Although the past few years have been tumultuous for (NASDAQ: NFLX), the company finally seems to have turned things around. Shares of the streaming giant are up by 41% over the trailing 12-month period. Further, Netflix's most recent quarterly update was well-received by investors as the company continues to showcase steady progress.
Can Netflix's momentum last? Or is the company doomed to experience another sell-off? Let's determine whether it is worth buying the company's shares today.
Netflix has implemented several changes over the past year or so. The goal was to strengthen the company's position in the increasingly competitive streaming landscape while boosting its financial results. These initiatives included a lower-priced ad-supported subscription option for price-sensitive customers.
Source Fool.com