Where Will Netflix Be in 1 Year?
Netflix (NASDAQ: NFLX) can't seem to catch a break. Shares of the company behind the leading premium streaming video platform slumped nearly 3% for the week, despite initially moving sharply higher after posting mixed financial results for its third quarter.
Netflix did come through with better-than-expected earnings, put a positive spin on its growing roster of challengers, and offer up respectable guidance for the current quarter, but it wasn't enough. Investors are worried about how dominant its market leadership position will be in the coming months, with a glut of new services launching. The concerns are legit, but the year ahead could be more redemptive than the road to perdition some bears think Netflix is taking these days.
Image source: Netflix.
Source Fool.com
