Is Netflix Stock a Buy Now?
Netflix's (NASDAQ: NFLX) stock has tumbled more than 60% this year amid pressing concerns about its slowing growth, ongoing loss of subscribers, and intensifying competition in the streaming video market. Its plans to chase down shared passwords and launch a cheaper ad-supported tier also suggested that Netflix was starved for new subscribers.
However, shares recently rallied after the company posted a mixed second-quarter earnings report. Has the streaming video giant's stock finally bottomed out, or will it continue to slide over the next few quarters?
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Source Fool.com
