|Bid||35.40 x 1800|
|Ask||35.55 x 1200|
|Day's range||34.92 - 36.31|
|52-week range||15.75 - 58.80|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||36.57|
In celebration of ten years of TV streaming, Roku, Inc. (ROKU) today announced it has unlocked free content for Roku® customers and is offering discounts on select streaming players. This year marks the 10th anniversary of the first Roku player, the first ever device to stream Netflix to the TV. “For 10 years, Roku has facilitated the massive shift in the way people watch TV and we’re extremely proud of the contribution we’re making to streaming entertainment,” said, Matthew Anderson, chief marketing officer, Roku.
(Reuters) - Roku Inc (ROKU.O) shares were up nearly 7 percent premarket on Thursday after it posted smaller-than-expected first-quarter loss helped by its TV streaming platform. Roku, which makes devices ...
Roku, which makes devices for TV streaming, said https://bit.ly/2ryHWAN on Wednesday revenue from its platform more than doubled to $75.1 million, from strong growth across advertising and content distribution. "The strong growth in Roku Channel usage highlights growing ad-supported content consumption," Morgan Stanley analyst Benjamin Swinburne wrote in a client note. Roku also beat Wall Street expectations with active accounts up 47 percent to 20.8 million at the end of March 31 and average revenue per user jumping 50 percent, fastest growth rate in 18 months.
Roku reported a smaller-than-expected loss in the first quarter and posted higher revenue from its streaming platform than from the sale of its physical devices.
Known for its streaming dongles and gadgets, Roku Inc. now makes more money from its software, and that is very much by design. Roku executives have been saying for months that they want to pursue revenue and opportunity in the TV operating system market, eschewing hardware profit, and the company’s first-quarter results tilted the balance for the first time. Roku’s “platform” revenue was 55% of total sales at $75.1 million, well ahead of Wall Street estimates of $66.7 million and topping hardware revenue in a quarter for the first time.
Roku Inc. shares hovered between gains and losses and were up more than 1% in the extended session Wednesday after dropping about 9%. Roku stock closed up 8.9% to $36.08 during regular trading. The company reported first-quarter net losses of $6.6 million, or 7 cents a share, compared with losses of $8.7 million, or $1.79 a share, in the year-ago period.
Streaming video platform Roku late Wednesday reported better-than-expected first-quarter results and guided higher for the current quarter and full year.
Roku reported first-quarter revenue rose 36% to $136.6 million, ahead of the consensus forecast of $127.58 million. Shares rose 2% late.
The Los Gatos, California-based company said it had a loss of 7 cents per share. The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research ...
Roku Inc. today announced it released first quarter 2018 results. Visit the Roku investor relations website https://ir.roku.com to view the first quarter 2018 letter to shareholders.
Roku Inc. executives have been adamant that the company’s streaming platform is the future of the business, and that future appears to be here. After the bell Wednesday, Roku (ROKU) is expected to report that the company’s streaming platform outperformed its hardware in a quarter for the first time, highlighting the investment thesis that executives sold in the company’s initial public offering.
The options market is implying a small move in Roku shares on earnings compared with its two prior reports. Stacey Gilbert, head of derivative strategy at Susquehanna, explains.
Earnings from Fox and Roku will be highlights on Wednesday after Trump's announcement that the US would withdraw from the Iran nuclear deal drew a somewhat muted reaction on Tuesday.
The word “Roku” is sometimes seen as a synonym for a little stick you slip into your television set, but that’s not the way the company sees it. In that sense, it boils down to a question of whether Roku (ROKU) can end up pulling a profit out of a tangle of ad sales, software licensing, device sales and content deals. One take on the bull case was offered Tuesday by KeyBanc, which initiated coverage of the company with an “overweight” rating and a $42 price target, about 27 % above current levels, on the shares.
KeyBanc Capital Markets initiates coverage for Roku shares with an overweight rating, predicting the company will generate strong sales growth this year.
Google's YouTube is aiming for a bigger part of the $70 billion annual TV ad budget, as more viewers turn toward watching YouTube on television screens through devices like digital media players, Google Chromecast, and video game consoles.