3 Media Stocks to Buy: Netflix (NFLX)
Netflix (NFLX) is a great example that is seeing excellent results from consumer’s desire for low-cost entertainment choices. Its streaming video service is attractively priced, and even after it implements price increases that were announced recently, it still will be cheaper per month than a single night out to the movies.
Earlier this week, NFLX announced that they earned 86 cents a share with revenues of $1.27 billion for its first quarter of the year.
During the same period last Netflix earned 5 cents per share on $1.02 billion in sales. Analysts had expected earnings of 81 cents per share. NFLX added 2.25 million U.S. customers and ended the quarter with 35.7 million members.
The improved fundamentals were picked up by Portfolio Grader, and NFLX stock was upgraded two weeks just before earnings were released. NFLX shares are a strong buy at the current price.