Netflix Stock (NASDAQ:NFLX)
On Friday, Netflix (NASDAQ:NFLX) stock kept rising. An excellent earnings report for the third quarter impeded the change on Tuesday night. Still, three days later, Netflix stock investors are finding more and more reasons to be pleased with Netflix’s performance.
At 1 p.m. ET, Netflix stock was trading 5.2% higher, down from its 6-month high of 6.1% an hour earlier.
What’s the Reason?
A comprehensive analysis of Netflix’s performance and revised business strategies would be too lengthy for this little piece. The report was too substantial and intricate for that. Instead, I’d like to direct your attention to more in-depth discussions of Netflix’s third-quarter report, the company’s change in emphasis from subscriber numbers to revenue, and the three most compelling reasons to purchase Netflix stock now.
Even then, you haven’t even begun to explore the depths of Netflix’s groundbreaking study. In addition, I might discuss the hopes and fears of Netflix’s upper management in light of the advent of freemium alternatives. Another issue is the impending ban on exchanging passwords. Do you know about the recent shift toward binge-watching rather than following a traditional television show’s weekly airing? Not to mention Netflix’s analysis of its advantages over competitors like Walt Disney and Warner Bros. Discovery, which it believes will help it create a moat.
You didn’t come here to learn about Netflix’s third quarter like it was the Riot Act. Even many days after the report’s release, these remain the main concerns of investors and experts. It’s too soon to go into detail.
So What Happens Now?
Netflix stock price has been on the upswing since it hit multi-year lows in the summer, but it has a long way to go before reaching the levels it reached in October last year.
Still, Netflix stock value is nearly 60% lower than its yearly high. Also, the corporation just gave you enough evidence to fill an encyclopedia about why you can trust this firm over the long haul.
As a result, it might be a great moment to invest in Netflix stock.
Featured Image- Megapixl @ Lightfieldstudiosprod
Author Shariq Khan 
