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Think It's Too Late to Buy Netflix? Here's the Biggest Reason Why There's Still Time.
This streaming video giant may have more room to run.
Shares of Netflix (NASDAQ: NFLX) soared to a record high after its first-quarter earnings report exceeded Wall Street expectations. For the period ending March 31, the streaming giant posted a 13% year-over-year revenue increase. Its earnings per share (EPS) reached an all-time high of $6.61, up 25% from the prior-year quarter.
With the stock price up 71% over the past year as of this writing, some investors might assume it's too late to buy Netflix. However, this thinking risks overlooking the big picture, as the company's outlook is bolstered by several fundamental tailwinds.
Here's why there's still time to buy shares of Netflix.
