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Barchart
Mark R. Hake, CFA

Netflix Stock Is Off 10% From Its High - Is It a Buy Now?

Netflix NFLX

Netflix (NFLX) is off over 10% from its high of over $477 per share since it released its Q2 results. But does that make it a buy now? The company's recently released financials show that investors may have overreacted. On Friday, July 21, NFLX stock was trading at $428.37, off another 2.0%.

In fact, on July 19 the company said in its Q2 shareholder letter that it posted an increase of 5.89 million in memberships for the quarter over Q1. That was significantly better than the 1.75 million QoQ increase in Q1 over the prior quarter. 

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