Stock Forecast: Netflix (NFLX) Stocks Leap As Subscriber Gains Beat Estimates

Stock Forecast:

[Source: Wikimedia Commons]

“At Netflix, we think you have to build a sense of responsibility where people care about the enterprise. Hard work, like long hours at the office, doesn’t matter as much to us. We care about great work”

— Netflix CEO Reed Hastings

Netflix now has 125 million members worldwide

Shortly after Netflix (NFLX) published their Q1 Earnings Report after market hours on April 16th, 2018, Netflix’s stock soared from a closing price of $307.78 to $323.75 per share after hours, increasing roughly 7% before the market open alone. Over the past year, Netflix has outperformed the market by more than 102%. Upon examining the drivers behind this impressive growth that occurred within the past year, the most recent earnings report published by Netflix provides insight as to their stock event, as well as success over the past year.

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