With a business that’s firing on all cylinders and a stock that has risen 53% in the past year, Netflix (NASDAQ: NFLX) is on the mind of many investors these days. The company benefited from coronavirus-induced lockdowns as people were forced to stay in their homes and find ways to entertain themselves.
Although this FAANG stock recently reported fourth-quarter 2020 financial results that beat Wall Street estimates for revenue and subscriber additions, what caught my attention was management’s comments regarding Netflix’s impending financial position. As if the business hasn’t already done enough to please investors, it could be ready to make shareholders even happier in the years ahead.
Here are three important developments potential investors need to know before purchasing the stock.