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Netflix: 300% gain for 2013

Netflix (NFLX) always seems to find itself on either the worst or best performer list, and 2013 was no different. This time, Netflix was a star performer, driven by increased adoption of its streaming service and strong subscriber growth.

netflix nflx stockOriginal and award winning programs by Netflix are setting the company apart, and these programs are forcing many competitors to take note and adapt to this new competitive environment. After all, more people are signed up for Netflix than HBO, with close to 40 million members for NFLX.

Plus on the earnings front, Netflix has been extremely strong including four straight beats with an impressive 200% beat for the final quarter of 2012, which showed a surprise profit. Add this in to strong earnings estimate revisions and a rising consensus estimate for 2014, and there still may be a bit of room to run for NFLX.

Netflix currently has a Zacks Rank #1 (Strong Buy), and it is in a top 20% industry to boot.

Article printed from InvestorPlace Media,

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