Netflix Earnings Look Good: Time to Buy the Stock While Shares Are Still Down From Recent Highs?
The streaming TV service specialist's first-quarter results smashed expectations and sent shares surging higher.
Last Thursday, streaming service giant Netflix (NASDAQ: NFLX) reported solid first-quarter results that pushed shares back above $1,000 in after-hours trading. The Street likely loved the company's huge bottom-line outperformance and management's decision to reaffirm its full-year outlook for strong top-line growth and an improvement in its operating margin.
"We're executing on our 2025 priorities," Netflix said in its first-quarter shareholder letter. Those priorities include enhancing its content slate, growing its advertising business, leaning into its more nascent growth initiatives, such as live programming and games, and ultimately driving robust revenue and profit growth.
For investors who were on the sidelines going into the report, is it too late to buy shares? This is a timely question because, although the stock is up from recent lows, it's still well below its high of $1,064.50 achieved earlier this year. Are shares of the streaming service specialist attractive at a price of around $1,000?
