On CNBC's “Halftime Report Final Trades,” Blue Line Capital’s Bill Baruch named Netflix, Inc. (NASDAQ:NFLX) as his final trade.
On the earnings front, Netflix, on July 17, reported upbeat second-quarter financial results and raised full-year revenue guidance. Netflix reported second-quarter revenue of $11.08 billion, up 16% year-over-year. The streamer’s revenue total beat a Street consensus estimate of $11.04 billion according to data from Benzinga Pro. The company reported second-quarter earnings per share of $7.19, beating a Street consensus estimate of $7.06.
See Also: Here’s What Netflix Does Better Than Apple, Meta And Google
Jason Snipe, Founder & Chief Investment Officer, Odyssey Capital Advisors, said he likes Palo Alto Networks, Inc. (NASDAQ:PANW), adding that he likes CyberArk Software Ltd. (NASDAQ:CYBR) acquisition, which is expected to be accretive to the stock in the long run.
On July 30, Palo Alto entered into a definitive agreement with CyberArk to acquire the identity security company. Shareholders of CyberArk will receive $45 in cash and 2.2005 shares of Palo Alto common stock for each CyberArk share held for an approximate equity value of $25 billion.
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Jim Lebenthal, partner at Cerity Partners, said Transocean Ltd. (NYSE:RIG) is a very high beta energy play.
Transocean report earnings for the second quarter on Monday, Aug. 4, 2025. Analysts expect the company to report a quarterly loss at 2 cents per share, versus a year-ago loss of 15 cents per share.
Price Action:
- Netflix shares slipped 0.1% to close at $1,158.60 on Friday.
- Palo Alto shares fell 0.4% to close at $172.88 during the session.
- Transocean shares fell 3.4% to settle at $2.82.
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