Netflix, on-demand internet streaming media company share on Monday (ET) are trading lower probably in lieu of its Q4 financial results that are due on Wednesday. The company (trades with the name NFLX) share price this morning is down $2.63, to $97.61 – change in -2.6%. Netflix shares ranks among one of the best result oriented shares for the year.
The company is an American provider of on-demand Internet streaming media in the United States, Canada, Latin America and the Caribbean, and flat rate DVD-by-mail in the United States. The company was established in 1997 and is headquartered in Los Gatos, California. It started its subscription-based digital distribution service in 1999 and by 2009 it was offering a collection of 100,000 titles on DVD and had surpassed 10 million subscribers.