Market Movers rounded up the best reactions from investors and analysts on Netflix ‘s latest quarterly results. The experts, including Jim Cramer , discussed the streaming service as its shares fell more than 3% on Wednesday. On Tuesday, Netflix posted mixed first-quarter results with earnings that beat expectations and revenue falling short of analysts’ forecasts, according to Refinitiv. The company also delayed the rollout of its password-sharing crackdown , pushed from the first quarter of this year to the second. Despite the results, UBS upgraded Netflix to a buy . The firm sees upside opportunities in subscribers and pricing power.
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