Netflix Stock Is Down Nearly 40%. What's Going On?
Investors seem pessimistic about Netflix's future. But is that justified?
Overview
Netflix (NASDAQ: NFLX) has become one of the more interesting stocks in the market right now. Its shares have fallen sharply from their highs, leaving many investors wondering whether something has gone seriously wrong with the business.
But here's the surprising part: Netflix's business is still growing. In its latest quarter, Netflix generated $12.6 billion of revenue, up 13% year over year . So why has the stock fallen so much?
Details
The answer is more complicated than a "weak" quarter.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.