Netflix (NASDAQ:NFLX) is a volatile tech stock, but that’s to be expected since it’s the first mover in streaming video. At the same time that it has seen rapid expansion, especially abroad, there has been increased competition across the board as many other companies want a share of this lucrative marketplace.
Netflix had a lot of growing pains in 2011 and 2012 as it botched a transition away from DVD rentals and has bled cash on original programming and new content deals. As a result, the company still remains significantly below its all-time high of about $300 just two years ago.
Still, a doubler in Q1 is nothing to sneeze at — and if these long-term plans for international growth pan out, there could be more gains ahead.
Jeff Reeves is the editor of InvestorPlace.com and the author of “The Frugal Investor’s Guide to Finding Great Stocks.” Write him at firstname.lastname@example.org or follow him on Twitter via @JeffReevesIP. As of this writing he did not own a position in any of the stocks named here.