Friday, July 6, 2012

Netflix shares surge on strong viewer numbers

By Roland Jones

Shares of Netflix are up 15 percent to $83 Thursday, surging on news that viewers around the world streamed over 1 billion hours of content from the company in the month of June.

The mark is record for the online video rental company.

CEO Reed Hastings posted the information on his Facebook page.

The information may represent a turning point for Netflix, which has seen its share price plunge 73 percent over the past year after it made several controversial shifts in its business model.

In the video above, a panel of analysts on CNBC discusses the outlook for the company, and whether it?s worth investor attention.

For a complete list of the latest market movers click here.?

Source: http://marketday.msnbc.msn.com/_news/2012/07/05/12582284-netflix-shares-surge-on-strong-viewer-numbers?lite

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