Netflix's investors are most likely jumping off the walls today. The video streaming service came out with its third-quarter earnings on Monday, and the results are good news all around -- profit is up, revenue is up, and stock is way up. In fact, the company's stock has hit a record high of $392 per share in after-hours trading.
Despite the excitement centered on Netflix's new numbers, the company's CEO, Reed Hastings, has cautioned shareholders not to get too hyped about the skyrocketing stock price. Because, as Netflix well knows, what goes up often comes back … Read more