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2 Reasons Netflix's Turnaround Is No Surprise

TheMotleyFool

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2 Reasons Netflix's Turnaround Is No Surprise: https://g.foolcdn.com/editorial/images/705776/watching-streaming-tv.jpg

Netflix (NASDAQ: NFLX) stock surged more than 10% after finally returning to subscriber growth following two consecutive quarters of decline.

Wall Street analysts now see Netflix as a sustainable subscriber growth story again, but those who regularly watch content on the service could have seen this quarter coming from a mile away. Here's why.

Netflix founder and co-CEO Reed Hastings has earned investors' trust. He pioneered DVD-by-mail and streaming video before anyone knew they needed it. He's made mistakes (like Qwikster in 2011) and he's been quick to correct those mistakes.

Source Fool.com

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