Its trading down almost 9% at $435.
Revenue rose 2.7% to $8.2 billion.
Tim Nollen of Macquarie has a neutral rating and a $410 price target.
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We also note valuation of NFLX stock at more than 20x EV/EBITDA, above many internet peers.
Despite increased competition, NFLX remains the dominantstreamingplatform and maintains the largest market share of US TV viewership.
The jump is due in lare part to the writers andactors strikehalting production.
That could reverse next year if a deal is reached.
