2 Reasons Netflix's Turnaround Is No Surprise
Netflix (NASDAQ: NFLX) stock surged more than 10% after finally returning to subscriber growth following two consecutive quarters of decline.
Wall Street analysts now see Netflix as a sustainable subscriber growth story again, but those who regularly watch content on the service could have seen this quarter coming from a mile away. Here's why.
Netflix founder and co-CEO Reed Hastings has earned investors' trust. He pioneered DVD-by-mail and streaming video before anyone knew they needed it. He's made mistakes (like Qwikster in 2011) and he's been quick to correct those mistakes.
Source Fool.com
