Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Is It The Right Time To Buy Netflix, Inc. (NFLX) Stock? What Does Experts Say?

Netflix, Inc. (NASDAQ:NFLX) reported a rather disappointing quarterly report few days back, due to which the share prices dropped by more than 25% in after hours. The company’s stock price took a nose dive from around $450 per share to around $330 per share. Firsthand Capital Management’s Kevin Landis shares his optimistic outlook about Netflix on CNBC, in spite of it’s recent slump.


Netflix, Inc. (NASDAQ:NFLX)’s poor quarter was attributed to the miss on estimated new subscriber addition. Netflix claimed to add 3.7 million new subscribers worldwide in the quarter, whereas the company could add only 3 million. Also, new subscriber addition in US dropped by 300,000 year-over-year, which was another big concern. Netflix blamed the increased subscription fee for the miss.

Landis mentioned that he talked himself out of the Netflix, Inc. (NASDAQ:NFLX) stock. He said that he is holding onto some stocks right now.

“I have talked myself out of that stock. […] We are in it a little bit, but I have to tell you most of the time when I am looking at that stock and I am looking at that chart, I spend most of my time kicking myself,” Landis said.

Landis added that the best opportunity to get hold of Netflix, Inc. (NASDAQ:NFLX) stock was, when the company decided to botch the DVD business to get into new businesses, which made many consumers unhappy. He feels that the last quarter has reopened the doors for investors to buy Netflix, Inc. (NASDAQ:NFLX) stock.

“[…] It’s such a great story that when it does go on sale it hardly looks like a sale and people who come out of woodwork making all this great arguments to say, it’s still really expensive. The answer is yeah it is expensive, but again look at the market cap and look at the space they are playing in. Look at this great position they have got,” Landis talked about the positives of Netflix, Inc. (NASDAQ:NFLX).

He feels that Netflix, Inc. (NASDAQ:NFLX) is the place to be right now. Many analysts rated Netflix, Inc. (NASDAQ:NFLX) as a $600 stock. Landis did not respond directly on whether he thinks if Netflix is a $600 stock or not.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!