Shares of Netflix (NASDAQ:NFLX) are up 40% today on news of the company's $0.13 per share earnings beat. Analysts had been expecting a loss. In this video, Motley Fool analyst Austin Smith sifts through all the tumultuous ups and downs of this stock recently, takes investors through the Netflix narrative, and tells us why he's bullish on the company for the long run.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.