 104% from its lows. Alex then demonstrates an example trade using NFLX. The trade type is a skewed put butterfly and the direction is neutral to bullish. Tune in to find out more about the stock market today.