Netflix Bounces from Brexit to Comcast

By on Jul, 5 2016 with Comments 0

 Comcast-logoNetflix stock took a ride on Tuesday, initially falling after Needham downgraded the stock to “hold” from “buy” over fears that the company’s exposure to Europe could speed subscriber churn or slow subscriber growth. But the stock recovered on the news that Comcast will put the streaming service on the Comcast X1 set-top box.

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About The Author: Leslie Stimson has been a reporter for 35+ years, starting in radio news. She’s spent the last 20 years reporting for radio trades.

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