Netflix shares have dropped 6% since its July 16 earnings report, defying one shareholder's prediction of a post-earnings rally. The stock is down more than 40% over the past year, and second-quarter revenue came in below the company's own guidance, with forward guidance pointing to the weakest revenue growth in three years at 11.7%. Despite the disappointing results, the shareholder remains bullish, citing Netflix's profitability, growth, and a forward price-to-earnings ratio of 18, along with its unmatched base of over 300 million paying accounts.
Netflix IncNetflix reported Q2 revenue below guidance and forward guidance for weakest revenue growth in three years, causing a 6% stock drop.