Netflix, Inc. (NASDAQ:NFLX) experiences a solid turnaround


Dallas, Texas 07/10/2013 (Financialstrend) – Netflix, Inc. (NASDAQ:NFLX) has experienced a solid turnaround this year, with shares up by a whopping 153 percent this year. Analysts are considering upgrading the stock. The positive sentiment comes from the fact that the company shift aggressively away from its declining mail delivery system and focused on its streaming services. A material change is done by the company’s business model and in addition to being a video-distributor, the company evolved into a content producer. Many investors started to check on Netflix, Inc. (NASDAQ:NFLX) as they become sceptical of its potential upgrade.

The continuous surge of Netflix, Inc.’s (NASDAQ:NFLX) share price shows that it is substantially benefiting from economies of scale, as its operations in the U.S. market are expanding. Netflix’s management is expecting its margin ramp to attain the target of 100bps each quarter. Netflix, Inc. (NASDAQ:NFLX) recently announced a deal with The Walt Disney Company (NYSE:DIS) regarding some of Disney’s kids-themed content.

Netflix, Inc. (NASDAQ:NFLX) shares are currently trading at $240.80, down by 2.60%. The 52-week price range of the stock was between $52.81 and $248.85, while during the last trade day, its minimum and maximum price were $234.87 and $247.41 respectively.

Average trading volume of Netflix, Inc. (NASDAQ:NFLX) is 3.01 million, whereas the trading volume amounted to 5.08 million shares on Tuesday. The company has a total market capitalization of $ 13.89 billion and 56.41 million outstanding shares.

Netflix, Inc. (NASDAQ:NFLX), is an Internet subscription service in the United States which is streaming television shows and movies, unlimited movies and television shows over the Internet to computers, televisions, and mobile devices. The Company operates in domestic streaming, international streaming and domestic DVD segments.

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