Netflix raised several red flags in its earnings that mean it might be time to take profits: Analyst

's quarterly earnings report raised "several red flags" that will likely keep the stock range-bound over the next few quarters, a tech analyst told CNBC on Thursday.

Victor Anthony, managing director and internet analyst at Aegis Capital, said that the loss of paid domestic subscribers due in part to the streaming giant's "aggressive" regional price increases was a concern. Netflix's original content slate and looming competition from new streaming platforms could cause investors to pause, he said.. " "That could be a meaningful challenge for Netflix and their ability to grow [subscribers.

It expects the third quarter will be strong as consumers rush to watch the third season of hit show "Stranger Things."

Excellent timing.

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After a great start to earnings season, overall profits are no longer expected to declineCorporate earnings forecasts for the second quarter were lowered so much that companies are easily beating them, and expectations for negative profit growth are expected to turn positive. Try as they might, the lying MSM just can’t kill this market rally.
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