What’s the Deal With These 4 Falling Stocks?

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Next up on our list of falling stocks is Netflix, Inc. (NASDAQ:NFLX), whose shares are in the red today as investors remain cautious given the stock’s proximity to its 52-week high. Because Netflix isn’t solidly profitable like other companies and its stock has more than doubled this year, Netflix is prone to sentiment shifts, which would be especially felt if more competition were to come into the internet streaming arena. Although Apple Inc. (NASDAQ:AAPL) has put its $30-to-$40 per month live TV service on hold for the moment, as content creators ask for more fees for their programming, other streaming services such as HBO Now could put a dent in Netflix, Inc. (NASDAQ:NFLX)’s growth numbers. Given the increasing competition, Netflix’s future increasingly depends on how well its own shows do, and fortunately for the company, Netflix recently received more Golden Globe nominations than any of the broadcast networks did. Many elite funds are bullish on Netflix, with Andreas Halvorsen‘s Viking Global among them, with a stake of 4.52 million shares at the end of September.

Last on our list is cyber security provider Fortinet Inc (NASDAQ:FTNT), whose shares are off by 3% on the day after analysts at Citigroup crunched the numbers from a survey of 51 chief information security officers and concluded that among other things, Fortinet Inc (NASDAQ:FTNT) could experience ‘less favorable trends’. Whether the survey actually predicts the future direction of Fortinet’s demand is up for debate, but investors are selling first and asking questions later. Cyber security is a big growth area, and Fortinet could continue to do well if management executes. 36 elite funds were long Fortinet shares as of September 30.

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Disclosure: None

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