Netflix (NFLX  ) was the talk of the street Thursday as fourth quarter earnings proved to be quite successful for them. They earned $0.15 a share on revenue of $2.48 billion. This shocked the street given that the year over year increase topped 35%. Add to it that analysts were only expecting $0.13 a share and revenue of $2.47 billion and you have a recipe for a rally.

Shares blasted off almost immediately to fresh highs in the after hours. By the open Thursday the stock had hit an all time high of $143.46 before pulling back. The 7% pop caused a round of profit taking as is sometimes the case after such a stellar run. For the year the stock now boasts over a 10% gain and investors are quite happy as to the future of the company.

Normally there is one or two things that come out of a companies earnings report that can be attributed to the stock move. Not the case with Netflix as everyone seemed happy with almost every metric. The company even further highlighted their success in their earnings conference call saying the streaming revenue grew 41% year over year to a whopping $2.4 billion. 

You may remember that last year the company announced its global plans to start offering services in many different companies around the globe. Well as of this earnings conference call it seems that it has been a huge success so far. The company said that they added 7.05 million new members and much of that was due to their expansion overseas. The subscriber count is always a focus for Netflix and they surely didn't disappoint last quarter.

As for the technical traders there isn't much to upset them either. Aside from the extended pop on Thursday the overall pattern continues to show a strong uptrend with every dip being seen as a value buy. Every time the stock even hints at being over extended to the downside buyers come flooding in.