In the following video, analyst Brenton Flynn runs through this week's earnings report from Netflix. It was only weeks ago that Netflix shareholders were high-fiving each other as the stock soared on sensational news that June content viewership had surpassed 1 billion hours.
While Brenton's the quantitative type who loves his operating metrics, it was easy to see this as nothing more than propaganda, offering no tangible evidence that business was booming. Fast-forward to this week, and investors received a dose of reality in tempered subscriber guidance and concerns over its ability to hit full-year targets. Follow along to learn more.
If you thought Netflix's content metrics were staggering, consider this: The amount of data we store every year is growing by a mind-boggling 60% annually! To makes sense of this trend and pick out a winner, The Motley Fool has compiled a new report called "The Only Stock You Need To Profit From the NEW Technology Revolution." The report highlights a company that has gained 300% since first recommended by Fool analysts but still has plenty of room left to run. Thousands have requested access to this special free report, and now you can access it today at no cost. To get instant access to the names of this company transforming the IT industry, click here -- it's free.
