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Here's what Wall Street is saying about Netflix's disappointing forecast and stock plunge

Akin Oyedele   

Here's what Wall Street is saying about Netflix's disappointing forecast and stock plunge
Stock Market1 min read

house of cards frank underwood mobile phone smartphone agario miniclip

Miniclip

Frank Underwood with Will Conway in Netflix's "House of Cards"

Netflix's forecasts for the second quarter were weaker than expected, and that shook Wall Street.

On Monday, the company reported first quarter profits that topped analysts' estimates, and revenues that were roughly in line with expectations.

But that was not enough to stop a 10% plunge in the shares in after-hours trading.

The video-streaming company said it added 2.23 million US subscribers in the first three months of the year, and 4.51 million internationally. Both beat estimates.

But its guidance for 2 million net additions outside the US during the second quarter fell short of the estimate for 3.45 million.

Some analysts have lowered their price targets on the company's stock. Meanwhile, others maintain that Netflix will continue to dominate the competition, even as it raises prices.

Here's a roundup of where they stand:

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