And it wasn't even that big of a miss! They guided down from $1.85B to $1.70. This happens once in awhile, especially considering this is a high growth company. I wonder investors in other high-flyers are going to take this as fair warning, I mean, a paltry 8.4% earnings forecast revision, in the grand scheme of things, is not all that bad. If you're a NFLX investor you must be wondering right now what could happen if the pink ponies and pixel dust dries up on your position, one that has had an 800% run in 2 years. (and almost twice the P/E of CSTR, as of yesterday).
I think it would result in the Smell of Fear. And so it begins. Let's call this for what it is, the beginning of the correction?