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Investing Specialists

Morningstar Runs the Numbers

We take a numerical look through this week's Morningstar research. Plus, our most popular articles and videos for the week ended April 20.

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Inspired by Harper's Index (with a tip of the hat to FiveThirtyEight's Significant Digits blog), Morningstar Runs the Numbers uses a numbers-based approach to highlight recent Morningstar research, along with some outside news stories.

2 million
Netflix started off 2018 on a strong note, as it beat its own subscriber guidance once again. The firm continues to expand, adding nearly 2 million new subscribers in the United States and 5.5 million globally. The firm plans to increase the amount it is currently spending on content, however: Netflix now projects to have a cash flow burn of $3 billion to $4 billion in 2018, up sharply from $2 billion in 2017. Analyst Neil Macker still believes the shares are overvalued and is maintaining Netflix's narrow moat rating and $90 fair value estimate. does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.