The Ratings Game: Surging Netflix stock snaps losing streak after analyst foresees U.S. subscriber number topping estimate

Shares of Netflix Inc. surged Monday, on track for the first gain in six sessions, after a Piper Jaffray analyst said he expects the video streaming giant to beat second-quarter U.S. subscriber growth expectations.

Analyst Michael Olson said while a preliminary reading of his “Netflix Search Index,” which is based on an analysis of search trends utilizing Alphabet Inc.’s Google GOOGL, +0.95% , points to year-over-year 11.7% growth in U.S. subscribers, while Netflix’s guidance called for an increase of 8.2%. Read more about Q1 results and Q2 guidance.

For international subscribers, the search index suggests 45.8% growth, while guidance called for a 36.5% rise.

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