Is It Time to Buy Netflix Stock?
Shares of Netflix (NASDAQ: NFLX) were hit hard earlier this week. The stock slid nearly 8% Wednesday, following the streaming-TV company's first-quarter earnings report. While the company did miss analyst estimates when it came to its subscriber growth, did Wall Street overreact by selling shares so aggressively?
A closer look at Netflix's subscriber miss and some other key takeaways from the company's quarter show that this may be a great opportunity for investors to get in on this growth stock and potentially profit nicely over the long haul.
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Source Fool.com
