Netflix, Inc. (NASDAQ:NFLX) Remains Darling Of Traders
Netflix, Inc. (NASDAQ:NFLX)’s stock has delivered more than 300% returns in trailing twelve months, gaining close to $287 per share. The market capitalization has soared to $22.42 billion as a result of spike in its stock price. Netflix’s Internet television network service has forced many traditional TV cable operators to rethink on their strategies and quickly innovate their offerings to defend the market share as people are quickly switching to Internet based services.
The Top Entertainer
While the wave casted Jennifer Lawrence as the top entertainer of the year followed by Miley Cyrus, Netflix, Inc. (NASDAQ:NFLX) was also ranked at No. 3 in the list. This survey was conducted by the Associated Press annual survey newspaper and broadcast member and subscribers.
This high ranking suggests voters’ favoritism for Netflix’s on- demand videos and original series like “House of Cards” and “Orange is the New Black” that have taken TV viewing to a different level. Recently Netflix, Inc. also announced to stream a new series “Turbo Fast” based on a creation of Dreamworks Animation Skg Inc. (NASDAQ:DWA).
Netflix and Major Tie-ups
Netflix, Inc. partnered with Dreamworks Animation Skg Inc. (NASDAQ:DWA) in June 2013 and jointly they commit to bring more than 300 hours of original animated programming. The deal marks the most historic partnership for Netflix’s quest for original content. Even for DreamWorks Animation this was a significant commitment to Internet television.
Following to this, Netflix, Inc. (NASDAQ:NFLX) struck its first historic deal with a major Hollywood studio. Netflix, Inc. announced to partner with Sony Corporation (ADR) (NYSE:SNE) for a new psychological series which is expected to stream on Internet in early 2014.
Despite a remarkable success, 2014 will not be a smooth road for Netflix, Inc. given its investment in original content as well as intense competition in the industry thrived by Amazon.com, Inc. (NASDAQ:AMZN) and Hulu.