Netflix's Post-Earnings Crash: Should You Buy the Stock While It's Below $70?
The streaming stock recently hit a new 52-week low.
Overview
Netflix (NASDAQ: NFLX) reported earnings last week, and the numbers didn't give investors much of a reason to be bullish. The results weren't bad, as the company generated solid double-digit growth, but investors remained concerned about its future, as the guidance didn't provide enough assurance that the business is on the right path.
Earlier this year, Netflix's stock went into a tailspin after investors learned co-founder Reed Hastings was leaving the company. And amid continued questions about its future growth prospects, investors are even more bearish of late.
Details
But could Netflix, which is still very much a leader in its industry, make for a good investment, especially with its stock now dipping below $70 and being the lowest it's been in nearly two years?
Source
Originally published at www.fool.com.