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quarter, but the company just lowered its estimate,http://www.dtvtk3.com/, to 24 million members. Netflix currently anticipates that there will be 800,000 fewer DVD-only customers and 200,000 fewer streaming-only customers than it had previously expected.(MORE: 12 Things You Should Stop Buying Right Now)The New York Times Media Decoder blog noted that soon after news broke this morning regarding Netflix’s revised subscriber estimates,[url=http://www.dtvtk3.com/]jimmy choo sale[/url], the company’s stock price dipped by almost 15% after the market opened.Today’s drop comes after another drop in earlier September, when the announcement was made that content from Starz Entertainment would no longer be available for streaming via Netflix. At that point, Netflix’s stock price took a 9% hit, falling within a few hours from to $233 to $211 per share.Around midday today, the company’s stock price stood at $176, and by 4 p.m., it was below $170.(MORE: Netflix Customers Outraged as DVD-Streaming Movie Combo Gets 60% More Expensive)Brad Tuttle is a reporter at TIME. Find him on Twitter at @bradrtuttle. You can also continue the discussion on TIME’s Facebook page and on Twitter at @TIME.Netflix Stock Soars as Subscribers ReturnNetflix, the streaming video and DVD service, saw its stock price soar over 22% Thursday after reporting earnings results that beat Wall Street expectations. The company said it added 610,000 new customers last quarter,[url=http://www.dtvtk3.com/]jimmy choo shoes sale[/url], in a sharp rebound from a debacle last summer when 800,000 quit the service following an unexpected price hike.It’s a welcome reversal for CEO Reed Hastings, who endured consumer vitriol following an aborted proposal to split the company’s DVD business from its streaming business.Although the company felt the lingering effects from the earlier wave of customer defections — with net income of $40.7 million compared to $47.1 million one year ago — that wasn’t as bad as Wall Street had expected, which helped to propel the stock upward. Following the results, several analysts, including Citi’s Mark Mahaney, raised their projections for the stock. Mahaney increased his price target to $130, saying that the company’s “streaming story is still early days.”(MORE: Should Americans Care About Apple’s iPhone Factory Conditions?)Others were more cautious. JPMorgan analyst Doug Anmuth said the company’s fourth-quarter performance “suggest the company has likely turned the corner in terms of subscriber growth and profitability trajectory.” Nevertheless,[url=http://www.dtvtk3.com/]jimmy choo outlet[/url], he maintained a “neutral” rating on the stock, while edging his price target up slightly to $95 per share.Netflix shares rose over 22% to close at $116.01. Still, thats a far cry from the heights the company achieved last year — nearly $300 in July — before the price hike helped torpedo the stock.In a letter to shareholders, Hastings sounded a bullish note about the company’s prospects. “The global opportunity for streaming TV shows and movies becomes more compelling every year with the rise of smart TVs and faster broadband,” he wrote. “Every quarter we are improving our content selection, we are improving our user experience, we are learning more about social, and we are increasing our brand awareness in the 47 countries where we offer our Internet TV network.”(LIST: The 10 Best (and Most Unusual) Employee Perks)Netflix, which now boasts 21.7 million online subscribers, was an early pioneer of streaming video to living room televisions, but the company is girding for new competitors like Amazon — as well as existing video giants like Comcast, Verizon and HBO — to make a play for that market.Netflix successfully crowdsources its R&D. Now what?Almost three years ago, Netflix announced it would award $1 million to anyone who could improve its movie-recommendation algorithm by at least 10%. (That’s the computer programming that tells you that if you like Eternal Sunshine of the Spotless Mind, chances are you’ll also like Kurosawa films—odd as
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