Credit Suisse remains on the sidelines following Netflix Q1 results

In a research note post-earnings, Credit Suisse highlights that Netflix’s Q1 was slightly below on subscribers/revenue, though EBIT was still slightly above and free cash flow well above, while the Q2 guide was below Credit Suisse’s for revenue/EBIT though subs were indicated as likely "similar" to Q1. The firm keeps a Neutral rating on the shares with a price target of $331.