Roku Stock is High after Earnings

RokuWhen digital streaming set top box manufacturer and service provider Roku Inc. (NASDAQ: ROKU) went public in 2017, shares traded at around $26. Today, the price floated above $147 in after-hours trading. The growth in a relatively short time has been phenomenal, and there could be more coming for investors who buy in February.

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Roku just released its latest financial report, and it’s good news. The company reported revenue growth of 49.14%, with $411.23 million of total revenue for the last quarter. EPS was reported at -$0.13, compared to the $-0.14 that analysts expected.

Roku is the leading streaming device platform in America. It connects content publishers and viewers, while also providing its own free streaming network. Roku generates money from sales of its set top box devices, advertisements, and commercial agreements with content owners.

For the full year, the company expects revenue to be strong, with a top estimated figure of $1.62 billion. Analysts previously predicted $1.58 billion. This increase in the full year projection led to strong growth yesterday, and confidence could continue into the close of the week.

This is a strong pick for investors who want a stake in the streaming market. Historical growth of the stock is reassuring and expected revenue growth for 2020 suggests that more gains are in the pipeline.

Key Data:

  • 1 Year Price Growth: 81%
  • YTD Price Growth: 85%
  • 3 Month Price Growth: -6.49%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

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The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

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