Baird Technology Strategist Ted Mortonson joins Yahoo Finance Live to discuss the slides tech stocks are experiencing, investing in the software sector, growth in major companies developing emerging technologies, and Netflix's presence in the streaming space.
Netflix's unexpectedly poor subscriber growth estimate will likely mean that it takes longer to reach its financial goals than previously expected, a new Bank of America report found.
Netflix (NASDAQ: NFLX) shareholders endured painful losses in recent days after the company announced its second straight quarter of sales growth that fell beneath the critical 20% annual rate that it had easily surpassed over the last few years. In a conference call with Wall Street analysts, Co-CEO Reed Hastings and his team projected confidence about the long-term growth opportunity ahead. COVID-19 scrambled demand trends and added significant noise to Netflix's growth rate.