Recently, Netflix CEO Reed Hastings announced that viewers had watched 1 billion hours of content in the month of June, more than ever before. This out-of-context number indicates to tech analyst Eric Bleeker that the company is lacking good news, and it's not a great reason to buy this business.
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Eric Bleeker and Jeremy Phillips have no positions in the stocks mentioned above. The Motley Fool owns shares of Netflix. Motley Fool newsletter services recommend Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.