Netflix Management Remains Unfazed by Competition
Shares of Netflix (NASDAQ: NFLX) have missed out on the stock market's recent rally, with shares sliding 3% over the past 12 months as the S&P 500 climbed 25%. The stock's underperformance has been due primarily to investors' concerns about intensifying competition in streaming TV. But is the Street worrying too much about Netflix's ability to navigate this evolving landscape?
Despite new competition coming to market and recent price hikes for its monthly subscription, Netflix continues to see robust growth -- both globally and in the U.S. Indeed, subscriber growth in the U.S. even persisted during Q4, even as both Walt Disney (NYSE: DIS) and Apple (NASDAQ: AAPL) launched new streaming services.
Here's how the company is holding up against competition -- and what management said about competition in its fourth-quarter update earlier this week.
Source Fool.com
