Netflix (NFLX) is past its prime.
Shares of the streaming media giant crashed nearly 40% on Wednesday as the company uncorked another disappointing quarter, sparking fresh worry on the Street about future growth potential.
“I think its best days are behind it,” said Macquarie tech analyst Tim Nollen on Yahoo Finance Live.
Nollen is one of the few analysts on Wall Street to downgrade Netflix shares ahead of the company’s latest results. And Nollen’s call looks to be spot on.
Here’s how Netflix…
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