Netflix Stock Soars (NFLX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Shares of Netflix (Nasdaq: NFLX) have taken a tremendous swing upward. The stock is trading at $83.99 as of 3:05 p.m. ET, 20.7% above Tuesday's closing price of $69.58. Volume is at 8.9 million, 1.7 times the daily average of 5.1 million.

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Netflix has a market cap of $3.86 billion and is part of the services sector and specialty retail industry. Shares are up 0.4% year to date as of the close of trading on Tuesday.

Netflix, Inc. provides Internet subscription services for TV shows and movies in the United States and internationally. The company offers its subscribers to watch unlimited TV shows and movies streamed over the Internet to their TVs, computers, and mobile devices. The company has a P/E ratio of 38.2, below the average specialty retail industry P/E ratio of 88.1 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Netflix as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Netflix Ratings Report.

See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center.

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