Netflix's (NFLX) meteoric rise is seemingly unstoppable. Shares bounced 13% in the past month as investors remain hopeful about the company's plans for international expansion and its ability to keep churning out popular original series such as "House of Cards" and "Orange is the New Black."
Earlier this summer, Netflix passed the 50 million subscriber mark. While the company faces stiff competition from sites such as Amazon (AMZN) and Hulu, investors seem confident that Netflix will be a player in media and content distribution for years to come.
But that optimism doesn't come at a bargain. Netflix is currently trading at around 74 times next year's earnings.
