Things have gone from bad to worse for Netflix (NFLX) stock over the last year. NFLX stock fell sharply on July 17 after markets gave a thumbs down to the company's second-quarter report. While earnings were broadly in line with estimates, Netflix's Q3 guidance spooked markets. Notably, NFLX stock also plunged following the Q1 confessional earlier this year for pretty much the same reasons. Netflix's Q3 revenue guidance of $12.86 billion also fell short of Street estimates.