Although the streaming giant continues to grow at a decent pace, it clearly isn't enough to win over growth investors, especially with it projecting its growth rate to decline to 12% for the current quarter (down from 13%). But co-CEO Ted Sarandos appeared to have poured cold water on that, stating on the company's earnings call that "we're primarily builders, not buyers." When it pursued Warner Bros., Netflix had a great opportunity to acquire top assets and content, including HBO. Is Netflix stock a buy? This year, Netflix's stock has declined by around 30%, as investors have appeared to have lost confidence in the company's path forward.