Netflix Lifted Guidance. Is the Stock a Buy Following Its Drop?

Netflix (NASDAQ: NFLX) once again delivered strong revenue and earnings growth when it reported its Q2 results on July 17, but the stock nonetheless fell on the news. The video streaming company has been a strong performer this year, with the stock up 38% year to date as of market close July 21 despite the pullback. As such, expectations were high going into the report.A huge market winner over the years, let's see if this pullback could be a buying opportunity, especially after the company raised its guidance.Netflix said the key to its success is offering a wide array of quality series and films that resonate with its viewers. It noted that a hit show or film typically only accounts for about 1% of total viewing, so it looks for a continuous stream of quality content across regions and genres to keep viewers and bring in new ones. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool