Piper Jaffray notes the Street ignores one of Netflix's (NFLX -2.5%) key metrics: the growth of...

|By:, SA News Editor

Piper Jaffray notes the Street ignores one of Netflix's (NFLX -2.5%) key metrics: the growth of its device ecosystem. In 2011, Netflix will be enabled on a combined 175M TV and mobile connection devices - up from 2010's 119M devices. This will contribute to "consistent EPS outperformance."