Netflix's CEO Urges Caution About His Own Stock?

By Chris Hill – Oct 22, 2013 at 7:29PM

NASDAQ: NFLX

Netflix

Market Cap

$243B

Today's Change

(1.74%) $9.68

Current Price

$564.80

Price as of April 25, 2024, 4:00 p.m. ET

Netflix is up so big, even CEO Reed Hastings has come out and called the stock frothy. Should you be staying away?

The following video is from Tuesday's edition of Market Foolery, in which host Chris Hill and Motley Fool analysts Tim Hanson and Jim Gillies give their Foolish take on the biggest investing stories of the day.

Netflix (NFLX 1.74%) packed on an additional 1.3 million subscribers this quarter, and the stock has hit a new all-time high. However, CEO Reed Hastings said in the conference call that the stock could be compared to when it was particularly frothy back in 2003. In the lead story on today's Market Foolery, Tim and Jim give their view of Netflix today as a stock, and what the future looks like for the company.

Chris Hill, Jim Gillies, and Tim Hanson have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Netflix. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.