TradingKey – Today, on Wednesday, October 21, the stock price of Netflix (NFLX) is likely to open sharply lower following it’s Q3 report. On Tuesday, the NFLX price closed at $68.69, dropping around 1.66%, then it further fell about 6% in extended trading to around $65. For the moment, the premarket quotes hold at $64.84. The stocks were already down around 25% this year and about 48% below the June 2025 record high.

Overall, the quarter itself was fine, but the outlook wasn’t as the Q4 revenue and EPS (earnings per share) guidance came in below estimates. Moreover, Netflix cut its 2026 advertising revenue forecast to about $2.7 billion from approximately $3 billion. That puts the stock right on the $65.52 demand zone, and today’s…