Roku Q4 Gross Profit Rises; Aims To Grow Revenues Roughly 42% In 2020

Roku, Inc. (ROKU) reported a fourth-quarter loss per share of $0.13 compared to profit of $0.05, prior year. On average, 17 analysts polled by Thomson Reuters expected the company to report a loss per share of $0.14, for the quarter. Analysts’ estimates typically exclude special items. Total gross profit increased year-on-year to $161.65 million from $112.29 million. Adjusted EBITDA declined […]

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Even With Apple TV+, Roku Can Thrive

KeyBanc Capital Markets analyst Evan Wingren raised his price target for Roku (NASDAQ: ROKU) stock to $76, up from $63, over the weekend. "We recommend owning ROKU. We see it as a unique platform play on the growth in long-form, streaming video, with a strong competitive position and improving fundamentals," said Wingren (via Barron's). In addition, Wingren noted that Apple's […]

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3 Reasons Why Roku Will Bounce Back From Last Week's Drop

One of this year's hottest stocks was also one of last week's biggest losers. Shares of Roku (NASDAQ: ROKU) tumbled nearly 12% last week, buckling early in the week after a pair of analyst downgrades. Roku continues to be a winner in 2019, up 105% so far this year even after last week's setback. The Wall Street pros at Loop […]

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Roku Price Target Rises as Needham Rebuts the Naysayers

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope… Shares of Roku (NASDAQ: ROKU) got pummeled yesterday, falling 14% on top of the 5% loss they suffered on […]

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Why Express, Roku, and Insys Therapeutics Slumped Today

The stock market has been moving sharply higher lately, and Wednesday was no exception. A 0.6% gain for the Dow Jones Industrial Average matched well with similar-sized jumps in other major indexes, with investors taking comfort from encouraging readings on the macroeconomic front. Yet even though much of the market continued to build on gains from earlier in the week, […]

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Roku Expects to Be a Billion-Dollar Company This Year

There was a lot for investors to cheer about in Roku's (NASDAQ: ROKU) fourth-quarter earnings report. The company beat expectations on both the top and bottom lines, but the company's outlook for 2019 may have investors even more excited. Roku expects to bring in revenue of $1 billion to $1.025 billion for 2019. Wall Street analysts' consensus estimate was $985 […]

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Roku Plans to Hit $1 Billion in Sales This Year

Streaming-TV platform Roku(NASDAQ: ROKU) reported fourth-quarter earnings results on Thursday, and investors were clearly impressed. The company's core operating metrics continued to march in the right direction, while the advertising business is putting up strong growth. Some of that was already known, as Roku had disclosed preliminary estimates on active accounts and hours streamed in early January. Thanks to executing […]

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Roku Is Getting Into Premium Subscriptions

Subscriptions are a modest part of Roku's (NASDAQ: ROKU) platform business, with the company keeping a 20% cut of subscription and a-la-carte transactions. The bulk of platform revenue has always been advertising. The Roku Channel, which launched in late 2017, is an incredibly important first-party ad-supported channel. But Roku is now getting into the premium subscription business. Continue Reading Below […]

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Buy Roku on the Dip: Wedbush

Shares of video streaming industry player Roku Inc. (ROKU), down more than 25% off highs reached in October, are currently a steal for tech investors seeking to get in on a major consumer internet trend, according to one team of bulls on the Street.  Roku Core Platform, Smart TVs, Ads, Roku Channel, to Drive Double-Digit Upside In a note to clients […]

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Why Movado Group, Roku, and American Eagle Outfitters Slumped Today

Wall Street had another summer celebration on Wednesday, as the S&P 500 and Nasdaq Composite once again set records. Most investors attributed the gains to a 4.2% rise in gross domestic product during the second quarter, which was slightly faster than the initial estimate on GDP had suggested last month. Yet even with a favorable attitude prevailing throughout most of […]

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