Netflix NASDAQ: NFLX shares are trading at fresh 52-week lows on Friday, July 17, 2026, down roughly 7% intraday, after the streaming giant delivered a mixed second-quarter report and issued third-quarter guidance that came in below Wall Street expectations. Netflix reported Q2 2026 revenue of $12.56 billion, slightly below the $12.58 billion consensus estimate, though revenue was still up 13.4% year-over-year. Earnings per share came in at $0.80, beating the $0.79 consensus by a penny. The bigger issue for investors was forward guidance: Netflix projected third-quarter revenue of $12.86 billion, undershooting the roughly $13 billion Wall Street had modeled, and narrowed its full-year 2026 revenue outlook to $51.0 billion to $51.4 billion, inside its previous range. Despite the selloff, which has pushed Netflix stock down 25.5% year-to-date in 2026, Wall Street analysts largely remain constructive. Rosenblatt's Barton Crockett maintained a Neutral rating but cut his price target from $...