Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Bearish rumors swirling ahead of Netflix's earnings report miss the long-term bullish prospects for the media giant, internet analyst Anthony DiClemente said Monday.
The streaming video company is set to report its third-quarter earnings after Monday's closing bell. It faces concerns from investors about slowing subscriber growth, rising costs and increased spending stemming from content development and increased competition.
In premarket trading Monday, the stock was down about 1 percent.
DiClemente told CNBC's "Squawk Box" that Netflix is worth looking at as a long-term investment for a number of reasons.
The Nomura analyst gives three things to consider.
"They don't have a legacy business to protect the way traditional media companies do," he said. That gives Netflix a "singular focus," setting it apart from its competitors, he added.
Next, with millions of subscribers worldwide, Netflix has the ability to spread its content costs across its scaled subscriber base, DiClemente said.
Finally, the analyst lauded the company's secular growth. "The world is shifting to internet video; this is the market leader," he said.
DiClemente attributed short-term headwinds mainly to several major moves the company made last year such as expanding its international business.
"You're factoring in the new investments that have yet to yield a return," he said.
He said other minor headwinds include raising prices on its service in the U.S. and slightly slowed subscriber growth.
Thomson Reuters' consensus estimate for the company's third-quarter revenue is $2.28 billion, with the company expected to post earnings of 6 cents per share. That's compared with 7 cents per share on $1.74 billion in revenue in the third quarter last year.
Tru Optik CEO Andre Swanston sees Netflix's situation as a bit less clear and a bit more competitive, though he conceded that much of the bearishness the company is seeing ahead of earnings is overplayed.
Swanston told "Squawk Box" he has three concerns.
First, Netflix has been too reliant on licensing content from other companies, and these companies are launching their own services or increasing the price. That forces Netflix to create original content.
Next, he said, the company has lost its technological edge over competitors.
And finally, he said, the company's international expansion will force it to produce more local, diversified content in different languages, which can also hike costs.
Despite such concerns, Swanston said the company is in a remarkable position relative to its competitors when it comes to the future of television streaming.
"Who wouldn't trade places with Netflix right now?" Swanston asked.
Pricing concerns tend to be overplayed, he said, especially considering the fact that similar services from HBO, Hulu, Sling TV and others are competitively priced.
And, as it expands into international territory and begins to increase its self-sufficiency, Swanston said, it will prove to be an even larger influence on its industry.
"I think what you're seeing is Netflix is becoming more and more like a Viacom or Disney, and all those companies are trying to become more and more like Netflix," Swanston said.
Michael Olson, senior research analyst at Piper Jaffray, agreed that while the outlook for Netflix's next several quarters is fuzzy, the company's superior position relative to its competitors gives it an advantage.
In an interview on "Squawk Alley" on Monday, Olson told CNBC that although analyst reports suggest Netflix will not meet its expected 300,000 net domestic subscriber adds, the miss will not have a significant impact assuming Netflix's international business remains strong and growing.
"You're going to have these quarters where you have things like the ungrandfathering of the price increase or you have new competitors that enter the market … but generally, this is a growing market and they're the leader in the space," Olson said.
The "ungrandfathering" of subscribers, which ties to Netflix's recent price increase on its monthly subscription, ends partway through the fourth quarter, Olson said. Only then will the company be able to see its effects on subscriber additions and retentions, the analyst said.
Olson also spoke about Netflix reshaping and downsizing its content library.
"As far as the independent content that they're keeping, they're keeping quality content that's bringing in viewers and they're dropping off some of the lower-tier content in favor of originals," he said. "I think, ultimately, it's the right strategy. You want to have a unique offering and that's the way to do it."
Moving forward, Netflix will face growing interest in its content's ratings, as well as in specifics about how much the company spends on producing its content.